Macroeconomic implications of COVID-19: Can negative supply shocks cause demand shortages?
Motivated by the effects of the COVID-19 pandemic, we present a theory of Keynesian
supply shocks: shocks that reduce potential output in a sector of the economy, but that, by …
supply shocks: shocks that reduce potential output in a sector of the economy, but that, by …
Fear, lockdown, and diversion: Comparing drivers of pandemic economic decline 2020
The collapse of economic activity in 2020 from COVID-19 has been immense. An important
question is how much of that collapse resulted from government-imposed restrictions versus …
question is how much of that collapse resulted from government-imposed restrictions versus …
[BOOK][B] How did COVID-19 and stabilization policies affect spending and employment? A new real-time economic tracker based on private sector data
We build a publicly available platform that tracks economic activity at a granular level in real
time using anonymized data from private companies. We report daily statistics on consumer …
time using anonymized data from private companies. We report daily statistics on consumer …
The economic impacts of COVID-19: Evidence from a new public database built using private sector data
We build a publicly available database that tracks economic activity in the United States at a
granular level in real time using anonymized data from private companies. We report weekly …
granular level in real time using anonymized data from private companies. We report weekly …
[BOOK][B] Covid-19 and SME failures
We estimate the impact of the COVID-19 crisis on business failures among small and
medium size enterprises (SMEs) in seventeen countries using a large representative firm …
medium size enterprises (SMEs) in seventeen countries using a large representative firm …
Fiscal multipliers in the COVID19 recession
In response to the record-breaking COVID19 recession, many governments have adopted
unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting …
unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting …
Did the paycheck protection program hit the target?
This paper provides a comprehensive assessment of financial intermediation and the
economic effects of the Paycheck Protection Program (PPP), a large and novel small …
economic effects of the Paycheck Protection Program (PPP), a large and novel small …
The impact of the COVID-19 pandemic on the demand for density: Evidence from the US housing market
We study the impact of the COVID-19 pandemic on the location demand for housing. We find
that the pandemic has led to a shift in housing demand away from neighborhoods with high …
that the pandemic has led to a shift in housing demand away from neighborhoods with high …
Consumer responses to the COVID‐19 crisis: Evidence from bank account transaction data
AL Andersen, ET Hansen… - The Scandinavian …, 2022 - Wiley Online Library
In this paper, we use transaction‐level bank account data from Denmark to study the
dynamics of consumer spending during the COVID‐19 pandemic. We document that …
dynamics of consumer spending during the COVID‐19 pandemic. We document that …
Tracking the COVID-19 crisis with high-resolution transaction data
Payments systems generate vast amounts of naturally occurring transaction data rarely used
for constructing official statistics. We consider billions of transactions from card data from a …
for constructing official statistics. We consider billions of transactions from card data from a …