| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29209 |
| 来源ID | Working Paper 29209 |
| What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data | |
| Alberto Cavallo; Oleksiy Kryvtsov | |
| 发表日期 | 2021-09-06 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020–2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of shortages evolved from many temporary stockouts to mostly discontinued products, concentrated in fewer sectors. We show that unexpected product shortages have significant inflationary effects within three months. We develop a model of inventories in a sector facing both demand and cost disturbances, and use the observed joint dynamics of stockouts and prices to show that these effects can be associated with elevated cost of replenishing inventories. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Business Cycles ; COVID-19 |
| URL | https://www.nber.org/papers/w29209 |
| 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/586882 |
| 推荐引用方式 GB/T 7714 | Alberto Cavallo,Oleksiy Kryvtsov. What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29209.pdf（1431KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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