Nber business cycle dating committee members

nber business cycle dating committee members

How does the NBER’s business cycle dating committee identify turning points?

FAQs and additional information on how the NBERs Business Cycle Dating Committee identifies turning points The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions.

What is the NBER business cycle chronology?

The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions. A recession is the period between a peak of economic activity and its subsequent trough, or lowest point.

What is the business cycle dating?

A: The Business Cycle Dating Committee was created in 1978, and since then there has been a formal process of announcing the NBER determination of a peak or trough in economic activity. Those announcement dates and accompanying explanations are available here.

Does the NBER identify depressions in its business cycle chronology?

A: The NBER does not separately identify depressions in its business cycle chronology. The period between a peak and a trough is a contraction or a recession, and the period between the trough and the peak is an expansion. The term depression is often used to refer to a particularly severe period of economic weakness.

What is the NBER business cycle chronology?

The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions. A recession is the period between a peak of economic activity and its subsequent trough, or lowest point.

What is the basic job of the NBER’s business cycle dating committee?

Q: What is the basic job of the Business Cycle Dating Committee? A: The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peak and trough months in economic activity.

How does the committee determine the dates of turning points?

The committees approach to determining the dates of turning points is retrospective. In making its peak and trough announcements, it waits until sufficient data are available to avoid the need for major revisions to the business cycle chronology.

What is the business cycle dating?

A: The Business Cycle Dating Committee was created in 1978, and since then there has been a formal process of announcing the NBER determination of a peak or trough in economic activity. Those announcement dates and accompanying explanations are available here.

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