CAFIN and UC Investments Speaker Series: Financial Risks, Innovation and Inclusion in a Post-COVID World
Exiting the Great Recession and entering the Pandemic Recession, we study the high-frequency real-activity signals provided by a leading nowcast, the ADS Index of Business Conditions produced and released in real time by the Federal Reserve Bank of Philadelphia. We track the evolution of real-time vintage beliefs and compare them to a later-vintage chronology. Entering …