Tracking the COVID-19 Crisis with High Resolution Transacion Data

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (115 download)

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Book Synopsis Tracking the COVID-19 Crisis with High Resolution Transacion Data by : Vasco M. Carvalho

Download or read book Tracking the COVID-19 Crisis with High Resolution Transacion Data written by Vasco M. Carvalho and published by . This book was released on 2020 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: We exploit high-frequency/high-resolution transaction data from BBVA, the second-largest bank in Spain, to analyse the dynamics of expenditure in Spain during the ongoing COVID-19 pandemic. Our main dataset consists of the universe of BBVA-mediated sales transactions from both credit cards and point-of-sales terminals, and totals 1.4 billion individual transactions since 2019. This dataset provides a unique opportunity to study the impact of the ongoing crisis in Spain -- and the policies put in place to control it -- on a daily basis. We find little shift in expenditure prior to the national lockdown, but then immediate, very large, and sustained expenditure reductions thereafter. Transaction metadata also allows us to study variation in these reductions across geography, sectors, and mode of sale (e.g. online/offline). We conclude that transaction data captures many salient patterns in how an economy reacts to shocks in real time, which makes its potential value to policy makers and researchers high.

Tracking the COVID-19 Crisis with High-resolution Transaction Data

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (131 download)

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Book Synopsis Tracking the COVID-19 Crisis with High-resolution Transaction Data by : Vasco M. Carvalho

Download or read book Tracking the COVID-19 Crisis with High-resolution Transaction Data written by Vasco M. Carvalho and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Show Me the Money: Tracking Consumer Spending with Daily Card Transaction Data During the Pandemic

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Show Me the Money: Tracking Consumer Spending with Daily Card Transaction Data During the Pandemic by : Mr. Serhan Cevik

Download or read book Show Me the Money: Tracking Consumer Spending with Daily Card Transaction Data During the Pandemic written by Mr. Serhan Cevik and published by International Monetary Fund. This book was released on 2022-12-02 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has been an unprecedented shock to economic activity with abrupt and unexpected changes in household consumption behavior. This paper investigates how the spread of the pandemic and government interventions have affected consumer spending using daily card transaction data in the Baltics. The analysis shows significant effects on the amount and composition of debit and credit card transactions. First, the number of new COVID-19 infections or deaths has a strongly negative effect. Second, while public health measures designed to contain the spread of the pandemic has a negative effect, economic support measures designed to assist businesses and households have a stimulative effect. Third, there is heterogeneity across spending categories, but the drop is mostly concentrated in sectors that are restricted by lockdowns and the risk of infection. Fourth, the impact of government interventions, especially in terms of stimulating consumer spending, appears to be more pronounced on goods than services.

Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database by : Mr. Divya Kirti

Download or read book Tracking Economic and Financial Policies During COVID-19: An Announcement-Level Database written by Mr. Divya Kirti and published by International Monetary Fund. This book was released on 2022-06-03 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce a new comprehensive announcement-level database tracking the extraordinary fiscal, monetary, prudential, and other policies that countries adopted in response to Covid-19. The database provides detailed information, including sizes where available, for 28 granular policies adopted by 74 countries during 2020. About 5,500 policy measures were announced during this period. Importantly, the database is organized and presented in a format easy for researchers to use in empirical analyses. Announcements were highly correlated across the broad fiscal, monetary, and prudential categories and at more granular levels. Advanced economies (AEs) introduced larger fiscal measures than emerging and developing economies (EMDEs) and relied primarily on large unconventional monetary policies. Bank capital requirements were relaxed widely in both AEs and EMs, while relaxation of provisioning requirements was more common among EMs. Supervisory expectations and reporting requirements were widely relaxed.

Consumer Responses to the COVID-19 Crisis

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Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis Consumer Responses to the COVID-19 Crisis by : Asger Andersen

Download or read book Consumer Responses to the COVID-19 Crisis written by Asger Andersen and published by . This book was released on 2020 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses transaction-level customer data from the largest bank in Denmark to estimate the change in consumer spending caused by the COVID-19 pandemic and the resulting shutdown of the Danish economy. We find that aggregate spending was on average 27% below the counterfactual level without the pandemic in the seven weeks following the shutdown. The spending drop was mostly concentrated on goods and services whose supply was directly restricted by the shutdown, suggesting a limited role for spillovers to non-restricted sectors through demand in the short term. The spending drop was larger for individuals with more ex ante exposure to the adverse consequences of the crisis in the form of job loss, wealth destruction, severe disease and disrupted consumption patterns and, most notably, for individuals with an ex post realization of crisis-related unemployment.

The Economic and Financial Impacts of the COVID-19 Crisis Around the World

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Publisher : Elsevier
ISBN 13 : 044315273X
Total Pages : 522 pages
Book Rating : 4.4/5 (431 download)

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Book Synopsis The Economic and Financial Impacts of the COVID-19 Crisis Around the World by : Allen N. Berger

Download or read book The Economic and Financial Impacts of the COVID-19 Crisis Around the World written by Allen N. Berger and published by Elsevier. This book was released on 2023-09-05 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic and Financial Impacts of the COVID-19 Crisis Around the World: Expect the Unexpected provides an informed, research-based in-depth understanding of the COVID-19 crisis, its impacts on households, nonfinancial firms, banks, and financial market participants, and the effectiveness of the reactions of governments and policymakers in the United States and around the world. It provides reflections and perspectives on the social costs and benefits of various policies undertaken and a toolkit of preventive measures to deal with crises beyond the COVID-19 crisis. Authors Allen N. Berger, Mustafa U. Karakaplan, and Raluca A. Roman apply their expertise to the research and data on the COVID-19 economic crisis as well as draw on their own rich research experience. They take a holistic approach that compares and contrasts this crisis with other economic and financial crises and assesses economic and financial behavior and government policies in the booms before crises and the aftermaths following them, as well as the crises themselves. They do all this with a keen eye on “Expecting the Unexpected future crises, and policies that might anticipate them and provide better outcomes for society. Serves as a compendium of available research and data on COVID-19, policies in response to the pandemic, and its effects on the real economy, banking sector, and financial markets Contextualizes the COVID-19 economic crisis by comparing it to two other global crises from the past: the Crash of 1929 and the Global Financial Crisis of 2007–2009 Helps illustrate how crises that originate in financial markets and in the banking sector differ from each other as well as from the COVID-19 crisis that harmed the real economy first Compares the policies and outcomes of nations to the COVID-19 pandemic and assesses their costs and benefits, with potential implications for prospective future crises

Consumption in the Time of Covid-19

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (117 download)

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Book Synopsis Consumption in the Time of Covid-19 by : Sinem Hacıoğlu

Download or read book Consumption in the Time of Covid-19 written by Sinem Hacıoğlu and published by . This book was released on 2020 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using transaction data from a large Fintech company, we document a decline of 40% to 50% in the spending of British households during the Covid-19 crisis. The fall is concentrated in services such as retail, restaurants and transportation. The initial rise in on-line shopping and groceries purchases has been subsequently reverted. Income reductions have become far more frequent, with a median decline around 30%. The share of borrowers facing financing issues has increased significantly for both secured and unsecured lending. Consumption and income inequality have surged, with the most economically vulnerable groups experiencing the largest percentage decline. Mortgagors and higher earners in London record the most sizable pound change.

Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States

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Publisher :
ISBN 13 : 9781513549644
Total Pages : 25 pages
Book Rating : 4.5/5 (496 download)

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Book Synopsis Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States by : Sophia Chen

Download or read book Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States written by Sophia Chen and published by . This book was released on 2020-07-10 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states that experienced larger outbreaks also suffered larger economic losses. We also find that the heterogeneous impact of COVID-19 is mostly captured by observed changes in people's mobility, while, so far, there is no robust evidence supporting additional impact from the adoption of non-pharmaceutical interventions. The deterioration of economic conditions preceded the introduction of these policies and a gradual recovery also started before formal reopening, highlighting the importance of voluntary social distancing, communication, and trust-building measures.

Computational Science – ICCS 2022

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Publisher : Springer Nature
ISBN 13 : 3031087518
Total Pages : 797 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Computational Science – ICCS 2022 by : Derek Groen

Download or read book Computational Science – ICCS 2022 written by Derek Groen and published by Springer Nature. This book was released on 2022-06-21 with total page 797 pages. Available in PDF, EPUB and Kindle. Book excerpt: The four-volume set LNCS 13350, 13351, 13352, and 13353 constitutes the proceedings of the 22ndt International Conference on Computational Science, ICCS 2022, held in London, UK, in June 2022.* The total of 175 full papers and 78 short papers presented in this book set were carefully reviewed and selected from 474 submissions. 169 full and 36 short papers were accepted to the main track; 120 full and 42 short papers were accepted to the workshops/ thematic tracks. *The conference was held in a hybrid format

The Effects of COVID-19 Vaccines on Economic Activity

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Publisher : International Monetary Fund
ISBN 13 : 1589063767
Total Pages : 47 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis The Effects of COVID-19 Vaccines on Economic Activity by : Mr. Pragyan Deb

Download or read book The Effects of COVID-19 Vaccines on Economic Activity written by Mr. Pragyan Deb and published by International Monetary Fund. This book was released on 2021-10-19 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically examines the economic effects of COVID-19 vaccine rollouts using a cross-country daily database of vaccinations and high frequency indicators of economic activity—nitrogen dioxide (NO2) emissions, carbon monoxide (CO) emissions, and Google mobility indices—for a sample of 46 countries over the period December 16, 2020 to June 20, 2021. Using surprises in vaccines administered, we find that an unexpected increase in vaccination per capita is associated with a significant increase in economic activity. We also find evidence for non-linear effects of vaccines, with the marginal economic benefits being larger when vaccination rates are higher. Country-specific conditions play an important role, with lower economic gains if strict containment measures are in place or if the country is experiencing a severe outbreak. Finally, the results provide evidence of spillovers across borders, highlighting the importance of equitable access to vaccines across nations.

The Post-Pandemic Business Playbook

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Publisher : Springer Nature
ISBN 13 : 9811658684
Total Pages : 234 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis The Post-Pandemic Business Playbook by : Ofer Mintz

Download or read book The Post-Pandemic Business Playbook written by Ofer Mintz and published by Springer Nature. This book was released on 2022-02-12 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 forced a dramatic change to customer behavior that resulted in an economic crisis not witnessed by anyone alive. Businesses can no longer operate as before because their customers are no longer operating as before. This book provides customer-centric based guidance for how businesses should adapt to this new reality, deriving insights from academic research, case studies, interviews, and best practice examples from around the world. As validated by hundreds of top-level executives, its readers will gain a better understanding of why customer behavior has changed so they can use the book’s solutions to navigate through and succeed in the post COVID-19 future.

International Trade Spillovers from Domestic COVID-19 Lockdowns

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis International Trade Spillovers from Domestic COVID-19 Lockdowns by : Mr. Shekhar Aiyar

Download or read book International Trade Spillovers from Domestic COVID-19 Lockdowns written by Mr. Shekhar Aiyar and published by International Monetary Fund. This book was released on 2022-06-17 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: While standard demand factors perform well in predicting historical trade patterns, they fail conspicuously in 2020, when pandemic-specific factors played a key role above and beyond demand. Prediction errors from a multilateral import demand model in 2020 vary systematically with the health preparedness of trade partners, suggesting that pandemic-response policies have international spillovers. Bilateral product-level data covering about 95 percent of global goods trade reveals sizable negative international spillovers to trade from supply disruptions due to domestic lockdowns. These international spillovers accounted for up to 60 percent of the observed decline in trade in the early phase of the pandemic, but their effect was shortlived, concentrated among goods produced in key global value chains, and mitigated by the availability of remote working and the size of the fiscal response to the pandemic.

How Did COVID-19 and Stabilization Policies Affect Spending and Employment?

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (116 download)

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Book Synopsis How Did COVID-19 and Stabilization Policies Affect Spending and Employment? by : Raj Chetty

Download or read book How Did COVID-19 and Stabilization Policies Affect Spending and Employment? written by Raj Chetty and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: We build a publicly available platform that tracks economic activity at a granular level in real time using anonymized data from private companies. We report daily statistics on consumer spending, business revenues, employment rates, and other key indicators disaggregated by county, industry, and income group. Using these data, we study the mechanisms through which COVID-19 affected the economy by analyzing heterogeneity in its impacts across geographic areas and income groups. We first show that high-income individuals reduced spending sharply in mid-March 2020, particularly in areas with high rates of COVID-19 infection and in sectors that require physical interaction. This reduction in spending greatly reduced the revenues of businesses that cater to high-income households in person, notably small businesses in affluent ZIP codes. These businesses laid o↵ most of their low-income employees, leading to a surge in unemployment claims in affluent areas. Building on this diagnostic analysis, we use event study designs to estimate the causal effects of policies aimed at mitigating the adverse impacts of COVID. State-ordered reopenings of economies have little impact on local employment. Stimulus payments to low-income households increased consumer spending sharply, but had modest impacts on employment in the short run, perhaps because very little of the increased spending flowed to businesses most affected by the COVID-19 shock. Paycheck Protection Program loans have also had little impact on employment at small businesses. These results suggest that traditional macroeconomic tools - stimulating aggregate demand or providing liquidity to businesses - may have diminished capacity to restore employment when consumer spending is constrained by health concerns. During a pandemic, it may be more fruitful to mitigate economic hardship through social insurance. More broadly, this analysis illustrates how real-time economic tracking using private sector data can help rapidly identify the origins of economic crises and facilitate ongoing evaluation of policy impacts

Intelligent Data Analysis for COVID-19 Pandemic

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Publisher : Springer
ISBN 13 : 9789811615764
Total Pages : 370 pages
Book Rating : 4.6/5 (157 download)

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Book Synopsis Intelligent Data Analysis for COVID-19 Pandemic by : M. Niranjanamurthy

Download or read book Intelligent Data Analysis for COVID-19 Pandemic written by M. Niranjanamurthy and published by Springer. This book was released on 2022-06-24 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents intelligent data analysis as a tool to fight against COVID-19 pandemic. The intelligent data analysis includes machine learning, natural language processing, and computer vision applications to teach computers to use big data-based models for pattern recognition, explanation, and prediction. These functions are discussed in detail in the book to recognize (diagnose), predict, and explain (treat) COVID-19 infections, and help manage socio-economic impacts. It also discusses primary warnings and alerts; tracking and prediction; data dashboards; diagnosis and prognosis; treatments and cures; and social control by the use of intelligent data analysis. It provides analysis reports, solutions using real-time data, and solution through web applications details.

The New Digital Era

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Publisher : Emerald Group Publishing
ISBN 13 : 1803829796
Total Pages : 360 pages
Book Rating : 4.8/5 (38 download)

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Book Synopsis The New Digital Era by : Simon Grima

Download or read book The New Digital Era written by Simon Grima and published by Emerald Group Publishing. This book was released on 2022-09-15 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Digital Era's two volumes highlight the new social and economic policies that are needed to balance the effects on social and economic life and prevent possible conflicts between individuals and societies in the wake of the COVID-19 pandemic and digitalisation.

Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development

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Publisher : IGI Global
ISBN 13 : 1668451107
Total Pages : 405 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development by : Popescu, Cristina Raluca Gh.

Download or read book Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development written by Popescu, Cristina Raluca Gh. and published by IGI Global. This book was released on 2022-06-17 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Knowledge and information have significant impacts on individuals’ daily lives and activities, especially when referring to the new economy and the global knowledge societies. However, the COVID-19 pandemic has caused massive disruptions in the creation of the vital inclusive global information society. Due to this change, further study on the current difficulties and best practices of creating global knowledge societies is required in order to ensure communities can continue to advance and information is shared appropriately. The Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development aims at providing an updated view of the newest trends, novel practices, and latest tendencies concerning building inclusive global knowledge societies for sustainable development while focusing on the benefits and the opportunities derived from the new economy and the global knowledge societies. Covering topics such as smart cities, food security, and climate change, this major reference work is ideal for policymakers, government officials, business owners, managers, academicians, scholars, researchers, practitioners, instructors, and students.

Handbook of Computational Social Science for Policy

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Publisher : Springer Nature
ISBN 13 : 3031166248
Total Pages : 497 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Handbook of Computational Social Science for Policy by : Eleonora Bertoni

Download or read book Handbook of Computational Social Science for Policy written by Eleonora Bertoni and published by Springer Nature. This book was released on 2023-01-23 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access handbook describes foundational issues, methodological approaches and examples on how to analyse and model data using Computational Social Science (CSS) for policy support. Up to now, CSS studies have mostly developed on a small, proof-of concept, scale that prevented from unleashing its potential to provide systematic impact to the policy cycle, as well as from improving the understanding of societal problems to the definition, assessment, evaluation, and monitoring of policies. The aim of this handbook is to fill this gap by exploring ways to analyse and model data for policy support, and to advocate the adoption of CSS solutions for policy by raising awareness of existing implementations of CSS in policy-relevant fields. To this end, the book explores applications of computational methods and approaches like big data, machine learning, statistical learning, sentiment analysis, text mining, systems modelling, and network analysis to different problems in the social sciences. The book is structured into three Parts: the first chapters on foundational issues open with an exposition and description of key policymaking areas where CSS can provide insights and information. In detail, the chapters cover public policy, governance, data justice and other ethical issues. Part two consists of chapters on methodological aspects dealing with issues such as the modelling of complexity, natural language processing, validity and lack of data, and innovation in official statistics. Finally, Part three describes the application of computational methods, challenges and opportunities in various social science areas, including economics, sociology, demography, migration, climate change, epidemiology, geography, and disaster management. The target audience of the book spans from the scientific community engaged in CSS research to policymakers interested in evidence-informed policy interventions, but also includes private companies holding data that can be used to study social sciences and are interested in achieving a policy impact.