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Blacking out

Author

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  • Yvan Lengwiler

    (University of Basel, Faculty of Business and Economics (WWZ) and Center for Innovative Finance (CIF))

Abstract

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.

Suggested Citation

  • Yvan Lengwiler, 2020. "Blacking out," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 156(1), pages 1-10, December.
    • Handle: RePEc:spr:sjecst:v:156:y:2020:i:1:d:10.1186_s41937-020-00052-y
    DOI: 10.1186/s41937-020-00052-y
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    References listed on IDEAS

    as
    1. J. Vernon Henderson & Adam Storeygard & David N. Weil, 2012. "Measuring Economic Growth from Outer Space," American Economic Review, American Economic Association, vol. 102(2), pages 994-1028, April.
    2. Morten O. Ravn & Harald Uhlig, 2002. "On adjusting the Hodrick-Prescott filter for the frequency of observations," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 371-375.
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    1. 19 Tage lang 1. August
      by admin in BATZ.ch on 2020-05-14 13:00:27

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    More about this item

    Keywords

    COVID-19; Electricity; Seasonal adjustment; Weather data;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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