CEPR Euro Area Business Cycle Dating Committee


The CEPR establishes a chronology of euro area business cycles (grey recession bands). I have been chair of the Committee since 2012.

Official page of the CEPR Euro Area Business Cycle Dating Committee

October 2015 findings of the Committee

Past findings

List of members of the Committee


Comparison of CEPR and NBER approaches

Data sources

Frequently Asked Questions

CEPR recession bands

CEPR recessions (grey bands)


CEPR recession shading for quarters follows the trough method used by FRED to compute NBER recession indicators for the United States. It shows a recession from the period following the peak through the trough (i.e. the peak is not included in the recession shading, but the trough is). See http://research.stlouisfed.org/fred2/series/USREC/downloaddata?cid=32262.


Light reading and listening

Has the Great Recession harmed the long-term growth prospects of the Eurozone economy? (audio), Vox, 20 June 2014

Eurozone mired in recession pause, Vox, 17 June 2014

Eurozone in recession since 3rd quarter 2011 (audio), Vox, 19 November 2012