A daily fever curve for the Swiss economy
Publisher
Neuchâtel Université de Neuchâtel Institut de recherches économiques
Date issued
2020
Number of pages
26
Subjects
Covid-19 Leading indicator Financial market data News sentiment Forecasting Switzerland
Abstract
Because macroeconomic data is published with a substantial delay, assessing the health of the economy during the rapidly evolving Covid-19 crisis is challenging. We develop a fever curve for the Swiss economy using publicly available daily financial market and news data. The indicator can be computed with a delay of one day. Moreover, it is highly correlated with macroeconomic data and survey indicators of Swiss economic activity. Therefore, it provides timely and reliable warning signals if the health of the economy takes a turn for the worse.
Notes
Working Paper
Publication type
working paper
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