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Note that the series typically climbs during expansion periods (between the trough and the peak of the business cycle) and falls during recessions (the shaded areas between the peak and the trough).How does the NBER determine business cycle turning points?More episodes: • The Economic Lowdown Podcast Series • The Economic Lowdown Video Series Subscribe to the Economic Lowdown Podcast Series on i Tunes and Stitcher. Some coasters are mild, kiddy rides that never really go that high.
Data on these official business cycle turning points and dates are available from the NBER website at
How do NBER recessions differ from the common description of a recession as, "a period when real gross domestic product declines for two consecutive quarters?
The NBER a private nonprofit nonpartisan research organization, determines the official dates for business cycles.
The NBER website ( describes the key phases of the business cycle as follows: A recession is a significant decline in activity spread across the economy, that lasts more than a few months and is visible in industrial production, employment, real income, and wholesale-retail sales.
Calling the 2001 Recession In November 2001, the NBER announced that the U. economy reached a peak in March of 2001, and it designated that month as the beginning of a recession. Rudebusch's Federal Reserve Bank of San Francisco Economic Letter (2001-20; October 19, 2001) titled, "Has a Recession Already Started?
" anticipated the NBER's designation of March 2001 as the beginning of the recession.
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It’s a thrilling ride—well, for most of the riders, anyway.
This episode of The Economic Lowdown podcast series describes how the economy moves through phases of the business cycle, and the role the Federal Reserve System plays in smoothing some of the ride's bumps.
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The article provides a review of the process and indicators the NBER Committee uses to evaluate potential business cycle turning points.Tags: Adult Dating, affair dating, sex dating