Online and official price indexes: Measuring Argentina's inflation

成果类型:
Article
署名作者:
Cavallo, Alberto
署名单位:
Massachusetts Institute of Technology (MIT)
刊物名称:
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN:
0304-3932
DOI:
10.1016/j.jmoneco.2012.10.002
发表日期:
2013
页码:
152-165
关键词:
摘要:
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. (c) 2012 Elsevier B.V. All rights reserved.
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