What is the business cycle dating committee

The reference dates of the United States' business cycles are determined by the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), which looks at various coincident indicators such as real GDP, real personal income, employment, and sales to make informative judgments on when to set the historical dates of the peaks and troughs of past business cycles.

The NBER was founded in 1920, and the first business cycle dates published in 1929.

According to the NBER, the average expansion lasted 58 months while the average contraction lasted 11 months since 1945.

Conversely, if the economy is slowing down too quickly, they will lower rates and increase the money supply.To learn more or modify/prevent the use of cookies, see our Cookie Policy and Privacy Policy.The business cycle describes the rise and fall in production output of goods and services in an economy.The Economic Cycle Research Institute (ECRI), founded by Geoffrey H. Moore, who created the first index of leading economic indicators (LEI) in 1967, also determines historical international business cycle dates comparable to the NBER’s U.

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