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Economy reached a peak in March of 2001, and it designated that month as the beginning of a recession.The shortest recession on record lasted only 6 months, online dating best lines from buzzfeed dating site pictures January to July in 1980, while the longest recession was over 65 months, or 5 years. See Methodology Does CEPR use a different approach to NBER?
Moreover, European statistics are of uneven quality, long time series are not available, and data definitions differ across countries and sources.It has been a quarter of a century since India commenced the journey of opening its economy to the world.But the idea of a business cycle dating committee (BCDC) for India has not received sufficient attention.The Federal Reserve has been mandated by Congress to promote maximum employment and price stabilityits called the Feds dual mandate.The term cycle in business cycle can be misleading because it implies regularity.
The CEPR Committee’s task is significantly different from that of the NBER.