High-Frequency Data and a Weekly Economic Index during the Pandemic

Autor:	Karel Mertens, Daniel J. Lewis, Mihir Trivedi, James H. Stock
Rok vydání:	2021
Předmět:	Credit card Index (economics) media_common.quotation_subject Pandemic Econometrics Economics Frequency data General Medicine Recession media_common
Zdroj:	AEA Papers and Proceedings. 111:326-330
ISSN:	2574-0776 2574-0768
Popis:	This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the onset of and policy response to the novel coronavirus in the United States. The WEI, with its ten component series, tracks the overall economy. Comparing the contributions of the WEI's components in the 2008 and 2020 recessions reveals differences in how the two events played out at a high frequency. During the 2020 collapse and recovery, it provides a benchmark to interpret similarities and differences of novel indicators with shorter samples and/or nonstationary coverage, such as mobility indexes or credit card spending.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::69d77574b5287d20093978834d2fdc12 https://doi.org/10.1257/pandp.20211050 Zobrazit plný text záznamu Plný text ve formátu PDF