National Bureau of Economic Research

Prepare a brief report (1–2 pages)………………………………
(Last names M-N) Display as a bar chart the periods since 1854 that are designated as U.S.
recessions by the National Bureau of Economic Research (FRED code: USREC). Why has the
frequency of recessions declined over time? Could improvements in monetary policy have
played a role? Improvements in fiscal policy? Can you think of any other causes?