Nber business cycle dating committee


The expansion phase nears its end when the economy overheats. That's when the GDP growth rate is greater than 3 percent. Inflation is greater than 2 percent and may reach the double digits. Investors are in a state of " irrational exuberance ." That's when they create  asset bubbles .  

The fluctuations in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or ...


Nber business cycle dating committee

Nber business cycle dating committee