Economic dating committee

See Data Sources The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP.How does that relate to your recession dating procedure?

A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

The trough marks the end of the declining phase and the start of the rising phase of the business cycle.

Economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.

See Methodology Does CEPR use a different approach to NBER?

See The CEPR and NBER Approaches What data does the Committee use?

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  1. Ahead of the debut of season 3, Business Insider sat down with Thomas Middleditch, who plays Richard, the CEO of Pied Piper, and Amanda Crew, who plays Monica, the business associate that just fired him from that role. Middleditch: Is that what happens when a company IPOs? Carson: Yeah, you’re actually the first person from Silicon Valley to actually make it. Even reading the pilot, I was like what is this place they’ve created? I’m not going to be creating an app or doing the code or anything for it. When you’re an actor who just got his first big chunk of change and you’re like ‘what do I do with it? They’re investing in companies and it’s a similar thing. I grew up in a hippy town so I did my playing outdoors and skiing and all that, but then I also had my nerd friends that I went and hosted LAN parties with, get my Counterstrike on. I remember in the first episode Gavin Belson, when we wrote the pilot, Gavin offers Richard initially 0 million for Pied Piper and he turned it down.