Nber business cycle dating

US Business Cycle Expansions and Contractions

The NBER’s Business Cycle Dating Committee uses many methods and data analysis to determine the timing of business cycle peaks and troughs.

Nber business cycle dating committee

They do not simply use, as the media frequently states, 2 consecutive quarters of decline in RGDP.

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Business cycle - pedia

In fact, the committee does not even have a set of rules or definitions they must follow to determine the timing of the business cycles peaks and troughs.The committee also has other indicators they look at such as the Federal Reserve’s index of industrial production (IP). , when “economy-wide indicators are in conflict or do not have well-defined peaks or troughs”, this helps them to determine the peak and trough dates.

U. S. business cycles

The committee “examines and compares the behavior of various measures of broad activity: real GDP measured on the product and income sides, economy-wide employment, and real income.

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