News

When thinking about the “Amazon Effect,” one may think invariably about retail, and the impact the eCommerce giant has on the sector — changing the very nature of how everything from books to clothes are bought and brought to end customers.

Harvard University professor Alberto Cavallo presents a paper at Kansas City Fed’s annual economic symposium

The increase in popularity and decrease in prices from Amazon may be to blame for the rise in inflation over the last few years, reports Reuters.

Retailers’ prices have grown more uniform across locations, finds a paper presented at Jackson Hole

It is an area rich in data waiting to be mined–and the results could bring more clarity to India’s perennial inflation debates.

Desbordado por las alzas, salidas de quicio, el gobierno de Maduro abandonó informes sobre precious.

For nine years, from 2007 to 2015, the Argentine government manipulated economic statistics in an attempt to fool the public into believing inflation was lower than it actually was. Citizens, however, didn’t buy it. In fact, they showed a remarkable aptitude for seeing through the claims.

Organisations like the Bank and the Office for National Statistics can now draw on exponentially more data to produce their assessments of how the country is performing.

The goal of mapping economic activity in real time, just as we do for weather or traffic, is “closer than ever to being within our grasp”, according to Andy Haldane, the Bank of England’s chief economist.

PriceStats, based on MIT’s Billion Prices Project, takes a daily temperature using online sales.