Economic Cycle Research Institute - futures io
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Economic Cycle Research Institute

The Economic Cycle Research Institute (ECRI) based in New York, is an independent institute formed in 1996 by Geoffrey H. Moore, Anirvan Banerji and Lakshman Achuthan.

ECRI’s mission to preserve and advance the tradition of business cycle research established by Dr. Moore at the National Bureau of Economic Research (NBER) and Center for International Business Cycle Research (CIBCR).

Before there was a Business Cycle Dating Committee to determine U.S. business cycle dates, Moore determined them on the NBER's behalf from 1949 to 1978, and then served as the committee's senior member until he died in 2000. Using the same approach, ECRI has long determined recession start and end dates for over 20 other countries that are widely accepted by academics and major central banks as the definitive international business cycle chronologies.


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