For details of the data used by the Committee, click here.Answers to some frequently asked questions can be found here.
As another example, the Committee did not declare a recession for 2001 or 2003, even though the data at the time appeared to show a decline in economic activity (though not for two quarters).
Subsequent data revisions have erased these declines.
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 euro area as a whole from 1999 onwards.
The Committee released its new findings on 1 October 2015.
Although subject to a common monetary policy since 1999, they even now have heterogeneous institutions and policies.
Moreover, European statistics are of uneven quality, long time series are not available, and data definitions differ across countries and sources.
CAMBRIDGE, July 27 -- The Committee on Business Cycle Dating of the NBER met on July 26 to reviews the evidence about the current state of the U. The Committee met in response to growing evidence that the economy may have reached a cyclical peak in recent months and entered a recession at that point.
The Committee is responsible for maintaining the NBER's chronology of U. business cycles, which is widely used among economic and business analysts.
See Methodology Does CEPR use a different approach to NBER?
See The CEPR and NBER Approaches What data does the Committee use?
Why doesn’t the Committee accept the two-quarter definition?