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03

Fiscal Policy Lags

   
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Title: Fiscal Policy Lags
 
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Subject: Business
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Date: June 24, 1998
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Length: 4 / 938
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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...
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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...
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