It’s rare to find academic economists in the Ivory Tower creating new technologies that generate waves of interest jointly from policymakers, Wall Street and Silicon Valley. Roberto Rigobon and Alberto Cavallo, two professors at the MIT Sloan School of Management, make an exception.
HuffPost – “The Success of Monitoring the Economy With Big Data” Read More »
One of the biggest economic questions facing the U.S. economy in 2015 is this: will measures of inflation veer into deflationary territory, or will prices firm?
The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the January year-over-year inflation rate at -0.9%, the lowest since the eight-month deflationary period that ended in October 2009. It is substantially below the 3.85% average since the end of the Second World War and its 10-year moving average.
Business Insider – “A review of inflation in America since 1872” Read More »
Russia’s economy looks eerily similar to the 1998 Russian financial crisis which was also characterized by significant declines in the price of oil, a significant decline in the Ruble, sharp hikes in the central bank’s key rate, and now a significant run-up in inflation according to data from PriceStats which tracks daily inflation in 22
Forbes – “Online Prices Indicate Russian Inflation Spike After Ruble Decline” Read More »
onsumer prices around the world are pulling back so rapidly, along with the collapse of oil prices, that official measures of inflation have yet to capture the magnitude of the decline. But the Billion Prices Project, which scrapes the Internet daily to capture changing prices online, is recording a significant and broadening plunge in consumer
Want the best deals on electronics, but don’t feel like camping out for two weeks in front of Best Buy? Stay home on Friday, but don’t wait too long after that to shop online.
The New York Times – “When Should You Shop? Right After Black Friday” Read More »
I’m in Argentina for the day — literally (stuff came up, forcing me to make this a very quick visit; sorry, no time for media interviews or anything not already booked). And I thought it might be worth telling people something they may not know about the history of MIT’s Billion Prices Project.
The New York Times – “Inflation Truth, Really” Read More »
The prices of houses in the Hamptons and high-end art are the “leading edge of hyperinflation.” Never underestimate the ingenuity of inflation truthers. Every time it seems like they’ve hit rock bottom intellectually, they manage to come up with new and even more ridiculous reasons for why inflation is supposedly higher than the official numbers
«España, Francia y todo el sur de Europa están en deflación» Entrevista con Roberto Rigobon, Catedrático de la Sloan School of Management, Instituto de Tecnología de Massachusetts (MIT)
ABC – “Interview with Roberto Rigobon” Read More »
“El tener más datos no quiere decir que haya mejor información” El profesor en el Centro Sloan de Administración de Empresas del MIT afirma que la nueva economía necesita una nueva clase de profesional
El País – “Interview with Roberto Rigobon” Read More »