HomeAmericaNational Bureau of Economic Research cuts ties with Larry Summers, WSJ reports

National Bureau of Economic Research cuts ties with Larry Summers, WSJ reports

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March 9 (Reuters) - Former ‌U.S. Treasury Secretary Larry Summers ​has lost his affiliation with The National Bureau of ⁠Economic Research, the Wall Street Journal reported on Monday, citing an email from the ​research organization's president.

Losing the NBER affiliation would be ‌the latest fallout for Summers from his ties with late convicted sex offender Jeffrey Epstein. Summers ⁠said last month he would ⁠resign from teaching at Harvard University at the end of the academic year, months after receiving a lifetime ban from The American ‌Economic Association.

NBER said an ad hoc committee reviewed ⁠Summers' conduct and recommended ‌the termination of his appointment ​as a research associate with the agency, the report said. "He is no longer an ‌NBER affiliate," wrote NBER president ​James Poterba in ⁠an email to the Journal.

Documents released by ‌the U.S. House ⁠Oversight Committee showed a close relationship between Summers and Epstein that continued well after the disgraced ​financier's 2008 ‌conviction. There is no evidence Summers was involved ⁠in Epstein's sex trafficking ​activities.

(Reporting by Gnaneshwar Rajan in Bengaluru, ​Editing by Rosalba O'Brien)

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