Online and official price indexes: Measuring Argentina's inflation
Prices collected from online retailers can be used to construct daily price indexes that complement official statistics. This paper studies their ability to match official inflation estimates in five Latin American countries, with a focus on Argentina, where official statistics have been heavily cri...
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
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Elsevier
2017
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| Online Access: | http://hdl.handle.net/1721.1/107462 https://orcid.org/0000-0002-9701-3507 |
| _version_ | 1826191736715608064 |
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| author | Cavallo, Alberto F. |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Cavallo, Alberto F. |
| author_sort | Cavallo, Alberto F. |
| collection | MIT |
| description | Prices collected from online retailers can be used to construct daily price indexes that complement official statistics. This paper studies their ability to match official inflation estimates in five Latin American countries, with a focus on Argentina, where official statistics have been heavily criticized in recent years. The data were collected between October 2007 and March 2011 from the largest supermarket in each country. In Brazil, Chile, Colombia, and Venezuela, online price indexes approximate both the level and main dynamics of official inflation. By contrast, Argentina's online inflation rate is nearly three times higher than the official estimate. |
| first_indexed | 2024-09-23T09:00:28Z |
| format | Article |
| id | mit-1721.1/107462 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T09:00:28Z |
| publishDate | 2017 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | mit-1721.1/1074622022-09-30T12:48:19Z Online and official price indexes: Measuring Argentina's inflation Cavallo, Alberto F. Sloan School of Management Cavallo, Alberto Cavallo, Alberto F. Prices collected from online retailers can be used to construct daily price indexes that complement official statistics. This paper studies their ability to match official inflation estimates in five Latin American countries, with a focus on Argentina, where official statistics have been heavily criticized in recent years. The data were collected between October 2007 and March 2011 from the largest supermarket in each country. In Brazil, Chile, Colombia, and Venezuela, online price indexes approximate both the level and main dynamics of official inflation. By contrast, Argentina's online inflation rate is nearly three times higher than the official estimate. 2017-03-17T14:52:02Z 2017-03-17T14:52:02Z 2013-03 Article http://purl.org/eprint/type/JournalArticle 0304-3932 http://hdl.handle.net/1721.1/107462 Cavallo, Alberto. “Online and Official Price Indexes: Measuring Argentina’s Inflation.” Journal of Monetary Economics 60, no. 2 (March 2013): 152–165. https://orcid.org/0000-0002-9701-3507 en_US http://dx.doi.org/10.1016/j.jmoneco.2012.10.002 Journal of Monetary Economics Creative Commons Attribution-NonCommercial-NoDerivs License http://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf Elsevier Prof. Cavallo |
| spellingShingle | Cavallo, Alberto F. Online and official price indexes: Measuring Argentina's inflation |
| title | Online and official price indexes: Measuring Argentina's inflation |
| title_full | Online and official price indexes: Measuring Argentina's inflation |
| title_fullStr | Online and official price indexes: Measuring Argentina's inflation |
| title_full_unstemmed | Online and official price indexes: Measuring Argentina's inflation |
| title_short | Online and official price indexes: Measuring Argentina's inflation |
| title_sort | online and official price indexes measuring argentina s inflation |
| url | http://hdl.handle.net/1721.1/107462 https://orcid.org/0000-0002-9701-3507 |
| work_keys_str_mv | AT cavalloalbertof onlineandofficialpriceindexesmeasuringargentinasinflation |