As Greek banks re-open today after a 3-week closure and as the European state works toward reaching a new deal with creditors, it’s still unclear what the full effect of the run on Greek banks has been on the macroeconomy in both Greece and the rest of Europe.

Alberto Cavallo: “Me gusta la economía empírica, basada en datos concretos” El hijo del ex ministro es profesor del MIT; quiere incorporar la tecnología para mejorar las mediciones económicas

Monthly reports for February included new home sales, which set a new post-recession high, and existing home sales, also higher, and a higher CPI. Durable goods were down for the 4th time in 6 months, and the University of Michigan sentiment indicator improved from its first March reading, but has continued to back off its

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.

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.

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

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.

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.