Category Archives: recession

GDP, GDO, GDP+, Hours and Income

Following up on Friday’s post (“When is a recession not a recession?”) by  Jan P.A.M. JacobsSamad Sarferaz, Jan-Egbert Sturm and Simon van Norden , here’s a picture in levels of some of the alternative GDP measures, along with two key variables followed by the NBER Business Cycle Dating Committee (aggregate hours, personal income excluding transfers), at the quarterly frequency.

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