Understanding when the Recession will End
Posted on June 23, 2009 - Filed Under Economy | Leave a Comment
The start and end of recessions are determined by the NBER, a “private, nonprofit, nonpartisan research organization” (see here for more). While there has been much debate about why this group has the power to determine the dating of recessions, their proclamations are generally accepted by most economists.
The NBER determines what are the peaks and [...]