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A daily fever curve for the Swiss economy

Marc Burri () and Daniel Kaufmann ()
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Marc Burri: Institute of Economic Research, University of Neuchâtel

Swiss Journal of Economics and Statistics, 2020, vol. 156, issue 1, 1-11

Abstract: Abstract Because macroeconomic data is published with a substantial delay, assessing the health of the economy during the rapidly evolving COVID-19 crisis is challenging. We develop a fever curve for the Swiss economy using publicly available daily financial market and news data. The indicator can be computed with a delay of 1 day. Moreover, it is highly correlated with macroeconomic data and survey indicators of Swiss economic activity. Therefore, it provides timely and reliable warning signals if the health of the economy takes a turn for the worse.

Keywords: COVID-19; Composite leading indicator; Financial market data; News sentiment; Switzerland (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1186/s41937-020-00051-z

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