usrecession {MFDF}R Documentation

Records of U.S.economic recessions from 1953 to 2009

Description

The National Bureau of Economic Research (NBER) provides the most widely accepted definition of a recession (NBER 2008): A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators. A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion. The latest dating result of U.S. recessions can be found at the official web site of NBER (http://www.nber.org/cycles.html)

Usage

data(usrecession)

Format

A data frame with 682 observations on the following 3 variables. time index is a numeric vector. flag is a numeric vector. time is a factor contains characters specifying the month and year.

Source

Official web site of NBER (http://www.nber.org/cycles.html)

References

Dou, W., Pollard, D and Zhou, H.H. (2009) Functional Regression for General Exponential Families. manuscripts.

Examples

data(usrecession)


[Package MFDF version 0.0-2 Index]