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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27352 |
来源ID | Working Paper 27352 |
Inflation with Covid Consumption Baskets | |
Alberto Cavallo | |
发表日期 | 2020-06-15 |
出版年 | 2020 |
语种 | 英语 |
摘要 | The Covid-19 Pandemic has led to changes in consumer expenditure patterns that can introduce significant bias in the measurement of inflation. I use data collected from credit and debit transactions in the US to update the official basket weights and estimate the impact on the Consumer Price Index (CPI). I find that the Covid inflation rate is higher than the official CPI in the US, for both headline and core indices. I also find similar results with Covid baskets in 10 out of 16 additional countries. The difference is significant and growing over time, as social-distancing rules and behaviors are making consumers spend relatively more on food and other categories with rising inflation, and relatively less on transportation and other categories experiencing significant deflation. |
主题 | Econometrics ; Estimation Methods ; Macroeconomics ; Consumption and Investment ; Business Cycles ; COVID-19 |
URL | https://www.nber.org/papers/w27352 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585025 |
推荐引用方式 GB/T 7714 | Alberto Cavallo. Inflation with Covid Consumption Baskets. 2020. |
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w27352.pdf(305KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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