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Description: Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

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While it has been widely documented that financial conditions are correlated across countries, less is known about the origins of this comovement. A new study explores the effect of US macroeconomic news on global markets, and analyzes how such news contributes to the correlation of global stock returns. In  The US, Economic News, and the Global Financial Cycle  (NBER Working Paper 30994),  Christoph E. Boehm  and  T. Niklas Kroner  find that US macroeconomic news is a key force behind the observed comoveme

NBER releases Entrepreneurship and Innovation Policy and the Economy, volume 2 , a compendium of six new studies of the determinants and implications of entrepreneurial and innovative activity across the economy.

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