Using input-output methods and high frequency indicators in assessment of GDP in 2020

Economic Memo – July 2020 – No. 12

Authors Schmith, Adrian Michael Bay; Werner, Morten; Sørensen, Rasmus Rold
Subject Current economic and monetary trends; Other economic analyses; Economic activity and employment
Type Economic Memo
Year 2020
Published 6 July 2020
The memo gives a technical summary of a system developed and used in Danmarks Nationalbank's assessment of the economic impact of the covid-19 crisis. The system combines input-output tables from the national accounts, the input-output model and Danmarks Nationalbank's high-frequency indicators. This allows for a high degree of details with regard to industries and final demands combined with high frequencies indicators for subgroups of private consumption possibly of daily frequencies. (Memo available in Danish only)