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Webresources of Interest for Students of Economics



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United States Department of the Treasury

The Department of the Treasury is a Cabinet department and the treasury of theUnited States government. It was established by an Act of Congress in 1789 to manage government revenue. The Department is administered by the Secretary of the Treasury.


The Federal Reserve System

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, is independendent of the rest of the government. As long as it stays within its statutory authority as delineated by congress it alone has responsibility for determining the nation's monetary policy. As of February 1, 2006, Ben Bernake serves as the Chairman of the Board of Governors of the Federal Resrve System.


The Bureau of Labor Statistics

The Bureau of Labor Statistics (BLS), a unit of the United States Department of Labor, is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics. The BLS is an independent national statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor representatives. The BLS also serves as a statistical resource to the Department of Labor.


The Bureau of Economic Analysis

The Bureau of Economic Analysis (BEA) is an agency in the United States Department of Commerce that provides important economic statistics including the gross domestic product of the United States. Its stated mission is to "promote a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic data in an objective and cost-effective manner".

Economic Think Tanks

The National Bureau of Economic Research

The National Bureau of Economic Research (NBER) is a private, nonprofit research organization dedicated to studying the science and empirics of economics, especially the American economy. It is "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." It publishes NBER Working Papers and books. The NBER is located in Cambridge, Massachusetts with branch offices in Palo Alto, California, and New York City.

The NBER was founded in 1920. Simon Kuznets was working at the NBER when the U.S. government asked him to help organize a system of national accounts in 1930, which was the beginning of the official measurement of GDPand other related indices of economic activity. Due to its work on national accounts and business cycles, the NBER is well-known for providing start and end dates for recessions in the United States.


The Center on Budget and Policy Priorities

The Center on Budget and Policy Priorities (CBPP) is a non-profit think tank which describes itself as a "policy organization ... working at the federal and state levels on fiscal policy and public programs that affect low- and moderate-income families and individuals."

The Center examines the short- and long-term impacts of proposed budget and tax policies on the economy, on federal and state budgets, and on households in different income groups. It also examines whether federal and state governments are addressing critical priorities, both for low- and moderate-income Americans and for the population as a whole, and whether they have sufficient revenues to do so.


The Economic Policy Institute

The Economic Policy Institute or EPI is an organization based in Washington D.C. which concerns itself with the formulation of economic policy. It is considered to be center left in its views.

EPI states it was founded "to broaden the discussion about economic policy to include the interests of low- and middle-income workers." It states as its mission, "to provide high-quality research and education in order to promote a prosperous, fair, and sustainable economy." The organization conducts research, makes policy recommendations, and disseminates its work through various channels, including books and studies, briefing papers, a printed journal, email newsletters and RSS feed.


The Cato Institute

The Cato Institute is a libertarian think tank headquartered in Washington, D.C. The Institute's stated mission is "to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty , free markets, and peace" by striving "to achieve greater involvement of the intelligent, lay public in questions of (public) policy and the proper role of government." Cato scholars conduct policy research on a broad range of public policy issues, and produce books, studies, op-eds, and blog posts.


The Brookings Institution

The Brookings Institution is a nonprofit public policy organization based in Washington D.C. One of Washington's oldest think tanks, Brookings conducts research and education in the social sciences, primarily in economics, metropolitan policy, governance, foreign policy, and global economy and development. Their stated mission is to "provide innovative and practical recommendations that advance three broad goals: strengthen American democracy; foster the economic and social welfare, security and opportunity of all Americans; and secure a more open, safe, prosperous and cooperative international system." Brookings states that its scholars "represent diverse points of view" and describes itself as non-partisan.

Media descriptions of Brookings range from liberal to centrist; however, despite its left-of-center reputation, some U.S. pundits have criticized the work of Brookings' foreign policy scholars for being too supportive of Bush administration positions.


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