The current system of economic statistics for the nation is under pressure because of increasing costs, declining survey response rates, and shortfalls in its ability to capture transformation driven by new technologies. The Economic Measurement Research Institute (EMRI) will support and catalyze research focused on improving official economic statistics for the country through systematic use of the data generated by the 21st century information economy. The methodologies, techniques, and tools developed by the EMRI will enable more timely, accurate and granular measures of key economic outcomes including prices, productivity, output, wages, and employment. Improvements in these statistics will benefit the planning and decision-making of business, households, and policymakers, and allow better understanding of how technological change and research and development efforts affect the economy. The Economic Measurement Research Institute (EMRI) is a research center launched by the National Bureau of Economic Research (NBER) to initiate and support research collaborations among federal statistical agencies, the business community, and academic experts in order to advance the development of new economic measures with an emphasis on tracking the economic effects of technical change and scientific advances. The EMRI will support demonstration projects that show how the production of official economic statistics can be modernized. In its first phase, the EMRI will support resea