{"id":205722,"date":"2024-02-12T07:42:34","date_gmt":"2024-02-12T07:42:34","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/12\/where-to-find-business-cycle-dates-for-countries-updated\/"},"modified":"2025-06-25T17:21:54","modified_gmt":"2025-06-25T17:21:54","slug":"where-to-find-business-cycle-dates-for-countries-updated","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/12\/where-to-find-business-cycle-dates-for-countries-updated\/","title":{"rendered":"Where to Find Business Cycle Dates for Countries [updated]"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Using (roughly) the Burns-Mitchell-NBER approach. Incomplete listing, focused on those updated over time, by agencies, firms, or other organizations. (update of post <a href=\"https:\/\/econbrowser.com\/archives\/2021\/06\/where-to-find-business-cycle-dates-for-different-economies\">12.6.2021<\/a>)<\/p>\n<p>For single economies:<\/p>\n<p>Cross country:<\/p>\n<p>The methodologies differ, with varying degrees of judgmental input and input series; some observations in <a href=\"https:\/\/econbrowser.com\/archives\/2019\/09\/some-observations-on-recession-determinations\">this post<\/a>. In <a href=\"http:\/\/www.ssc.wisc.edu\/~mchinn\/Chinn_Kucko_IF2015.pdf\">Chinn and Kucko (2015)<\/a> and <a href=\"http:\/\/www.ssc.wisc.edu\/~mchinn\/YC_chinn_ferrara.pdf\">Chinn and Ferrara (2024)<\/a>, we relied upon the ECRI chronologies. There are numerous other approaches, including for the US <a href=\"https:\/\/econbrowser.com\/recession-index\">Jim Hamilton\u2019s time series approach applied to GDP<\/a> [<a href=\"https:\/\/econbrowser.com\/archives\/2024\/01\/another-solid-gdp-report-2\">latest announcement<\/a>].<\/p>\n<p>As an aside, here are six key macro indicators (at monthly frequency, as of 2\/2\/2024) followed by the NBER BCDC:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24k.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-51067\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24k.png\" alt=\"\" width=\"820\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24k.png 820w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24k-300x211.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24k-768x539.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24k-624x438.png 624w\" sizes=\"(max-width: 820px) 100vw, 820px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong>\u00a0Nonfarm Payroll employment incorporating benchmark revision (bold dark blue), implied level using Bloomberg consensus as of 2\/1 and December 2023 NFP (blue +), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold green), manufacturing and trade sales in Ch.2017$ (black), consumption in Ch.2017$ (light blue), and monthly GDP in Ch.2017$ (pink), GDP, 3rd release (blue bars), GDPNow for 2024Q1 as of 2\/1 (lilac box), all log normalized to 2021M11=0. Source: BLS via FRED,\u00a0<a href=\"https:\/\/www.bls.gov\/web\/empsit\/cesprelbmk.htm\">BLS preliminary benchmark<\/a>, Federal Reserve, BEA 2023Q3 2nd release incorporating comprehensive revisions,\u00a0<a href=\"https:\/\/www.spglobal.com\/marketintelligence\/en\/mi\/research-analysis\/us-monthly-gdp-index-for-october-2022.html\">S&amp;P Global Market Insights<\/a>\u00a0(nee Macroeconomic Advisers, IHS Markit) (2\/1\/<\/em><em>2024 release), and author\u2019s calculations.<\/em><\/p>\n<p>Any leads to other agency\/organization chronologies welcome.<\/p>\n<p>Other individual studies discussed on Econbrowser:<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/02\/where-to-find-business-cycle-dates-for-countries-updated\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Using (roughly) the Burns-Mitchell-NBER approach. Incomplete listing, focused on those updated over time, by agencies, firms, or other organizations. (update of post 12.6.2021) For<\/p>\n","protected":false},"author":1,"featured_media":205723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/205722"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=205722"}],"version-history":[{"count":1,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/205722\/revisions"}],"predecessor-version":[{"id":344194,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/205722\/revisions\/344194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/205723"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=205722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=205722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=205722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}