Many of the ingredients of the quarterly GDP figures are published at a monthly frequency by government agencies. He is also the Mitsui Professor of Economics at M. Similarly, June is both the month when the recession ended and the month when the expansion began. In the recession beginning in December and ending in Junereal GDP declined in the first, third, and fourth quarters of and in the first quarter of The most recent episode in the United States that is generally regarded as a depression occurred in the s.
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Business Cycle Dating Committee Members
It examines and compares the behavior of various measures of broad activity: Prior tothere were some revisions in turning points; see this article in the May Business Conditions Digest by Victor Zarnowitz and Charlotte Boschan. The Science of Science Funding Initiative. Economics of Research and Innovation in Agriculture. For example, the committee's determination that the recession that began in was separate from the one that began in was based in part on the extent to which major economic indicators bounced back in late and early