Research paper about economic indicators
From: Shah K.
Category: thesis publication
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Essay, Research Paper: Economic Indicators
Economic Indicators Paper - Words | Bartleby
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National Bureau of Economic Research
Assessing the economic impact of the COVID pandemic is essential for policymakers, but challenging because the crisis has unfolded with extreme speed. We identify three indicators — stock market volatility, newspaper-based economic uncertainty, and subjective uncertainty in business expectation surveys — that provide real-time forward-looking uncertainty measures. We use these indicators to document and quantify the enormous increase in economic uncertainty in the past several weeks. We also illustrate how these forward-looking measures can be used to assess the macroeconomic impact of the COVID crisis. Specifically, we feed COVID-induced first-moment and uncertainty shocks into an estimated model of disaster effects developed by Baker, Bloom and Terry
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