Nber recession dating procedure

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Real Personal Income Less Transfers The dark line shows the movement of income from May to the present and the shaded line the average over the previous 6 recessions. Apr -3 3 -2 2 -2 2. This has traditionally been done. However, it should be emphasized. Figure 4.

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In this paper I address the following questions.

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The NBER's Business Cycle Dating Procedure: Frequently Asked Questions

The committee's announcement of the trough is at https: Analysis suggests that forthe Baltic States, along with Ireland, Italy and Greece, experienced comparatively severe recessions. It reached its low point in October and then generally rose throughoutreached its highest level in July Theodore M. We use cookies to make interactions with our website easy and meaningful, to better understand the use of our services, and to tailor advertising. The people involved in the process are not hacks; they are among the brightest and best trained macroeconomists we have.

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