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Nber business cycle dating

Although these indicators are the most important measures considered by the NBER in developing its business cycle chronology, there is no fixed rule about which other measures contribute information to the process.The committee's approach to determining the dates of turning points is retrospective.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.At its meeting, the committee determined that a trough in business activity occurred in the U. The recession lasted 18 months, which makes it the longest of any recession since World War II.CAMBRIDGE, January 06 -- The Business Cycle Dating Committee of the National Bureau of Economic Research met today and identified July 1981 as the most recent peak in U. In the opinion of the committee, there is no doubt that the U. Industrial production in November 1981 was 146.5, well below its level of 153.9 in July. The peak marks the onset of a recession in the business cycle chronology maintained by the Bureau. All the indicators traditionally considered are well below their peaks.The expansion of 1912 lasted twelve months; the expansion of 1919 lasted 10 months.Committee members are William Branson, Princeton University; Martin Feldstein and Benjamin Friedman, Harvard University; Robert Gordon, Northwestern University (who did not attend today's meeting); Robert Hall, Stanford University; Geoffrey Moore, Rutgers University; and Victor Zarnowitz, University of Chicago.

The committee places particular emphasis on two monthly measures of activity across the entire economy: (1) personal income less transfer payments, in real terms and (2) employment.A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.Between trough and peak, the economy is in an expansion.(December 21,1990) Bulletin on Retirement and Disability Bulletin on Health including Archive of Lists of Affiliates' Work in Medical and Other Journals with Pre-Publication Restrictions Archives of Bulletin on Aging and Health Digest — Non-technical summaries of 4-8 working papers per month Reporter — News about the Bureau and its activities.Business Cycle Dating Committee, National Bureau of Economic Research January 7, 2008 This report is also available as a PDF file. The chronology identifies the dates of peaks and troughs that frame economic recession or expansion.

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(January 6,1982) Bulletin on Retirement and Disability Bulletin on Health including Archive of Lists of Affiliates' Work in Medical and Other Journals with Pre-Publication Restrictions Archives of Bulletin on Aging and Health Digest — Non-technical summaries of 4-8 working papers per month Reporter — News about the Bureau and its activities.