Nber business cycle dating procedure

The NBER’s Recession Dating Procedure

The committee is comprised of a small of leading business cycle experts. business cycles dating back to the mid-1800s is available on the NBER web site.


This reviews a variety of economic statistics and indicators of U. economic conditions before deciding on the turning points in the economy—business cycle peaks and troughs—that define periods of recessions and expansions. Official Recessions and Expansions The NBER web site describes a recession and the types of economy-wide economic data used to identify a recession in the U. economy as follows: A recession is a snificant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.

<strong>DATING</strong> THE ITALIAN <strong>BUSINESS</strong> <strong>CYCLE</strong> A COMPARISON OF <strong>PROCEDURES</strong> -.

Business Cycle Dates - NBER

A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.

Business Cycle Dating Committee FAQs Centre for Economic.

Between trough and peak, the economy is in an expansion.

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