Blacking out

Yvan Lengwiler

Swiss Journal of Economics and Statistics, 2020, vol. 156, issue 1, 1-10

Abstract: 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.

Keywords: COVID-19; Electricity; Seasonal adjustment; Weather data (search for similar items in EconPapers)
JEL-codes: C50 E01 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1186/s41937-020-00052-y

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