We build a publicly available database that tracks economic activity in the United States at a
granular level in real time using anonymized data from private companies. We report weekly …

This paper provides a comprehensive assessment of financial intermediation and the
economic effects of the Paycheck Protection Program (PPP), a large and novel small …

In this paper, we use transaction‐level bank account data from Denmark to study the
dynamics of consumer spending during the COVID‐19 pandemic. We document that …

The growth of the availability and use of detailed household financial transaction micro data
has dramatically expanded the ability of researchers to understand both household decision …

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 …

Using a large-scale survey of US consumers, we study how the large one-time transfers to
individuals from the CARES Act affected their consumption, saving and labor-supply …

We provide a quantitative analysis of the trade-offs between health outcomes and the
distribution of economic outcomes associated with alternative policy responses to the …

We analyze the supply-side disruptions associated with COVID-19. We find that sectors in
which a higher fraction of the workforce is not able to work remotely experienced greater …

Scientific evidence regularly guides policy decisions, with behavioural science increasingly
part of this process. In April 2020, an influential paper proposed 19 policy recommendations …

In this paper I discuss the increasingly prominent role of administrative micro data in
macroeconomics research. This type of data proved important for interpreting the causes …