This work studies Complex Event Recognition (CER) under time constraints regarding its query language, computational models, and streaming evaluation algorithms. We start by introducing an extension of Complex Event Logic (CEL), called timed CEL, with simple time operators. We show that timed CEL aids in modeling CER query languages in practice, serving as a proxy to study the expressive power of such languages under time constraints. For this purpose, we introduce an automata model for studying timed CEL, called timed Complex Event Automata (timed CEA). This model extends the existing CEA model with clocks, combining CEA and timed automata in a single model. We show that timed CEL and timed CEA are equally expressive, giving the first characterization of CER query languages under time constraints. Then, we move towards understanding the efficient evaluation of timed CEA over streams concerning its determinization and efficient algorithms. We present a class of timed CEA that are closed under determinization; furthermore, we show that this class contains swg-queries, an expressive class of CER queries recently introduced by Kleest-Meissner et al. Finally, we present a streaming evaluation algorithm with constant update time and output-linear delay for evaluating deterministic monotonic timed CEA with a single clock, which have only less equal or greater equal comparisons.