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  • 19 Jun 2020
  • News

Inflation Is Higher Than the Official Numbers

  • November 2024
  • Article

Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge

By: Alberto Cavallo and Oleksiy Kryvtsov
We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between 2018 and 2024. Measuring... View Details
Keywords: Macroeconomics; Inflation and Deflation; Price; Consumer Behavior; Personal Finance; Product Positioning
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  • 19 Dec 2022
  • Research & Ideas

The 10 Most Popular Articles of 2022

Will They Ever Return to Normal? Research by Alberto Cavallo probes the complex interplay of product shortages, prices, and inflation. Feeling... View Details
Keywords: by Danielle Kost
  • Article

Online and Official Price Indexes: Measuring Argentina's Inflation

By: Alberto Cavallo
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... View Details
Keywords: Inflation; Online Price Index; Economics; Macroeconomics; Inflation and Deflation; Price; Latin America; Argentina
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  • 31 Jan 2017
  • News

A fair price to pay?

  • 17 Jun 2020
  • News

Covid-19 is distorting inflation numbers around the world

  • February 2021 (Revised March 2023)
  • Supplement

The Coronavirus (COVID-19) Pandemic and the Global Economy (B)

By: Alberto Cavallo and Christian Godwin
By December 2020, the COVID-19 pandemic had swept across the globe, creating widespread disruption in all aspects of everyday life. Almost 90 million people had been infected and nearly two million had died from the disease. By this point in the pandemic—a year since... View Details
Keywords: COVID-19 Pandemic; Economy; Health Pandemics; Economic Slowdown and Stagnation; Global Range; Crisis Management; Disruption
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  • 13 May 2016
  • News

A billion prices can't be wrong

  • 03 Aug 2022
  • News

Opinion: Food Inflation Remains Stubbornly High in U.S. and Europe

  • 27 Jun 2019
  • News

Low online prices are great for shoppers. But they're killing small businesses

  • 17 Mar 2015
  • News

The Success of Monitoring the Economy With Big Data

  • March 2010
  • Article

Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880–1913

By: Michael D. Bordo, Alberto Cavallo and Christopher Meissner
We study the determinants and output effects of sudden stops in capital inflows during an era of intensified globalization from 1880 to 1913. Higher levels of exposure to foreign currency debt and large current account deficits associated with reliance on foreign... View Details
Keywords: Sudden Stops; Capital Flows; Economics; Macroeconomics; Economic Growth; Financial Crisis; Globalization; History
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  • 26 Jan 2018
  • News

Investing in UK retailers: Bargains or basket cases?

  • Web

Strategy - Doctoral

George Serafeim Willy C. Shih Christopher T. Stanton Jorge Tamayo Jo Tango Sara McKinley Torti Isamar Troncoso Eric J. Van den Steen Andy Wu Jeremy Yang Dennis A. Yao David B. Yoffie Shunyuan Zhang Current HBS Faculty & Students by... View Details
  • Web

Business Economics - Doctoral

lens of business. Jointly administered by HBS and the Department of Economics in the Faculty of Arts and Sciences, the program combines theoretical analysis with in-depth,... View Details
  • Web

Marketing - Doctoral

field exam, and then another three years on dissertation research and writing. The Marketing program draws on computer science, economics, behavioral science, and psychological... View Details
  • 2020
  • Working Paper

HBS COVID-19 Global Policy Tracker

By: Alberto Cavallo and Tannya Cai
The HBS COVID-19 Global Policy Tracker is an initiative by the Business, Government and the International Economy (BGIE) unit at Harvard Business School (HBS) to collect and standardize economic policies implemented as a response to the coronavirus pandemic around the... View Details
Keywords: COVID-19; Economics; Policy; Health Pandemics; Government and Politics; Global Range
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  • January 2022
  • Technical Note

BGIE Macro Data Repository

By: Alberto Cavallo
This technical note describes an up-to-date data repository containing balance of payment, exchange rate, and aggregate macroeconomic data in a standard format used by case studies written by members of the Business, Government & the International Economy (BGIE) group... View Details
Keywords: Macroeconomics
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  • Web

Placement - Doctoral

studies, are uniquely individualized. Factors like departmental fit, location preferences, dual career choices, and family needs shape these decisions. We celebrate when students secure a position that brings them joy! Students are... View Details
  • Web

Business, Government & the International Economy Awards & Honors - Faculty & Research

Exclusion of Immigrants” with Michela Carlana, Matti Sarvimaki, and Mikko Silliman. Marlous van Waijenburg : 2019: Recipient of a MITRE Faculty Research Award for “New Frontiers in the Study of Africa’s Economic Past.” 2018 View Details