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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.904196&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | What can stockouts tell us about inflation? : evidence from online micro data / by Alberto Cavallo and Oleksiy Kryvtsov. |
| Titre de la série | Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-52 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "Last updated: October 18, 2021." Includes bibliographical references (pages 26-27). |
| Information sur la publication | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021. ©2021 |
| Auteur / Contributeur | Cavallo, Alberto, author. |
| Description | 1 online resource (ii, 38 pages) : charts. |
| Numéro de catalogue |
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| Descripteurs | Inflation (Finance) COVID-19 Pandemic, 2020-2023 -- Economic aspects. Inflation. Pandémie de COVID-19, 2020-2023 -- Aspect économique. |
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