Berge, Travis; Jorda, Oscar - Economics Department, University of California-Davis - 2009
The Business Cycle Dating Committee (BCDC) of the National Bureau of Economic Research provides a historical chronology … of business cycle turning points. This paper investigates three central aspects about this chronology: (1) How skillful … is the BCDC in classifying economic activity into expansions and recessions? (2) Which indices of business conditions …