Imperial College London

DrStephenHansen

Business School

Visiting Professor
 
 
 
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Contact

 

+44 (0)20 7594 9412stephen.hansen Website CV

 
 
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Location

 

481City and Guilds BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Carvalho:2021:10.1098/rsos.210218,
author = {Carvalho, VM and Garcia, JR and Hansen, S and Ortiz, Á and Rodrigo, T and Rodríguez, Mora JV and Ruiz, P},
doi = {10.1098/rsos.210218},
journal = {Royal Society Open Science},
pages = {1--18},
title = {Tracking the COVID-19 crisis with high-resolution transaction data},
url = {http://dx.doi.org/10.1098/rsos.210218},
volume = {8},
year = {2021}
}

RIS format (EndNote, RefMan)

TY  - JOUR
AB - 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.
AU - Carvalho,VM
AU - Garcia,JR
AU - Hansen,S
AU - Ortiz,Á
AU - Rodrigo,T
AU - Rodríguez,Mora JV
AU - Ruiz,P
DO - 10.1098/rsos.210218
EP - 18
PY - 2021///
SN - 2054-5703
SP - 1
TI - Tracking the COVID-19 crisis with high-resolution transaction data
T2 - Royal Society Open Science
UR - http://dx.doi.org/10.1098/rsos.210218
UR - https://royalsocietypublishing.org/doi/10.1098/rsos.210218
UR - http://hdl.handle.net/10044/1/91092
VL - 8
ER -