38th annual NBER summer institute.

• Position: NBER News - National Bureau of Economic Research - Brief article

The NBER hosted its 38th annual Summer Institute during a three-week period in July 2015. There were more than 2,600 registered participants, and 512 research presentations. More than 20 percent of those who attended the meetings were first-time Summer Institute participants; roughly one third were NBER affiliates.

Alan Krueger of Princeton University, the past chair of the President's Council of Economic Advisers and a current research associate, delivered the 2015 Martin Feldstein Lecture, addressing the question "How Tight is the Labor Market?" He explored the challenge of measuring the number of long-term unemployed workers and estimating the extent to which the behavior of these individuals is affected by public policies and labor market conditions. An edited text of his lecture appears earlier in this issue of the NBER Reporter.

A panel discussion during the International Finance and Macroeconomics Program provided a timely opportunity for researchers to assess developments in the Greek financial crisis. Research associates...