This dataset was built using the Philadelphia Federal Reserve's State Coincident Indices and the Bry-Boschan Method for business cycle dating. It then became available here. In the tradition of Owyang, Piger, et al. business cycles are calculated on the state level which provides interesting analysis opportunities for looking at recession timing for different regions or sectors present in different states. With this information, we could look to predict future recessions, or try to understand why they occurred in the past.
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