Economic Commentary: NBER Makes It Official - NBER - National Bureau of Economic Research, Politics

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NBER - National Bureau of Economic Research

ftportfolios.com - 12/3/2008

Economic Commentary: NBER Makes It Official

blogs.wsj.com - 12/1/2008

Real Time Economics : NBER Makes It Official: Recession Started in December 2007

— blogs.wsj.com — Official recession watchers at the NBER said today that the U.S. is recession, and it began in... December 2007. Here is the text of their statement. The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference call ... (more) Real Time Economics : NBER Makes It Official: ...

U.S. Army

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marketwatch.com - 12/1/2008

U.S. recession began in December 2007, NBER says

— marketwatch.com — WASHINGTON (MarketWatch) -- The U.S. economy entered a recession in December 2007, a committee of economists at... the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, ... (more) U.S. recession began in December 2007, NBER says

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thinkprogress.org - 12/1/2008

NBER: U.S. economy in recession since December 2007.

— thinkprogress.org — The National Bureau of Economic Research (NBER) announced today that the U.S. economy has been in recession... since December 2007 . NBER’s Business Cycle Dating Committee — “which maintains a chronology of the beginning and ending ... (more) NBER: U.S. economy in recession since December 2007.

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SCSUScholars: Income versus output

The Corner on National Review Online: Dating Recessions

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Income versus output
SCSUScholars — Caution: Serious data geekery ahead. Proceed at own risk. I was only mildly surprised by the NBER call of recession yesterday, certainly not as much as Brian Wesbury or Mark Perry appear to be. Still, there are going to be those who will wonder about the recession call in light of there not yet being two consecutive quarters of GDP decline (even though every economist who studies these things knows the committee does not define recessions that way.) What the NBER's Business Cycle Dating Committee (BCDC) said about that is interesting. The ...

Dating Recessions
The Corner on National Review Online — Thursday, December 04, 2008 [image] Dating Recessions [Ramesh Ponnuru] It's an art more than a science : Even with rising inflation, and falling home construction, real GDP contracted at only a tiny 0.2% annual rate in the fourth quarter of 2007, and grew in the first two quarters of 2008, including a quite healthy 2.8% growth rate in Q2. Not since 1970 has the NBER called a recession for a period including such a strong quarter of real GDP growth (and remember that the 1970 data has been revised substantially in the intervening years). In fact, GDP data were much worse than in ...

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