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Alberto F. Cavallo

Alberto F. Cavallo

Edgerley Family Associate Professor of Business Administration

Edgerley Family Associate Professor of Business Administration

Read more

Alberto Cavallo is the Edgerley Family Associate Professor at Harvard Business School, where he teaches in the Business, Government, and the International Economy (BGIE) unit, a Faculty Research Fellow at the National Bureau of Economic Research, and a member of the Technical Advisory Committee of the US Bureau of Labor Statistics (BLS).

Professor Cavallo's research focuses on the behavior of prices and its implications for macroeconomic measurement and policies. His work is based on the use of daily data collected from hundreds of online retailers around the world. He co-founded The Billion Prices Project, an academic initiative at Harvard and MIT that pioneered the use of online data to conduct research on high-frequency price dynamics and inflation measurement. He also created Inflacion Verdadera to measure the real inflation rate in Argentina and Venezuela and co-founded two private companies: Dineromail, the first online-payments company in Latin America, and PriceStats, the leading private source of inflation and PPP statistics.

He received a Ph.D. from Harvard University in 2010, an MBA from MIT Sloan in 2005, and a B.S. from Universidad de San Andres in Argentina in 2000. 

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Business, Government and the International Economy
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Alberto F. Cavallo
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Business, Government and the International Economy
Contact Information
(617) 495-6099
Send Email
Featured Work Publications Awards & Honors
Inflation with Covid Consumption Baskets
NBER Working Paper No. 27352
The Covid-19 Pandemic has led to changes in expenditure patterns that can introduce significant bias in the measurement of Consumer Price Index (CPI) inflation. I use publicly-available data on credit and debit card transactions to update the official CPI weights and re-calculate inflation with Covid consumption baskets. I find that the US CPI underestimated the Covid inflation rate, particularly during the first three months of the Pandemic, as consumers spent relatively more on food and categories with higher inflation, and less on transportation and other categories experiencing deflation. By September, US Covid inflation was 1.90% compared to 1.41% in the official CPI, and was impacting low-income households the most. I also find evidence of higher Covid inflation in 12 out of 19 additional countries. 


UPDATED GRAPHS AND DATA DOWNLOADS

This work has been mentioned in The New York Times, Bloomberg, Quartz, Financial Times, Financial Times II, Reuters, Washington Post, Folha de S Paolo, NPR, TIME, Bloomberg II

 

 
Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy
American Economic Review: Insights, Vol 3 Issue 1. March 2021
We use micro data collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff passthrough is much higher than exchange rate passthrough. Chinese exporters did not lower their dollar prices by much, despite the recent appreciation of the dollar. By contrast, US exporters significantly lowered prices affected by foreign retaliatory tariffs. In US stores, the price impact is more limited, suggesting that retail margins have fallen. Our results imply that, so far, the tariffs' incidence has fallen in large part on US firms.

This work has been mentioned in The New York Times, The Wall Street Journal, The Financial Times, IMF Blog, BBC News, HBS Working Knowledge, CNN (Jake Tapper's State of the Union), Forbes, The Wall Street Journal (2), and the Washington Post.  
More Amazon Effects: Online Competition and Pricing Behaviors
Jackson Hole Economic Symposium Conference Proceedings (Federal Reserve Bank of Kansas City) - 2018

I study how online competition, with its algorithmic pricing technologies and the transparency of the Internet, can change the pricing behavior of large retailers and affect aggregate inflation dynamics. In particular, I show that online competition has raised both the frequency of price changes and the degree of uniform pricing across locations in the U.S. over the past 10 years. These changes make retail prices more sensitive to aggregate nationwide shocks, increasing the pass-through of both gas prices and nominal exchange rate fluctuations.

This work has been featured in The Economist, Financial Times, The Wall Street Journal, The New York Times, HBS Working Knowledge, and Bloomberg.

Are Online and Offline Prices Similar? Evidence from Large Multi-Channel Retailers
American Economic Review - 107, no. 1 (January 2017): 283–303

Online prices are increasingly used for measurement and research applications, yet little is known about their relation to prices in physical stores, where most retail transactions occur. I conduct the first large-scale comparison of prices simultaneously collected from the websites and physical stores of 56 large multi-channel retailers in 10 countries. I find that price levels are identical about 72 percent of the time. Price changes are not synchronized but have similar frequencies and average sizes. These results have implications for national statistical offices, researchers using online data, and anyone interested in the effect of the Internet on retail prices.


Alberto Cavallo is the Edgerley Family Associate Professor at Harvard Business School, where he teaches in the Business, Government, and the International Economy (BGIE) unit, a Faculty Research Fellow at the National Bureau of Economic Research, and a member of the Technical Advisory Committee of the US Bureau of Labor Statistics (BLS).

Professor Cavallo's research focuses on the behavior of prices and its implications for macroeconomic measurement and policies. His work is based on the use of daily data collected from hundreds of online retailers around the world. He co-founded The Billion Prices Project, an academic initiative at Harvard and MIT that pioneered the use of online data to conduct research on high-frequency price dynamics and inflation measurement. He also created Inflacion Verdadera to measure the real inflation rate in Argentina and Venezuela and co-founded two private companies: Dineromail, the first online-payments company in Latin America, and PriceStats, the leading private source of inflation and PPP statistics.

He received a Ph.D. from Harvard University in 2010, an MBA from MIT Sloan in 2005, and a B.S. from Universidad de San Andres in Argentina in 2000. 

Featured Work
Inflation with Covid Consumption Baskets
NBER Working Paper No. 27352
The Covid-19 Pandemic has led to changes in expenditure patterns that can introduce significant bias in the measurement of Consumer Price Index (CPI) inflation. I use publicly-available data on credit and debit card transactions to update the official CPI weights and re-calculate inflation with Covid consumption baskets. I find that the US CPI underestimated the Covid inflation rate, particularly during the first three months of the Pandemic, as consumers spent relatively more on food and categories with higher inflation, and less on transportation and other categories experiencing deflation. By September, US Covid inflation was 1.90% compared to 1.41% in the official CPI, and was impacting low-income households the most. I also find evidence of higher Covid inflation in 12 out of 19 additional countries. 


UPDATED GRAPHS AND DATA DOWNLOADS

This work has been mentioned in The New York Times, Bloomberg, Quartz, Financial Times, Financial Times II, Reuters, Washington Post, Folha de S Paolo, NPR, TIME, Bloomberg II

 

 
Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy
American Economic Review: Insights, Vol 3 Issue 1. March 2021
We use micro data collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff passthrough is much higher than exchange rate passthrough. Chinese exporters did not lower their dollar prices by much, despite the recent appreciation of the dollar. By contrast, US exporters significantly lowered prices affected by foreign retaliatory tariffs. In US stores, the price impact is more limited, suggesting that retail margins have fallen. Our results imply that, so far, the tariffs' incidence has fallen in large part on US firms.

This work has been mentioned in The New York Times, The Wall Street Journal, The Financial Times, IMF Blog, BBC News, HBS Working Knowledge, CNN (Jake Tapper's State of the Union), Forbes, The Wall Street Journal (2), and the Washington Post.  
More Amazon Effects: Online Competition and Pricing Behaviors
Jackson Hole Economic Symposium Conference Proceedings (Federal Reserve Bank of Kansas City) - 2018

I study how online competition, with its algorithmic pricing technologies and the transparency of the Internet, can change the pricing behavior of large retailers and affect aggregate inflation dynamics. In particular, I show that online competition has raised both the frequency of price changes and the degree of uniform pricing across locations in the U.S. over the past 10 years. These changes make retail prices more sensitive to aggregate nationwide shocks, increasing the pass-through of both gas prices and nominal exchange rate fluctuations.

This work has been featured in The Economist, Financial Times, The Wall Street Journal, The New York Times, HBS Working Knowledge, and Bloomberg.

Are Online and Offline Prices Similar? Evidence from Large Multi-Channel Retailers
American Economic Review - 107, no. 1 (January 2017): 283–303

Online prices are increasingly used for measurement and research applications, yet little is known about their relation to prices in physical stores, where most retail transactions occur. I conduct the first large-scale comparison of prices simultaneously collected from the websites and physical stores of 56 large multi-channel retailers in 10 countries. I find that price levels are identical about 72 percent of the time. Price changes are not synchronized but have similar frequencies and average sizes. These results have implications for national statistical offices, researchers using online data, and anyone interested in the effect of the Internet on retail prices.


Published Papers
  • Cavallo, Alberto, Gita Gopinath, Brent Neiman, and Jenny Tang. "Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy." American Economic Review: Insights 3, no. 1 (March 2021). View Details
  • Cavallo, Alberto, and Diego Aparicio. "Targeted Price Controls on Supermarket Products." Review of Economics and Statistics 103, no. 1 (March 2021): 60–71. View Details
  • Cavallo, Alberto. "More Amazon Effects: Online Competition and Pricing Behaviors." Jackson Hole Economic Symposium Conference Proceedings (Federal Reserve Bank of Kansas City) (2019). View Details
  • Cavallo, Alberto, Erwin Diewert, Robert C. Feenstra, Robert Inklaar, and Marcel P. Timmer. "Using Online Prices for Measuring Real Consumption Across Countries." AEA Papers and Proceedings 108 (May 2018): 483–487. View Details
  • Cavallo, Alberto. "Scraped Data and Sticky Prices." Review of Economics and Statistics 100, no. 1 (March 2018): 105–119. View Details
  • Cavallo, Alberto, Guillermo Cruces, and Ricardo Perez-Truglia. "Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments." American Economic Journal: Macroeconomics 9, no. 3 (July 2017): 1–35. View Details
  • Cavallo, Alberto. "Are Online and Offline Prices Similar? Evidence from Large Multi-Channel Retailers." American Economic Review 107, no. 1 (January 2017): 283–303. View Details
  • Cavallo, Alberto, and Roberto Rigobon. "The Billion Prices Project: Using Online Prices for Inflation Measurement and Research." Journal of Economic Perspectives 30, no. 2 (Spring 2016): 151–178. View Details
  • Cavallo, Alberto, Guillermo Cruces, and Ricardo Perez-Truglia. "Learning from Potentially Biased Statistics: Household Inflation Perceptions and Expectations in Argentina." Brookings Papers on Economic Activity (Spring 2016): 59–108. View Details
  • Cavallo, Alberto, Brent Neiman, and Roberto Rigobon. "The Price Impact of Joining a Currency Union: Evidence from Latvia." IMF Economic Review 63, no. 2 (September 2015): 281–297. View Details
  • Borraz, Fernando, Alberto Cavallo, Roberto Rigobon, and Leandro Zipitria. "Distance and Political Boundaries: Estimating Border Effects under Inequality Constraints." International Journal of Finance & Economics 21, no. 1 (January 2016): 3–35. View Details
  • Cavallo, Alberto, Brent Neiman, and Roberto Rigobon. "Currency Unions, Product Introductions, and the Real Exchange Rate." Quarterly Journal of Economics 129, no. 2 (May 2014): 529–595. View Details
  • Cavallo, Alberto, Eduardo A. Cavallo, and Roberto Rigobon. "Prices and Supply Disruptions during Natural Disasters." Review of Income and Wealth 60, no. S2 (November 2014): S449–S471. View Details
  • Cavallo, Alberto. "Online and Official Price Indexes: Measuring Argentina's Inflation." Journal of Monetary Economics 60, no. 2 (March 2013): 152–165. View Details
  • Bordo, Michael D., Alberto Cavallo, and Christopher Meissner. "Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880–1913." Journal of Development Economics 91, no. 2 (March 2010): 227–241. View Details
  • Cavallo, Alberto, and Eduardo Cavallo. "Are Crises Good for Long-term Growth? The Role of Political Institutions." Journal of Macroeconomics 32, no. 3 (September 2010): 838–857. View Details
Working Papers
  • Cavallo, Alberto. "Inflation with COVID Consumption Baskets." NBER Working Paper Series, No. 27352, June 2020. (Revised October 2020. Harvard Business School Working Paper, No. 20-124, May 2020) View Details
  • Cavallo, Alberto, Brent Neiman, and Roberto Rigobon. "Real Exchange Rate Behavior: New Evidence from Matched Retail Goods." Harvard Business School Working Paper, No. 20-040, January 2019. View Details
  • Cavallo, Alberto, Javier Cravino, and Andres Drenik. "Using Online Data for International Wage Comparisons." Harvard Business School Working Paper, No. 20-042, September 2019. View Details
  • Cavallo, Alberto, Robert C. Feenstra, and Robert Inklaar. "Foreign and Domestic Trade Costs, Product Variety, and the Standard of Living Across Countries." 2018. Mimeo. View Details
  • Cavallo, Alberto. "Measuring Venezuela's Inflation Using Crowdsourcing and Mobile Phones." 2018. Mimeo. View Details
  • Cavallo, Alberto, and Roberto Rigobon. "The Distribution of the Size of Price Changes." NBER Working Paper Series, No. 16760, September 2012. View Details
Case and Teaching Materials
  • Cavallo, Alberto, and Christian Godwin. "The Coronavirus (COVID-19) Pandemic and the Global Economy (B)." Harvard Business School Supplement 721-434, February 2021. View Details
  • Cavallo, Alberto, and Tannya Cai. "HBS COVID-19 Global Policy Tracker." Harvard Business School Working Paper, No. 20-110, April 2020. (Available at www.globalpolicytracker.com.) View Details
  • Cavallo, Alberto, Mariana Cal, and Carla Larangeira. "Surviving Venezuela's Hyperinflation: Automercados Plaza's." Harvard Business School Case 721-014, October 2020. View Details
  • Cavallo, Alberto, and Christian Godwin. "The Coronavirus (COVID-19) Pandemic and the Global Economy (A)." Harvard Business School Case 720-031, May 2020. (Revised June 2020.) View Details
  • Cavallo, Alberto. "Getting Brexit Done." Harvard Business School Case 720-023, February 2020. (Revised June 2020.) View Details
  • Cavallo, Alberto, Mariana Cal, and Anne Laski. "The U.S. – China Trade War." Harvard Business School Case 719-034, February 2019. (Revised May 2019.) View Details
  • Cavallo, Alberto. "The U.S. – China Trade War." Harvard Business School Teaching Note 720-012, September 2019. (Revised December 2019.) View Details
  • Cavallo, Alberto, Matthew Weinzierl, and Robert Scherf. "India: State Capacity and Unity in Diversity." Harvard Business School Case 719-061, February 2019. (Revised March 2021.) View Details
  • Cavallo, Alberto, Kristin Fabbe, Mattias Fibiger, Jeremy Friedman, Reshmaan Hussam, Vincent Pons, and Matthew Weinzierl. "The BGIE Twenty (2021 version)." Harvard Business School Technical Note 718-032, December 2017. (Revised December 2020.) View Details
  • Cavallo, Alberto, Anne Laski, and Florencia Hnilo. "Economic Growth." Harvard Business School Technical Note 719-033, November 2018. (Revised December 2020.) View Details
  • Cavallo, Alberto. "Aggregate Demand and Aggregate Supply." Harvard Business School Technical Note 719-032, November 2018. View Details
  • Cavallo, Alberto. "Exchange Rates and the Trilemma." Harvard Business School Technical Note 719-031, November 2018. View Details
  • Di Tella, Rafael, Alberto Cavallo, and Aldo Sesia. "Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bail Out Wall Street." Harvard Business School Case 718-022, October 2017. (Revised December 2020.) View Details
  • Di Tella, Rafael, and Alberto Cavallo. "Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street." Harvard Business School Teaching Note 719-010, September 2018. (Revised October 2019.) View Details
Awards & Honors
Winner of the 2018 Economics in Central Banking Award with Roberto Rigobon for the "Impact of the Billion Prices Project and PriceStats on Central Bank Policymaking."
Received a National Science Foundation Trans-Atlantic Platform-Digging into Data Grant, 2017–2019.
Received a National Bureau of Economic Research (NBER) Economics of Digitization Grant, 2015–2016.
Awarded the 2015 Roger F. Murray Prize from the Institute of Quantitative Finance.
Named Douglas Drane Career Development Chair in Information Technology and Management at MIT Sloan School of Management, 2015–2018.
Received a 3M Junior Faculty Grant from MIT Sloan School of Management, 2014–2016.
Named the Cecil and Ida Green Career Development Chair, MIT Sloan School of Management, 2012–2015.
Named BusinessWeek Innovator, February 2011.
Received a JFRAP Grant, MIT Sloan School of Management, 2011–2018.
Research selected for inclusion in the New York Times 10th Annual Year in Ideas Issue, 2010.
Received a Dissertation Completion Fellowship, Harvard University, 2009–2010.
Received the C.V. Starr Scholarship, Harvard University, 2009-2010.
Received a Real Estate Academic Initiative Grant, Harvard University, 2009.
Received a Warburg Funds Grant, Harvard University, Spring 2008–2009.
Received a Derek C. Bok Award for Excellence in Graduate Student Teaching of Undergraduates, Harvard University, Spring 2008.
Received a Derek C. Bok Award for Excellence in Graduate Student Teaching of Undergraduates, Harvard University, Fall 2007.
Additional Information
Research Projects
  • The Billion Prices Project
  • InflacionVerdadera.com (Venezuela's Crowdsourced Inflation)
  • HBS Covid-19 Global Policy Tracker
Links
  • Twitter
  • Media
  • Curriculum Vitae
Teaching Links (for students)
  • Office Hours (OPM)
Areas of Interest
  • big data
  • macroeconomics
In The News

In The News

    • 25 Mar 2021
    • Bloomberg

    Pandemic Shopping Habits Are Giving Inflation Experts a Headache

    • 30 Oct 2020
    • TIME

    The Pandemic Is Costing Americans More Money Than Official Numbers Suggest

    • 21 Sep 2020
    • Folha de S. Paolo

    Brasileiro é dos que mais sentem a 'inflação da Covid', aponta estudo

    • 11 Sep 2020
    • NPR

    More Groceries, Less Gas: The Pandemic Is Shaking Up The Cost Of Living

    • 02 Sep 2020
    • New York Times

    Inflation Is Higher Than the Numbers Say

→More News for Alberto F. Cavallo

Alberto F. Cavallo In the News

News

25 Mar 2021
Bloomberg
Pandemic Shopping Habits Are Giving Inflation Experts a Headache

30 Oct 2020
TIME
The Pandemic Is Costing Americans More Money Than Official Numbers Suggest

21 Sep 2020
Folha de S. Paolo
Brasileiro é dos que mais sentem a 'inflação da Covid', aponta estudo

11 Sep 2020
NPR
More Groceries, Less Gas: The Pandemic Is Shaking Up The Cost Of Living

02 Sep 2020
New York Times
Inflation Is Higher Than the Numbers Say

13 Aug 2020
Washington Post
Inflation Is Actually a Lot Higher Than You Think

13 Jul 2020
Financial Times
Inflation: baskets of plenty

28 Jun 2020
Financial Times
Prices are rising faster than official figures suggest

19 Jun 2020
Financial Times
Inflation Is Higher Than the Official Numbers

19 Jun 2020
Reuters
Pandemic Prises Open Inflation Information Gap

17 Jun 2020
Quartz
Covid-19 is distorting inflation numbers around the world

22 May 2020
Bloomberg
In the Lockdown Economy, Old Measures of Inflation Get It Wrong

28 Apr 2020
Harvard Gazette
American economy on the bubble

05 Mar 2020
Economist
What one game show reveals about the American economy

17 Jan 2020
Washington Post
Trump’s China tariffs have not caused Americans to pay $1,000 more a year. Here’s why.

12 Jan 2020
Wall Street Journal
Trade War With China Took Toll on U.S., but Not Big One

16 Oct 2019
New York Times
Trump’s China Deal Leaves the Global Economy as Uncertain as Ever

10 Oct 2019
Economist
Technology is making inflation statistics an unreliable guide to the economy

10 Sep 2019
BBC
Trump’s tariffs puts Apple’s golden goose at risk

12 Aug 2019
Forbes
Trump Still Doesn't Know Who Pays Tariffs

27 Jun 2019
Associated Press
Low online prices are great for shoppers. But they're killing small businesses

24 Apr 2019
HBS Working Knowledge
The 'Amazon Effect' Is Changing Online Price Competition—and the Fed Needs to Pay Attention

18 Apr 2019
Economist
Mauricio Macri freezes prices

15 Nov 2018
Economist
Technology firms are both the friend and the foe of competition

12 Oct 2018
Bloomberg
The ‘Amazon Effect’ Can Drive Prices Up, Too

10 Oct 2018
Marketwatch
How Amazon is killing comparison shopping

24 Sep 2018
El País
El ‘efecto Amazon’ cambia la economía

30 Aug 2018
Economist
Central bankers grapple with the changing nature of competition

25 Aug 2018
Financial Times
Growth of online retail is changing inflation

25 Aug 2018
Wall Street Journal
The Other Amazon Effect: How Prices Have Become Less Insulated From Supply Shocks

25 Aug 2018
New York Times
Are Superstar Firms and Amazon Effects Reshaping the Economy?

25 Aug 2018
Bloomberg
`Amazon Effect' May Make Central Bank Job Harder

25 Aug 2018
Reuters
'Amazon effect' could have impact on inflation dynamics: paper

01 Feb 2018
Financial Times
Can big data revolutionise policymaking by governments?

26 Jan 2018
Financial Times
Investing in UK retailers: Bargains or basket cases?

24 Jan 2018
Central Banking
Economics in Central Banking Award 2018: BPP and PriceStats

11 Dec 2017
Wall Street Journal
As the Fed Deliberates, Amazon Is Making Its Job More Difficult

08 Nov 2017
Infobae
The democracy of data: how Venezuelans can stand up to government lies

31 Jul 2017
MIT News
Intermittent attention, poor memory shape public perceptions of inflation

21 Jul 2017
American Economic Association
Tomorrow's Prices

01 Jun 2017
Data Made to Matter
Don't Lie to Me Argentina

07 Mar 2017
Sky News
UK prices rising faster after Brexit vote

07 Feb 2017
Boston Globe
Online prices cheaper than in store? Not so fast

31 Jan 2017
MIT News
A fair price to pay?

28 Dec 2016
American Economic Association
Retail price reality check

15 Nov 2016
The Times
Britain’s inflation data needs to be dragged out of the stone age

13 May 2016
Financial Times
A billion prices can't be wrong

04 Apr 2016
Financial Times
Data Collection is the Ultimate Public Good

14 May 2015
Project Syndicate
An Economics to Fit the Facts

17 Mar 2015
Huffington Post
The Success of Monitoring the Economy With Big Data

13 Mar 2015
Wall Street Journal
The Billion Prices Project Thinks Inflation May Have Turned a Sharp Corner

Additional Information

Research Projects

The Billion Prices Project
InflacionVerdadera.com (Venezuela's Crowdsourced Inflation)
HBS Covid-19 Global Policy Tracker

Links

Twitter
Media
Curriculum Vitae

Teaching Links (for students)

Office Hours (OPM)

Areas of Interest

big data
macroeconomics

In The News

    • 25 Mar 2021
    • Bloomberg

    Pandemic Shopping Habits Are Giving Inflation Experts a Headache

    • 30 Oct 2020
    • TIME

    The Pandemic Is Costing Americans More Money Than Official Numbers Suggest

    • 21 Sep 2020
    • Folha de S. Paolo

    Brasileiro é dos que mais sentem a 'inflação da Covid', aponta estudo

    • 11 Sep 2020
    • NPR

    More Groceries, Less Gas: The Pandemic Is Shaking Up The Cost Of Living

    • 02 Sep 2020
    • New York Times

    Inflation Is Higher Than the Numbers Say

→More News for Alberto F. Cavallo

Alberto F. Cavallo In the News

News

25 Mar 2021
Bloomberg
Pandemic Shopping Habits Are Giving Inflation Experts a Headache

30 Oct 2020
TIME
The Pandemic Is Costing Americans More Money Than Official Numbers Suggest

21 Sep 2020
Folha de S. Paolo
Brasileiro é dos que mais sentem a 'inflação da Covid', aponta estudo

11 Sep 2020
NPR
More Groceries, Less Gas: The Pandemic Is Shaking Up The Cost Of Living

02 Sep 2020
New York Times
Inflation Is Higher Than the Numbers Say

13 Aug 2020
Washington Post
Inflation Is Actually a Lot Higher Than You Think

13 Jul 2020
Financial Times
Inflation: baskets of plenty

28 Jun 2020
Financial Times
Prices are rising faster than official figures suggest

19 Jun 2020
Financial Times
Inflation Is Higher Than the Official Numbers

19 Jun 2020
Reuters
Pandemic Prises Open Inflation Information Gap

17 Jun 2020
Quartz
Covid-19 is distorting inflation numbers around the world

22 May 2020
Bloomberg
In the Lockdown Economy, Old Measures of Inflation Get It Wrong

28 Apr 2020
Harvard Gazette
American economy on the bubble

05 Mar 2020
Economist
What one game show reveals about the American economy

17 Jan 2020
Washington Post
Trump’s China tariffs have not caused Americans to pay $1,000 more a year. Here’s why.

12 Jan 2020
Wall Street Journal
Trade War With China Took Toll on U.S., but Not Big One

16 Oct 2019
New York Times
Trump’s China Deal Leaves the Global Economy as Uncertain as Ever

10 Oct 2019
Economist
Technology is making inflation statistics an unreliable guide to the economy

10 Sep 2019
BBC
Trump’s tariffs puts Apple’s golden goose at risk

12 Aug 2019
Forbes
Trump Still Doesn't Know Who Pays Tariffs

27 Jun 2019
Associated Press
Low online prices are great for shoppers. But they're killing small businesses

24 Apr 2019
HBS Working Knowledge
The 'Amazon Effect' Is Changing Online Price Competition—and the Fed Needs to Pay Attention

18 Apr 2019
Economist
Mauricio Macri freezes prices

15 Nov 2018
Economist
Technology firms are both the friend and the foe of competition

12 Oct 2018
Bloomberg
The ‘Amazon Effect’ Can Drive Prices Up, Too

10 Oct 2018
Marketwatch
How Amazon is killing comparison shopping

24 Sep 2018
El País
El ‘efecto Amazon’ cambia la economía

30 Aug 2018
Economist
Central bankers grapple with the changing nature of competition

25 Aug 2018
Financial Times
Growth of online retail is changing inflation

25 Aug 2018
Wall Street Journal
The Other Amazon Effect: How Prices Have Become Less Insulated From Supply Shocks

25 Aug 2018
New York Times
Are Superstar Firms and Amazon Effects Reshaping the Economy?

25 Aug 2018
Bloomberg
`Amazon Effect' May Make Central Bank Job Harder

25 Aug 2018
Reuters
'Amazon effect' could have impact on inflation dynamics: paper

01 Feb 2018
Financial Times
Can big data revolutionise policymaking by governments?

26 Jan 2018
Financial Times
Investing in UK retailers: Bargains or basket cases?

24 Jan 2018
Central Banking
Economics in Central Banking Award 2018: BPP and PriceStats

11 Dec 2017
Wall Street Journal
As the Fed Deliberates, Amazon Is Making Its Job More Difficult

08 Nov 2017
Infobae
The democracy of data: how Venezuelans can stand up to government lies

31 Jul 2017
MIT News
Intermittent attention, poor memory shape public perceptions of inflation

21 Jul 2017
American Economic Association
Tomorrow's Prices

01 Jun 2017
Data Made to Matter
Don't Lie to Me Argentina

07 Mar 2017
Sky News
UK prices rising faster after Brexit vote

07 Feb 2017
Boston Globe
Online prices cheaper than in store? Not so fast

31 Jan 2017
MIT News
A fair price to pay?

28 Dec 2016
American Economic Association
Retail price reality check

15 Nov 2016
The Times
Britain’s inflation data needs to be dragged out of the stone age

13 May 2016
Financial Times
A billion prices can't be wrong

04 Apr 2016
Financial Times
Data Collection is the Ultimate Public Good

14 May 2015
Project Syndicate
An Economics to Fit the Facts

17 Mar 2015
Huffington Post
The Success of Monitoring the Economy With Big Data

13 Mar 2015
Wall Street Journal
The Billion Prices Project Thinks Inflation May Have Turned a Sharp Corner

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