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Dating COVID-Induced Recession in the U.S

Haixi Li () and Xuguang Simon Sheng

Applied Economics Letters, 2021, vol. 28, issue 20, 1723-1727

Abstract: The COVID-induced recession began in March 2020 for the United States. We identify this turning point by applying a Bayesian sequential quickest detection method to a real-time index of economic activity. Supporting evidence is also found from macroeconomic data releases and stock markets.

Date: 2021
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DOI: 10.1080/13504851.2020.1852163

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