Online and official price indexes: Measuring Argentina's inflation

被引:67
|
作者
Cavallo, Alberto [1 ]
机构
[1] MIT, Alfred P Sloan Sch Management, Cambridge, MA 02139 USA
关键词
D O I
10.1016/j.jmoneco.2012.10.002
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
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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页码:152 / 165
页数:14
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