Electricity Demand as a High-Frequency Economic Indicator: A Case Study of the COVID-19 Pandemic and Hurricane Harvey

Joshua Blonz and Jacob Williams

No 2020-10-21-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Electricity is used by all businesses in the United States. During quickly moving economic shocks—for example, a pandemic or natural disaster—changes in electricity consumption can provide insight to policymakers before traditional survey-based metrics, which can lag weeks or months behind economic conditions and typically only show a snapshot of when the survey was conducted.

Date: 2020-10-21
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-10-21-2

DOI: 10.17016/2380-7172.2781

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