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Blending data to understand the economic impact of COVID-19

Author

Listed:
  • Scott A. Brave

    (Federal Reserve Bank of Chicago)

  • Rebecca Hutchinson

    (US Census Bureau)

  • Christopher J. Kurz

    (Board of Governors of the Federal Reserve System)

  • Michael Stepner

    (University of Toronto)

  • Ron Jarmin

    (US Census Bureau)

Abstract

The data demands during the pandemic heightened the need to blend information from numerous sources to get a more timely and granular picture of economic developments. Ongoing efforts include the Chicago Fed’s weekly retail sales estimate, the Census Bureau’s work on higher-frequency state-level retail sales data, the Federal Reserve Board’s computations of business closures and weekly payrolls, and the academic Opportunity Insights team’s estimates of spending, business revenues and employment by income and ZIP code.

Suggested Citation

  • Scott A. Brave & Rebecca Hutchinson & Christopher J. Kurz & Michael Stepner & Ron Jarmin, 2022. "Blending data to understand the economic impact of COVID-19," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 57(2), pages 64-77, April.
    • Handle: RePEc:pal:buseco:v:57:y:2022:i:2:d:10.1057_s11369-021-00250-3
    DOI: 10.1057/s11369-021-00250-3
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