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Dating the 2007–09 Recession in Real Time with CFNAI
| Identified by NBER | Identified by Bsquid | Leads (−) or lags (+) | Announced by NBER | Announced by Bsquid | Months ahead of NBER announce |
|---|---|---|---|---|---|
| Dec 2007 | Apr 2008 | +4 months | Dec 2008 | May 2008 | 7 months |
| Jun 2009 | Sep 2009 | +3 month | Sep 2010 | Oct 2009 | 11 months |
