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The NBER's definition emphasizes that a recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months. In our interpretation of this definition, we treat the three criteria—depth, diffusion, and duration—as somewhat interchangeable.
- Frequently Asked Questions
Q: What is a recession? What is an expansion? A: The NBER's...
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- Committee Members
Past Members . Ben Bernanke, Princeton University, 2000-2002...
- Business Cycle Dates
In addition to working papers, the NBER disseminates...
- Frequently Asked Questions
Q: What is a recession? What is an expansion? A: The NBER's traditional definition of a recession is that it is a significant decline in economic activity that is spread across the economy and that lasts more than a few months.
21 lip 2022 · The NBER committee defines a recession as a significant decline in economic activity that is spread across the economy and lasts more than a few months. The blog argues that the data through the first half of 2022 do not indicate a recession, despite the negative GDP growth in Q1.
3 maj 2008 · Monthly US data on payroll employment, civilian employment, industrial production and the unemployment rate are used to define a simple recession- dating algorithm that nearly perfectly reproduces the NBER official peak and trough dates. The only substantial point of disagreement is with respect to the NBER November 1973 peak.
The NBER’s Business Cycle Dating Committee defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.
28 lip 2022 · The NBER says the "traditional definition" of a recession is "a significant decline in economic activity that is spread across the economy and that lasts more than a few...
19 lut 2024 · The National Bureau of Economic Research (NBER) looks at a variety of factors when deciding whether or not America is in recession. The institution defines the event as “ a significant decline in economic activity spread across the economy , lasting more than a few months, normally visible in production, employment, real income, and other ...
