The partial shutdown of the economy following the outbreak of the COVID-19 pandemic has highlighted the lack of measurements of economic activity that are available with a short lag and at high frequency. The consumption of electricity turns out to be a valuable proxy, if it is corrected for influences from calendar and weather. Indeed, this proxy suggests that we are currently facing one of the deepest recessions ever.
All Keywords
【저자키워드】 COVID-19, electricity, Seasonal adjustment, Weather data, C50, E01, 【초록키워드】 COVID-19 pandemic, outbreak, Frequency, lack, turn, influence,
【저자키워드】 COVID-19, electricity, Seasonal adjustment, Weather data, C50, E01, 【초록키워드】 COVID-19 pandemic, outbreak, Frequency, lack, turn, influence,