The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007.
Selected papers were published in the The 24th annual International Seminar on Macroeconomics, organized by Jeffrey Frankel and Francesco Giavazzi, was held in Dublin, Ireland, June 8-9, 2001, hosted by Vincent Hogan, University College, Dublin.
BOSTON, December 31 -- NBER's Committee on Business Cycle Dating met on December 29 to review data on the recent performance of the U. The Committee deferred identifying a peak in the current U. business cycle until additional data confirm current impressions that such a peak may have occurred during the summer of 1979.
CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion.
At its meeting, the committee determined that a trough in business activity occurred in the U. The recession lasted 18 months, which makes it the longest of any recession since World War II.
This glossary of business terms and definitions includes the main terminology used in business, plus many more unusual, interesting and amusing words and expressions found in business and management, and the wider world of work and modern life.
The definitions are designed to be quick, easy and enjoyable to read. Please send your suggestions for additional terms, and any corrections.Robert Hall, Chair -- Past Director of NBER's Program on Economic Fluctuations and Growth and Professor, Stanford University Martin Feldstein -- President Emeritus of NBER and Professor, Harvard Univerity Jeffrey Frankel -- Director of NBER's Program on International Finance and Macroeconomics and Professor, Harvard University Robert J. Valerie Ramey -- NBER Research Associate and Professor, University of California, San Diego Christina Romer -- Co-Director of NBER's Program on Monetary Economics and Professor, University of California, Berkeley David Romer -- Co-Director of NBER's Program on Monetary Economics and Professor, University of California, Berkeley James Stock -- NBER Research Associate and Professor, Harvard University Mark W.Gordon -- NBER Research Associate and Professor, Northwestern University James Poterba -- President of NBER and Professor, M. The most recent example of such a judgment that was less than obvious was in 1980-1982, when the Committee determined that the contraction that began in 1981 was not a continuation of the one that began in 1980, but rather a separate full recession.The Committee does not have a fixed definition of economic activity.The NBER's Business Cycle Dating Committee maintains a chronology of the U. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak.