21 de Janeiro de 2021, 12:00
21 de Janeiro de 2021, 13:00
Online - Aplicação Microsoft Teams
"THE DEI: TRACKING ECONOMIC ACTIVITY DAILY DURING THE LOCKDOWN"
outbreak has spread worldwide causing unprecedented disruptions
in the economies. These unparalleled changes in economic
conditions made clear the urgent need to depart from traditional
statistics to inform policy responses. Hence, the interest in
tracking economic activity in a timely manner has led economic
agents to rely on high-frequency data as traditional statistics
are released with a lag and available at a lower frequency.
Naturally, taking on board such a novel data involves addressing
some of the complexities of high frequency data (e.g. marked
seasonal patterns or calendar effects). Herein, we propose a
daily economic indicator (DEI), which can be used to assess the
behavior of economic activity during the lockdown period in Portugal.
António Rua is a Senior Economist of the Economics and
Research Department of the Banco de Portugal where he has been
working since 1999. He is also Associate Professor (Visiting) at
Nova School of Business and Economics where he has taught
Econometrics and Statistics. He has published a number of
peer-reviewed articles in several internationally renowned
scientific journals, including Journal of Business and Economic
Statistics, European Economic Review, Journal of Money, Credit
and Banking, International Journal of Forecasting, Journal of
Forecasting and Oxford Bulletin of Economics and Statistics. He
is also the author of various articles in several publications
issued by Banco de Portugal.
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