Business Cycle Dating Committee
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Cambridge december 22 1992 the business cycle dating committee of the national bureau of economic research met by conference call yesterday.
Business cycle dating committee. Spring 2020 statement on the committee on the current state of economic activity in the euro area. The national bureau s business cycle dating committee maintains a chronology of u s. The working group proposed a standing committee for business cycle analysis.
Does the committee follow the nber business cycle dating committee in its deliberations. Current members of the nber business cycle dating committee. While the cepr euro area business cycle dating committee has been conceived to operate in a manner similar to the nber business cycle dating committee its deliberations and timing of announcements are independent.
Real gdp measured on the product and income sides economy wide employment and real income. The cepr eabcn euro area business cycle dating committee declared that the euro area expansion that had started in 2013q2 has reached its peak in 2019q4 the euro area entered recession in 2020q1. The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions.
Its job was the same as a bcdc i e maintaining historical dating of business cycles. The committee maintains a chronology of the u s. A recession is the period between a peak of economic activity and its subsequent trough or lowest point.
The cepr eabcn euro area business cycle dating committee met electronically on 16 april 2020 to prepare its. Nber business cycle dating committee determines that recession ended in march 1991. The committee also may consider indicators that do not cover the entire economy such.
Details are available in the news section of the dating committee section of the website. Findings press release 30th april 2020. Business cycle that is widely used in the analysis of business.
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