The Council performs a similar function to the National Bureau of Economic Research (NBER) Business Cycle Dating Committee in the United States.
The Council is comprised of Canada’s preeminent economists active in the field.
It analyses and compares the behaviour of key macroeconomic variables such as consumption, investment, unemployment, money supply, inflation, stock prices, etc., which may have different dynamics before, during and after the recession.
It identifies turning points which act as a reference point for the construction of coincident, leading and lagging indicators of the economy.
Sugerimos que volte à página inicial ou pesquise o assunto que procura.
This committee statement is about as close as they get to identifying their method.
It is the “ups and downs” in economic activity, defined in terms of periods of expansion or recession.
The US’ National Bureau of Economic Research (NBER) defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real gross domestic product (GDP), real income, employment, industrial production, and wholesale-retail sales. A BCDC maintains a chronology comprising alternating dates of peaks and troughs in economic activity.
Members of the Council participate in their personal capacities, and the views collectively expressed do not represent those of any institution or client.
The Council released its first report on October 24, 2012, providing an assessment of the 2008/09 recession, as well as an historical chronology of business cycle dates going back to 1926 (a background commentary that explains in greater details the methodology and the chronology can be found here).