Business cycle dating committee national bureau

The NBER's research activities are mostly identified by 20 research programs on different subjects and 14 working groups.

Rather, the committee determined only that the recession ended and a recovery began in that month.

A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

The Committee also does not utilize a fixed definition of economic activity; rather, it examines and compares the behavior of various measures of broad activity and may also consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve's index of industrial production.

The Committee acknowledges that use of these indicators in conjunction with the broad measures recognizes the issue of double-counting of sectors included in both those indicators and the broad measures.

Selected papers were published in the The 24th annual International Seminar on Macroeconomics, organized by Jeffrey Frankel and Francesco Giavazzi, was held in Dublin, Ireland, June 8-9, 2001, hosted by Vincent Hogan, University College, Dublin.

The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." Many of the American winners of the Nobel Memorial Prize in Economic Sciences were NBER Research Associates. The Russian American economist Simon Kuznets, and student of Mitchell, was working at the NBER when the U. government recruited him to oversee the production of the first official estimates of national income, published in 1934.

Selected papers were published in the The 25th annual ISo M met in Frankfurt, Germany, June 14-15, 2002, hosted by Otmar Issing and Frank Smets, the European Central Bank.

The program was organized by Jim Stock and Lars Svensson.

The 26th annual ISo M met in Barcelona, Spain, June 13-14, 2003, hosted by Jordi Gali at the Centre de Recerca en Economia Internacional, of the Universitat Pompeu Fabra.

The program was organized by Zvi Eckstein and Ken West.

For example, the NBER may declare not a recession simply because of two quarters of very slight negative growth, but rather an economic stagnation.

Tags: , ,