Dating COVID-Induced Recession in the U.S.
Haixi Li & Xuguang Simon Sheng (2020): Dating COVID-Induced Recession in the U.S., Applied Economics Letters, DOI: 10.1080/13504851.2020.1852163
9 Pages Posted: 21 May 2020 Last revised: 31 Dec 2020
Date Written: May 20, 2020
The COVID-induced recession began in March 2020 for the United States. We identify this turning point by applying a Bayesian sequential quickest detection method to a real-time index of economic activity. Supporting evidence is also found from macroeconomic data releases and stock markets.
Keywords: Big Data, COVID-19, Coronavirus, Turning Points
JEL Classification: E32
Suggested Citation: Suggested Citation