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Title: Fiscal Policy Lags
Essay Details
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Business |
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| Date: |
June 24, 1998 |
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| Length: |
4 / 938 |
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Essay text:
The National Bureau of Economic Research’s (NBER) Business Cycle Dating Committee is generally considered to be the official arbiter on the timing of broad economic cycles. The mere definition of a business cycle as representing changes, spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale trade suggests that it is something that will be recognized officially a good bit after it starts... Showed first 250 characters
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The mere definition of a business cycle as representing changes, spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale trade suggests that it is something that will be recognized officially a good bit after it starts... Showed next 250 characters
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