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Reaffirming its earlier identification of January 1980 as the prior peak in business activity, the committee observed that the six months between the peak and the trough make the recession of 1980 the shortest recorded since the beginning of the NBER's business cycle chronology in 1854.The 1980 recession was also the first recession since World War II in which real GNP contracted for only a single quarter.Selected papers were published in the The 24th annual International Seminar on Macroeconomics, organized by Jeffrey Frankel and Francesco Giavazzi, was held in Dublin, Ireland, June 8-9, 2001, hosted by Vincent Hogan, University College, Dublin.The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." Many of the Chairmen of the Council of Economic Advisers have also been NBER Research Associates, including the former NBER President and Harvard Professor, Martin Feldstein. Its first staff economist, director of research, and one of its founders was American economist Wesley Mitchell. In the early 1940s, Kuznets' work on national income became the basis of official measurements of GNP and other related indices of economic activity.When these tests were implemented on a small scale the statistics showed an increase in Hispanic students by 130 percent, and the number of black students increased by 80 percent.These statistics indicate that there are little to no consequences for minorities when these tests that are being implemented.
The program was organized by Zvi Eckstein and Ken West.Selected papers were published in the The 25th annual ISo M met in Frankfurt, Germany, June 14-15, 2002, hosted by Otmar Issing and Frank Smets, the European Central Bank.The program was organized by Jim Stock and Lars Svensson. Although forecasters are now virtually unanimous in predicting a recession in early 1980,the Committee's judgments in identifying turning points are based only on actual data (not on forecasts).
reduced production of goods but continuing strength in other sectors were confirmed.
Committee members are Martin Feldstein, Harvard University; Benjamin Friedman, Harvard University; Robert Gordon, Northwestern University; Robert Hall, Stanford University; Geoffrey Moore, Center for International Business Cycle Research; Victor Zarnowitz, University of Chicago; and William Branson, Princeton University, who did not attend today's meeting.