Lewis, Daniel;
Mertens, Karel;
Stock, James;
(2020)
U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak.
Federal Reserve Bank of Dallas: Dallas, TX, USA.
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Abstract
This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most recent week ending April 4, the WEI indicates economic activity has fallen further to -8.89% scaled to 4-quarter growth in GDP.
| Type: | Working / discussion paper |
|---|---|
| Title: | U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.24149/wp2011 |
| Publisher version: | https://doi.org/10.24149/wp2011 |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Weekly Economic Index, High Frequency, Measurement of Economic Activity |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10160485 |
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