| Nº Sistema |
000473175 |
| Autor |
 Baumeister, Christiane |
| Autor |
Leiva-León, Danilo |
|
Sims, Eric |
| Título |
Tracking weekly state-level economic conditions [Recurso electrónico] / Christiane Baumeister, Danilo Leiva-León and Eric Sims. |
| Publicado en |
Review of Economics and Statistics [Artículos], v. 106, n. 2, 2024, p. 483-504 |
| Nota general |
Artículo de revista |
| Resumen |
This paper develops a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of state economies. We find considerable cross-state heterogeneity in the length, depth, and timing of business cycles. We illustrate the usefulness of these state-level indices for quantifying the main contributors to the economic collapse caused by the COVID-19 pandemic and for evaluating the effectiveness of the Paycheck Protection Program. We also propose an aggregate indicator that gauges the overall weakness of the U.S. economy. [Resumen de autor] [eng] |
| Restricciones |
Acceso electrónico RESTRINGIDO por IP a los usuarios de la Biblioteca del Banco de España |
| Acceso electrónico |
 Acceso al texto completo. |
| Relacionado con |
Documentos de Trabajo / Banco de España; 2134 |
| Clasificación |
E5-Fluctuaciones y ciclos económicos. |
|
C41-Modelos econométricos. |
|
C4-Modelización econométrica. |
|
K-Economía regional y recursos naturales. |
| Materia |
Estados Unidos |
