Cepr business cycle dating committee

19-Dec-2016 22:32

Answers to some frequently asked questions can be found here.

See Methodology Does CEPR use a different approach to NBER?

US Business Cycle Expansions and Contractions Register for future Business Cycle announcements Statement of the NBER Business Cycle Dating Committee on the Determination of the Dates of Turning Points in the U.

CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion.

The euro area groups together a set of different countries.

Although subject to a common monetary policy since 1999, they even now have heterogeneous institutions and policies.

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Rather, the committee determined only that the recession ended and a recovery began in that month.Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth.The Committee does not have a fixed definition of economic activity.It 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.

Rather, the committee determined only that the recession ended and a recovery began in that month.Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth.The Committee does not have a fixed definition of economic activity.It 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.A companion paper written by Binnur Balkan for this Committee (available here) explores the impact this new method would have had on the past findings of this Committee.