Related Reading on the WEI
- “High-Frequency Data and a Weekly Economic Index during the Pandemic,” Daniel J. Lewis, Karel Mertens, James H. Stock and Mihir Trivedi, AEA Papers and Proceedings vol. 111, May 2021, pp. 326-30.
- “U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak,” Daniel J. Lewis, Karel Mertens and James H. Stock, Federal Reserve Bank of Dallas, Research Department Working Paper No. 2011, April 2020.
- “COVID-19: Forecasting with Slow and Fast Data,” Michael McCracken, Federal Reserve Bank of St. Louis On the Economy (blog), April 3, 2020.
- “Monitoring Real Activity in Real Time: The Weekly Economic Index,” Daniel Lewis, Karel Mertens and James Stock, Liberty Street Economics, March 30, 2020.
- “Economic Activity During the Government Shutdown and Debt Limit Brinkmanship,” Council of Economic Advisers, Report of the Executive Office of the President, October, 2013.
- “Real-Time Measurement of Business Conditions,” S. Borağan Aruoba, Francis X. Diebold and Chiara Scotti, Journal of Business and Economic Statistics vol. 27, no. 4, October 2009, pp. 417–27.
- “Forecasting Using Principal Components from a Large Number of Predictors,” James H. Stock and Mark W. Watson, Journal of the American Statistical Association vol. 97, no. 460, December 2002, pp. 1167–79.
The WEI was developed by Daniel J. Lewis, an economist at the Federal Reserve Bank of New York; Karel Mertens, senior economic policy advisor at the Federal Reserve Bank of Dallas; and James H. Stock, professor of economics at Harvard University.