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The CEPR Committee’s task is significantly different from that of the NBER.
Business Cycles Within the NBER, the Business Cycle Dating Committee plays the key role in determining business cycle dates.
The committee is comprised of a small group of leading business cycle experts. business cycles dating back to the mid-1800s is available on the NBER web site.
The committee generally also studies another monthly indicator of economy-wide activity, personal income less transfer payments, in real terms, adjusted for price changes.
In addition, the committee refers to two indicators with coverage of manufacturing and goods: (1) the volume of sales of the manufacturing and trade sectors stated in real terms, adjusted for price changes, and (2) industrial production.
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