4 ms·
> For US recessions, Wikipedia has historically relied on NBER research to decide when recessions begin and end. Yeah, that's useless for policymaking: NBER de
by erichocean 4y ago
> For US recessions, Wikipedia has historically relied on NBER research to decide when recessions begin and end.
Yeah, that's useless for policymaking: NBER defines recessions historically, i.e. 6 - 18 months AFTER THEY HAVE OCCURRED.
The "two quarters of negative GDP" is what is used by policymakers, which have to adjust immediately.
Totally different things.