{"title":"Blacking out.","authors":"Yvan Lengwiler","doi":"10.1186/s41937-020-00052-y","DOIUrl":null,"url":null,"abstract":"<p><p>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.</p>","PeriodicalId":36872,"journal":{"name":"Swiss Journal of Economics and Statistics","volume":"156 1","pages":"7"},"PeriodicalIF":0.0000,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7376327/pdf/","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Swiss Journal of Economics and Statistics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1186/s41937-020-00052-y","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2020/7/23 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"Mathematics","Score":null,"Total":0}
引用次数: 6
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.
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