Blacking out.

Lengwiler Y

doi:10.1186/s41937-020-00052-y

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Journal article

Blacking out.

Lengwiler Y University of Basel, Faculty of Business and Economics (WWZ) and Center for Innovative Finance (CIF), CH-4002, Basel, Switzerland.

2020-08-25

Published in:

Swiss journal of economics and statistics. - 2020

English 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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