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Replication data for: Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce

Version
1
Resource Type
Dataset
Creator
  • Goolsbee, Austan D.
  • Klenow, Peter J.
Publication Date
2018-05-01
Description
  • Abstract

    The rise of ecommerce and the contrasts between online and traditional retail pricing behavior have raised questions about potential bias in CPI inflation. Using new data on online transactions, this paper shows that aggregate matched-model inflation online from 2014–2017 was more than a full percentage point lower than in the corresponding CPI. In addition, new products were tremendously important. Quantifying the net increase in number of new goods minus the exit of old goods suggests that actual inflation online may have been an additional 1.5 to 2.5 percentage points lower than indicated in matched model price indices like the CPI.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pandp.20181038 (Text)
Publications
  • Goolsbee, Austan D., and Peter J. Klenow. “Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce.” AEA Papers and Proceedings 108 (2018): 488–92. https://doi.org/10.1257/pandp.20181038.
    • ID: 10.1257/pandp.20181038 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Goolsbee, Austan D.; Klenow, Peter J. (2018): Replication data for: Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114446V1