The Area Wide Model

The database associated with ECB's Area-Wide Model (AWM) is a standard source for empirical work on euro area. The AWM was decommissioned by the ECB in 2010 and the data stopped being updated in 2019. As of 2025 EABCN had taken over updating this data, through the Euro Area Business Cycle Dating Committee, which uses the data for its analysis, including output gap estimation for euro area. The data and estimates are made available as a service to the profession.

The database will be updated twice a year, in conjunction with the meetings of the EABCDC. The current version of the database is here and the CEPR discussion paper by Mahmut İpek and Burçin Kısacıkoğlu that explains the construction of the data and estimation of output gap measures is here.