The nbers business cycle dating committee maintains a chronology of the us business cycle the chronology comprises alternating dates of peaks and troughs in economic activity a recession is a period between a peak and a trough and an expansion is a period between a trough and a peak.
The business cycle dating committee of the nation bureau of economic research what is the business cycle dating committee of the nation bureau of economic research a private research organization of prominent economists.
How is the committees membership determined the director of cepr appoints new members after consultation with the chair of the business cycle dating committee and the research director of cepr the president and the research director are ex officio members of the committee.
15 cycles source nber the determination that the last expansion began in june 2009 is the most recent decision of the business cycle dating committee of the national bureau of economic research.
The working group proposed a standing committee for business cycle analysis its job was the same as a bcdc ie maintaining historical dating of business cycles.
Business cycle dating committee national bureau of economic research this report is also available as a pdf file nber business cycle dating groupmeets cambridge july 27 the committee on business cycle dating of the nber met on july 26 to reviews the evidence about the current state of the us economy.
In the united states the business cycle dating committee of the national bureau of economic research nber determines the dates for business cycles committee members do this by looking at real.
Business cycle dates are determined by the nber dating committee under contract with the department of commerce typically these dates correspond to peaks and troughs in real gdp although not always so.
business cycle dating committee program in international finance amp macroeconomics two nber projects on international crises international seminar on macroeconomics link to jeff frankels publications at the national bureau of economic research.