All About the Business Cycle: Where Do Recessions Come From?

Abstract: What constitutes a recession? Two quarters of negative real GDP growth? Well, most of the time that “rule of thumb” definition works, but not always. The NBER Business Cycle Dating Committee has a more nuanced way of determining what a recession is. This essay discusses where recessions come from, how they are determined, and how they end.

Keywords: recessions; business cycles; negative real GDP growth; National Bureau of Economic Research (NBER);

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2023-03

Pages: 8 pages