Blog

What We Can Learn from the Most Resilient States During COVID-19 Using K-Means Clustering

October 8, 2020

COVID-19 has changed our lives in one night. Unemployment rose 10%, a level higher than that in the Great Recession. Office buildings closed down. Graduations postponed. Young people fled to their parents’ homes. After months of quarantine, all of a sudden restaurants are opening up, Airbnbs are booked up, bikes and inflatable pools are selling out. The summer is over, we are still on the “COVID rollercoaster.” Let’s catch our breath, look back, and learn from what happened, how residents in different states reacted, and what we can do to move our economy forward in a sustainable way.

COVID and the Economy

July 8, 2020

In these unprecedented times, the economic and financial markets impact of the coronavirus pandemic remains top of mind for us at the Wharton School. Over the last several months, the world has witnessed record levels of unemployment, falling corporate earnings, and significant dislocations in the financial markets. At the Stevens Center for Innovation in Finance, we strive to understand how technology and the digitization of finance may help support the global economy through this challenging period. Our work at the heart of financial technology and blockchain leads us to believe that innovation in finance can play a positive role in our transition through this difficult period and into a new world.