Aaronson, Daniel; Brave, Scott A.; Butters, R. Andrew; … - 2020
to identify the elasticity of unemployment insurance filings with respect to search intensity. Applying our elasticity … estimate to the state-level Google Trends indexes for the topic "unemployment", we show that out-of-sample forecasts made ahead … the demand for unemployment insurance. In addition, we provide a robust assessment of the uncertainty surrounding these …