Mining digital information for accurate, up-to-date economic snapshots could help officials make quicker and better decisions
Financial Times – “Can big data revolutionise policymaking by governments?” Read More »
Through a vast and ongoing data-collecting exercise, PriceStats has helped central banks overcome many of the drawbacks inherent in traditional inflation series.
The growth of e-commerce is well understood, tracking the smartphone’s ubiquity and a global supply chain that delivers consumer goods quickly and cheaply. Its impact on inflation—the so-called Amazon effect—is still being explored by economists.
In public debates about economic policy, it can be hard to separate real insights from political posturing. But a few simple rules of thumb can help.
New York Times – “An Economist Explains: How to Sort Facts From Fictions” Read More »
The recent financial crisis, and the euro area sovereign debt crisis that followed, were characterised by periods of increased heterogeneity, market fragmentation and sudden turns in economic activity. This often made it difficult for economic policymakers to understand and assess in real time the underlying forces driving economic behaviour. Both traditional statistical datasets and our
ECB Press – “Policy analysis with big data” Read More »
Alberto Cavallo ajudou a elaborar uma pesquisa de preços on-line e criou portal que mede as variações na Argentina e Venezuela .
Nexo – “Como a América Latina pode superar a inflação, segundo este economista do MIT.” Read More »
La inflación venezolana es de tal magnitud que da para experimentos. En el Instituto Tecnológico de Massachussets, en Estados Unidos, comenzaron uno hace tres meses: medir la inflación, esa que descose los bolsillos de los ciudadanos, con ayuda de los mismos que la padecen.
El Nacional – “En busca de la (hiper) inflación oculta” Read More »
The purchasing power of one dollar is worth more online, according to software company Adobe’s Digital Price Index, which looked at online and offline spending. If consumers had shifted all of their offline spending last year to online, that difference would have meant saving about $2.2 billion, it estimated.
New price data from Adobe Systems Inc., released today, show that online increased its price advantage vs. offline over the past two years. Logically speaking, though, the gap can’t keep widening forever. And there are some hints in the data that online’s edge is already—well, not going away, but approaching its limit.
Bloomberg – “Prices Keep Falling Faster Online. But for How Long?” Read More »
Big Data se define como la masividad de datos producidos por interacciones electrónicas a través de teléfonos celulares, transacciones online o redes sociales. Lleva el nombre de “big” por la enorme cantidad de datos que se generan a partir de las interacciones electrónicas entre personas.
América Economía – “Big data y la ciencia económica” Read More »