The Euro Area Business Cycle Dating Committee is composed of five CEPR researchers. The chair of the Committee is named by the President of CEPR and the chair of the EABCN Scientific Committee, while remaining members are chosen by the President of CEPR, the chair of the Euro Area Business Cycle Dating Committee, and the chair and vice-chair of the EABCN Scientific Committee.

The Committee is currently composed of the following members, with overlapping terms:

Refet Gurkaynak, (Chair, 2023-) 2012- , Bilkent University and CEPR Evi Pappa, (Vice-Chair, 2023-) 2019-, Universidad Carlos III de Madrid and CEPR Antonella Trigari, 2019-, Bocconi University and CEPR John Fernald, 2019-, INSEAD, Federal Reserve Bank of San Francisco and CEPR Silvana Tenreyro, 2023-, Bank of England, London School of Economics and CEPR

Professor Refet Gürkaynak

Refet S. Gürkaynak is Professor of Economics at Bilkent University and a Research Fellow of the Center for Economic Policy Research, where he is the director of the Monetary Economic and Fluctuations Program. He has a BA from Bilkent and a PhD from Princeton Universities, both in Economics. Prior to his current position he was an Economist at the Monetary Affairs Division of the Federal Reserve Board. He is a frequent consultant to various central banks. Gürkaynak’s research interests are monetary economics, financial markets and international economics. In particular, he has worked on extracting information from asset prices that help answer monetary policy related questions. His research along these lines has been published in journals such as Journal of Monetary Economics, Review of Economics and Statistics and American Economic Review. Gürkaynak has been the recipient of awards from the Central Bank of Turkey, the European Central Bank and the Turkish Academy of Sciences as well as an ERC Grant.

Professor Evi Pappa

Evi Pappa is currently a Full Professor at Universidad Carlos III de Madrid. She has also held positions at the European University Institute, Universitat Autònoma de Barcelona, the University of Bern, Bocconi University, and the London School of Economics. She is a Research Affiliate at CEPR (International Macroeconomics Program) and an Associate Editor for the Economic Journal.  Her research focuses on monetary economics and fiscal policy in close and open economies. More info can be found in her personal webpage:

Professor Antonella Trigari

I am a Professor of Economics at Bocconi University. I earned a PhD in Economics at New York University. I am a Fellow of the European Economic Association (EEA), a Research Fellow at the Center for Economic Policy Research (CEPR), a Research Fellow at the Innocenzo Gasparini Institute for Economic Research (IGIER) and a Research Fellow at the Baffi Carefin Centre. I am member of the Euro Area Business Cycle Dating Committee (EABCN). I have served as Associate Editor of the Journal of Monetary Economics. I am also the Director of the MSc in Economic and Social Sciences (ESS) at Bocconi.

Professor John Fernald

John Fernald is the Schroders Chaired Professor of European Competitiveness and Reform and a professor of economics at INSEAD. He is also a senior research adviser for international economics at the Federal Reserve Bank of San Francisco (on leave after August 2017). At INSEAD, Mr. Fernald teaches the macroeconomics core course in the MBA program and presents on the global macroeconomic environment for executives. At the San Francisco Fed, Mr. Fernald previously served as vice president and team leader for the macroeconomics research group. Among his responsibilities at the Fed, Mr. Fernald advised the Bank President on monetary policy and regularly attended meetings of the Federal Open Market Committee. Mr. Fernald has also served at the Federal Reserve Bank of Chicago, the Board of Governors of the Federal Reserve System (where he was the desk officer for China, Hong Kong, and Taiwan), and as senior economist for international economics at the U.S. President’s Council of Economic Advisers. He has taught macroeconomics at the University of Michigan and the University of Chicago’s Booth School of Business as well as at INSEAD Business School. He speaks frequently at central banks, international institutions, business organizations, and academic conferences around the world. Mr. Fernald received A.B. and PhD degrees in economics from Harvard University and an M.Sc. degree in economics from the London School of Economics. His research has been published in journals such as the Journal of Political Economy, American Economic Review, Journal of Monetary Economics, and European Economic Review.

Professor Silvana Tenreyro

Silvana Tenreyro, CBE, is Professor of Economics at the London School of Economics, Fellow of the British Academy and Fellow of the Econometric Society. She is a former External Member of the Bank of England’s Monetary Policy Committee, and former President of the European Economic Association (EEA). Currently, she serves as Director of the CEPR International Finance and Macroeconomics Programme and as member of the External Advisory Group of the IMF. She obtained her MA and PhD in Economics from Harvard University and her undergraduate degree from Universidad Nacional de Tucuman, in Argentina. She is the recipient of the 2022 Birgit Grodal Award, the 2021 Yrjö Jahnsson Award, the 2021 Banque de France and Toulouse School of Economics Junior Prize in Monetary Economics and Finance, and the 2018 Carl Menger Prize in Monetary Macroeconomics. In 2023 she was made Commander of the British Empire. She holds an Honorary Doctorate from the University of St Gallen. In the past, Silvana also worked at the Federal Reserve Bank of Boston and served as External Member of the Monetary Policy Committee of the Bank of Mauritius. She was co-Director and Board member of the Review of Economic Studies, Chair of the Women’s Committee of the Royal Economics Society, Chair of the EEA’s Women in Economics Committee, Member at Large of the EEA, Director of the Macroeconomics Programme at the International Growth Centre, Associate Editor at the Quarterly Journal of Economics, JEEA, the Journal of Monetary Economics, Economica, and the Economic Journal and served as panel member for Economic Policy. Her main research interests are macroeconomics – particularly monetary policy – international economics and macro-development.

The Committee’s research assistants are:

Senem Turan

EABCN research assistant

Mr. Mahmut Sefa İpek