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- A: The NBER chronology does not identify the precise moment that the economy entered a recession or expansion. In the NBER’s convention for measuring the duration of a recession, the first month of the recession is the month following the peak and the last month is the month of the trough.
www.nber.org/research/business-cycle-dating/business-cycle-dating-procedure-frequently-asked-questions
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A: The NBER chronology does not identify the precise moment that the economy entered a recession or expansion. In the NBER’s convention for measuring the duration of a recession, the first month of the recession is the month following the peak and the last month is the month of the trough.
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The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the months of peaks and troughs of economic activity. Expansions are the periods between a trough and a peak; recessions are the periods between a peak and a trough.
Jul 19, 2021 · The NBER chronology does not identify the precise moment that the economy entered a recession or expansion. In the NBER’s convention for measuring the duration of a recession, the first month of the recession is the month following the peak and the last month is the month of the trough.
Jul 17, 2023 · The NBER does not give exact dates, but they do say in which month of the year the recession began and ended. For example, the Great Recession of 2007–2009 began in December 2017 and ended in June 2009.
Jul 21, 2022 · The National Bureau of Economic Research (NBER) Business Cycle Dating Committee —the official recession scorekeeper—defines a recession as “a significant decline in economic activity that is...
Jul 21, 2021 · The NBER chronology does not identify the precise moment that the economy entered a recession or expansion. In the NBER’s convention for measuring the duration of a recession, the first month of the recession is the month following the peak and the last month is the month of the trough.
examines the strengths and weaknesses of the NBER recession dates. We argue that the most important strength of the recession chronology is that it captures a fundamental feature of the macroeconomy: long periods of relatively stable growth are periodically interrupted.
