Seismonomics: Listening to the Heartbeat of the Economy
Seismometers continuously record a wide range of ground vibrations that are not necessarily related to earthquake activity, but are rather caused by human activity such as industrial processes and traffic. We isolate the human-made imprints from a huge data set made of nearly 20 years of continuously recorded seismic data in Beijing, China, and construct a new daily indicator, theVibration Index, to forecast regional industrial production. We find that our indicator closely tracks business cycle fluctuations particularly during economic crises. Our results provide policymakers with a new tool to monitor the economy at a highly granular level.
TIOZZO PEZZOLI Luca;
TOSETTI Elisa;
2023-01-11
WILEY
JRC123717
0964-1998 (online),
https://rss.onlinelibrary.wiley.com/doi/abs/10.1111/rssa.12912,
https://publications.jrc.ec.europa.eu/repository/handle/JRC123717,
10.1111/rssa.12912 (online),
Additional supporting files
| File name | Description | File type | |
|---|
