NBER

Daniel Lewis

Federal Reserve Bank of New York
33 Liberty St
New York, NY 10045
Tel: 2127208901

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Federal Reserve Bank of New York

NBER Working Papers and Publications

April 2020U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak
with Karel Mertens, James H. Stock: w26954
This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most recent week ending March 28, the WEI indicates economic activity has fallen further to -6.19% scaled to 4 quarter growth in GDP.

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