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CEPR dates the business cycle for the euro area as a whole and not for any individual country.Although the countries in the euro area have adopted a common monetary policy since 1999, countries have heterogeneous institutions and policies.

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Currently, India relies mostly on individual studies for the dating of business cycles. The working group proposed a standing committee for business cycle analysis.

The Reserve Bank of India (RBI) set up a working group of economic indicators in 2002 and a technical advisory group (TAG) on the development of leading indicators for the Indian economy in 2006, both under the chairmanship of R. Its job was the same as a BCDC, i.e., maintaining historical dating of business cycles.

The committee was created in 1978 and has been chaired by Robert Hall from Stanford University since its inception.

The committee waits long enough so that the existence of a peak or trough is not in doubt and does not follow a fixed time rule.

It analyses and compares the behaviour of key macroeconomic variables such as consumption, investment, unemployment, money supply, inflation, stock prices, etc., which may have different dynamics before, during and after the recession.

It identifies turning points which act as a reference point for the construction of coincident, leading and lagging indicators of the economy.

Their first prototype automobile was produced in 1907 and the next year the company sold 150 automobiles.

By 1909 they were offering a number of motorcycles for sale and in 1910 BSA purchased the British Daimler Company for its automobile engines.

It was founded in 2005 and replicates the experience of the NBER BCDC and CEPR. By maintaining a chronology of business cycles, India will be able to better monitor the economy.

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