What can stockouts tell us about inflation? : evidence from online micro data / by Alberto Cavallo and Oleksiy Kryvtsov.: FB3-5/2021-52E-PDF
"We use a detailed micro dataset on product availability to construct a direct high frequency measure of consumer product shortages during the 2020–21 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of shortages evolved from many temporary stockouts to mostly discontinued products, concentrated in fewer sectors. We show that product shortages have significant but transitory inflationary effects and that these effects can be associated with elevated costs of replenishing inventories"--Abstract.
Permanent link to this Catalogue record:
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| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | What can stockouts tell us about inflation? : evidence from online micro data / by Alberto Cavallo and Oleksiy Kryvtsov. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-52 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: October 18, 2021." Includes bibliographical references (pages 26-27). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021. ©2021 |
| Author / Contributor | Cavallo, Alberto, author. |
| Description | 1 online resource (ii, 38 pages) : charts. |
| Catalogue number |
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| Subject terms | Inflation (Finance) COVID-19 Pandemic, 2020- -- Economic aspects. Inflation. Pandémie de COVID-19, 2020- -- Aspect économique. |
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