01/08/1998

Using the New NLI Business Cycle Indexes (NBI) as a Policy Tool

Yasuyuki Komaki 

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Introduction

In May 1998， the NLI Research Institute began compiling the NLI Business Cycle Indexes (NBI). The NBI incorporates monthly economic indicators to gauge sequential changes in economic conditions. It quantifies the speed， strength， and turning points in the business cycle in a way not accessible through GDP and other conventional statistics， allowing troughs and peaks to be identified approximately three to six months earlier. This paper introduces the NBI and discusses its usefulness in identifying turning points in business cycles.

Yasuyuki Komaki

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