ArticleRoyal Society open science2021
Tracking the COVID-19 crisis with high-resolution transaction data.
Article in Royal Society open science, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 53 papers.
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Who cites it
53 citing papers in PubMed.
- Consumption Expenditures in Austria & Germany: New Evidence based on Transactional Data.German economic review · 2026Article
- Analyzing the impact of COVID-19 on consumption behaviors through recession and recovery patterns.Scientific reports · 2024Article
- Predicting economic resilience of territories in Italy during the COVID-19 first lockdown.Expert systems with applications · 2023Article
- The COVID-19 shock and consumer credit: Evidence from credit card data.Journal of banking & finance · 2023Article
- Means-tested COVID-19 stimulus payment and consumer spending: Evidence from card transaction data in South Korea.Economic analysis and policy · 2023Article
- Circulation of a digital community currency.Scientific reports · 2023Article
- The impact of COVID-19 infection on labor outcomes of Mexican formal workers.World development perspectives · 2023Article
- Consumer mobility and expenditure during the COVID-19 containments: Evidence from French transaction data.European economic review · 2023Article
- Monitoring consumption Switzerland: data, background, and use cases.Swiss journal of economics and statistics · 2023Article
- The response of household debt to COVID-19 using a neural networks VAR in OECD.Empirical economics · 2022Article
- Big data forecasting of South African inflation.Empirical economics · 2022Article
- Business recovery from disasters: Lessons from natural hazards and the COVID-19 pandemic.International journal of disaster risk reduction : IJDRR · 2022Article
- The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis.Journal of macroeconomics · 2022Article
- Using satellite images of nighttime lights to predict the economic impact of COVID-19 in India.Advances in space research : the official journal of the Committee on Space Research (COSPAR) · 2022Article
- The dietary impact of the COVID-19 pandemic.Journal of health economics · 2022Article
- How did consumers react to the COVID-19 pandemic over time?Oxford bulletin of economics and statistics · 2022Article
- Regional and sectorial impacts of the Covid-19 crisis: Evidence from electronic payments.Journal of regional science · 2022Article
- Lockdown, Earnings Losses and Household Asset Buffers in Europe.The Review of income and wealth · 2022Article
- Risky Asset Holdings During Covid-19 and their Distributional Impact: Evidence from Germany.The Review of income and wealth · 2022Article
- Public responses to COVID-19 case disclosure and their spatial implications.Journal of regional science · 2022Article
Corrections and comments
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Authors and funding
7 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
Payments systems generate vast amounts of naturally occurring transaction data rarely used for constructing official statistics. We consider billions of transactions from card data from a large bank, Banco Bilbao Vizcaya Argentaria, as an alternative source of information for measuring consumption. We show, via validation against official consumption measures, that transaction data complements national accounts and consumption surveys. We then analyse the impact of COVID-19 in Spain, and document: (i) strong consumption responses to business closures, but smaller effects for capacity restrictions; (ii) a steeper decline in spending in rich neighbourhoods; (iii) higher mobility for residents of lower-income neighbourhoods, correlating with increased disease incidence.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.