Abhijit Banerjee, Esther Duflo, and Michael Kremer
Win Nobel Prize for Experimental Research Methods
that Transformed Development Economics

              Abhijit Banerjee                     Esther Duflo                     Michael Kremer

Abhijit Banerjee and Esther Duflo of MIT, and Michael Kremer of Harvard University, all of whom are long-serving NBER research associates, were awarded the 2019 Nobel Prize in Economic Sciences. The prize recognizes their contributions to development economics and the study of global poverty, in particular their championing of randomized controlled trials as methodologies for analyzing how a wide range of policy interventions – in health, education, credit markets, and local governance, among others – can contribute to poverty alleviation.
Read more

New NBER Research

16 October 2019

The Value of Government Debt

Half of the variation in the market value of government debt to GDP ratio corresponds to varying forecasts of future primary surpluses, and half to varying discount rates, John H. Cochrane calculates. Variation in expected growth rates is unimportant.

15 October 2019

Carbon Taxes and CO2 Emissions

Carbon prices as high as $200 per ton of CO2 will only reduce cumulative emissions from oil by 4% as the supply curve is very steep for high oil prices and few reserves drop out, Geoffrey Heal and Wolfram Schlenker estimate.

11 October 2019

Electric Vehicles and Tax Revenues

Electric vehicles have reduced US gasoline tax revenues by $250 million annually, mostly in a handful of states where EVs are more concentrated, and the effect is highly regressive, as most electric vehicles are driven by high-income households, Lucas W. Davis and James M. Sallee calculate.
More Research

NBER in the News

View all news

Locating the Poorest, Assembling Better Data
Are Foci of Master Lectures in Development

                    Ben Olken

                    Andrew Foster
NBER Research Associates Benjamin A. Olken (left) of MIT and Andrew Foster of Brown University delivered master lectures in development at the 2019 NBER Summer Institute. Videos of their full presentations and accompanying slides are available for viewing and downloading on the Development Economics Program page.

Follow us on
Twitter RSS facebook

Frequently Requested Items

Business Cycle (Recession & Recovery) Page
This Week's Working Papers
Calls for Papers
Calls for Proposals
Call for Fellowship Applicants
Fellowship Announcements Sign-up

The NBER Digest

Texting Tips to Help Parents Help their Children
Can Be Effective, if Texters Get the Timing Right

An experiment with families in the Dallas Independent School District finds that parenting tips texted over weekends have a larger impact on student performance than do weekday texts. Results are in the October edition of the free, monthly NBER Digest. Also featured in the October issue are studies measuring the long-term impact of a gas price shock, analyzing discrimination in mortgage lending and exploring the influence of monetary policy on consumer spending, and gauging the impact of Brexit uncertainty on the British economy, and evaluating unconventional monetary policies after the Great Recession.

Read online Download the PDF

Bulletin on Retirement and Disability

2019 Retirement and Disability Research Consortium
Meeting Convened August 1-2 in Washington, DC.

The Social Security Administration convened its 2019 Retirement and Disability Research Consortium Meeting August 1-2 at the National Press Club in Washington, DC. A summary of this year's conference can be found in the latest issue of the Bulletin on Retirement and Disability. Also in this issue of the free Bulletin on Retirement and Disability, are summaries of research on the effects of Medicaid privatization in Texas, how state Medigap requirements affect the health of SSDI beneficiaries, and a panel discussion on the economic determinants of fertility decisions held this past July at the NBER Summer Institute's Social Security meeting.
Read online

The NBER Reporter

Feldstein Lecturer Katherine Baicker
Advocates Evidence-Based Health Care Policy

In the 11th Annual Martin S. Feldstein Lecture, delivered at the 2019 NBER Summer Institute, Katherine Baicker, the dean and Emmett Dedmon Professor at the University of Chicago's Harris School of Public Policy, emphasized the need to define goals clearly and analyze evidence effectively in making health care policy. An edited version of the lecture is featured in the new NBER Reporter. Also in this issue of the free quarterly are reports on how people get and use information, quantitative approaches to violence, synthesizing data on the US economy, and long-term unemployment.

Read online Download the PDF

Martin Feldstein

NBER President Emeritus


NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us