Economics of internet dating


01-May-2016 02:07

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Q: The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP.How does that relate to the NBER's recession dating procedure?According to its official website, the Royal Swedish Academy of Sciences "administers a researcher exchange with academies in other countries and publishes six scientific journals.Every year the Academy awards the Nobel Prizes in Physics and Chemistry, the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, the Crafoord Prize and a number of other large prizes".A: Most of the recessions identified by our procedures do consist of two or more quarters of declining real GDP, but not all of them.In 2001, for example, the recession did not include two consecutive quarters of decline in real GDP.

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The committee places real Gross Domestic Income on an equal footing with real GDP; real GDI declined for six consecutive quarters in the recent recession.Q: Why doesn't the committee accept the two-quarter definition?A: The committee's procedure for identifying turning points differs from the two-quarter rule in a number of ways.First, we do not identify economic activity solely with real GDP and real GDI, but use a range of other indicators as well.

Second, we place considerable emphasis on monthly indicators in arriving at a monthly chronology.began publication in 1933 and is the eighth oldest American scholarly journal in economics.



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