State and Local Governments: Knowledge of Past Recessions Can Inform Future Federal Fiscal Assistance (Paperback) (ISBN-13: 9781492182771)

Recessions mark a distinct phase of the overall business cycle, beginning with a business cycle "peak" and ending with a business cycle "trough." Between trough and peak the economy is in an expansion. The National Bureau of Economic Research (NBER) identifies dates for national recessions, which can vary in overall duration and magnitude.7 While NBER sets dates for the peaks and troughs of national recessions, no dates are set for turning points in state economies. State economic downturns vary in magnitude, duration, and timing, and do not necessarily coincide with dates identified for national recessions.

Author: Government Accountability Office
ISBN-10: 149218277X
ISBN-13: 9781492182771
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 08/28/2013
Pages: 72
Format: Paperback
Weight: 0.42lbs
Size: 11.02h x 8.50w x 0.15d