As shown, at each of these three junctures the model generally assigned recession probabilities that were below the unconditional probability of the U.
By: Season
+326reps
Daily data is a disaggregation of monthly data.
By: Lesley
+448reps
The peak and trough are collectively extrema.
By: Aurel
+583reps
As seen in Panel A, the model that evaluates the risk of recession in the current month primarily relies on variables that describe the real economy, such as the number of new jobs created.
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