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(April 25, 1991) Bulletin on Retirement and Disability Bulletin on Health including Archive of Lists of Affiliates' Work in Medical and Other Journals with Pre-Publication Restrictions Archives of Bulletin on Aging and Health Digest — Non-technical summaries of 4-8 working papers per month Reporter — News about the Bureau and its activities.

Robert Hall, Chair -- NBER Research Associate and Professor, Stanford University Jeffrey Frankel -- NBER Research Associate and Professor, Harvard University Robert J. Valerie Ramey -- NBER Research Associate and Professor, University of California, San Diego Christina Romer -- NBER Research Associate and Professor, University of California, Berkeley David Romer -- NBER Research Associate and Professor, University of California, Berkeley James Stock -- NBER Research Associate and Professor, Harvard University Mark W.

Still, a well-defined peak or trough in real sales or IP might help to determine the overall peak or trough dates, particularly if the economy-wide indicators are in conflict or do not have well-defined peaks or troughs.

A recession begins when the economy has reached a peak in activity and begins a decline.

CAMBRIDGE, April 25 - The Business Cycle Dating Committee of the National Bureau of Economic Research reached the judgment today that the peak of U. During the summer, the month-to-month changes in these indicators were small. The index of industrial production peaked in September.

Each of the major indicators reached a peak in a different month. Real manufacturing and trade sales pealced in August.

The chronology comprises alternating dates of peaks and troughs in economic activity.

During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year.

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