Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259756 
Year of Publication: 
2020
Citation: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 156 [Issue:] 1 [Article No.:] 14 [Publisher:] Springer [Place:] Heidelberg [Year:] 2020 [Pages:] 1-20
Publisher: 
Springer, Heidelberg
Abstract: 
This paper analyzes card payments to the retail sector in Switzerland during the COVID-19 crisis. We provide evidence on aggregate effects and regional shifts. Pronounced shifts-which persisted post-lockdown-can be observed from urban to suburban and rural areas and among cantons. Data allow us to identify directly two sources of shifts: "tourists and business travelers" and "e-commerce." We indirectly identify additional sources: infection risk, lockdown measures, working from home, shopping tourism, and cash substitution. The COVID-19 crisis seems to have reinforced pre-existing trends that may have faster than anticipated effects on the economy. Our analysis underscores the usefulness of real-time card payment data to inform policymakers.
Subjects: 
COVID-19
Lockdown
Card payment data
Regional sale shifts
JEL: 
E21
E42
E65
E71
R10
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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