Stock Prices and Economic Activity in the Time of Coronavirus

Stock prices and workplace mobility trace out striking clockwise paths in daily data from mid-February to late May 2020. Global stock prices fell 30% from 17 February to 12 March, before mobility declined. Over the next 11 days, stocks fell another 10 percentage points as mobility dropped 40%. From...

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Veröffentlicht in:IMF economic review 2022-03, Vol.70 (1), p.32-67
Hauptverfasser: Davis, Steven J., Liu, Dingqian, Sheng, Xuguang Simon
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Sprache:eng
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