Business cycle dating committe

No, the sole objective of the Committee is to date recessions for the euro area as a whole.

Why does the Committee not date recessions for individual countries?

Second, we consider the depth of the decline in economic activity.

Recall that our definition includes the phrase, “a significant decline in activity.” Isn’t a recession a period of diminished economic activity?

More information about this methodological change is available here.

Findings Methodology Data sources FAQs The CEPR Euro Area Business Cycle Dating Committee, which is composed of nine CEPR researchers, establishes the chronology of recessions and expansions of the eleven-original euro-area member countries plus Greece for 1970-1998, and of the entire euro area from 1999 onwards.

The Committee released its new findings in August 2017.

Answers to some frequently asked questions can be found here.

See Methodology Does CEPR use a different approach to NBER?

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