Arbeitspapier
What can stockouts tell us about inflation? Evidence from online micro data
We use a detailed micro dataset on product availability to construct a direct high frequency measure of consumer product shortages during the 2020-21 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 product shortages have significant but transitory inflationary effects and that these effects can be associated with elevated costs of replenishing inventories.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Staff Working Paper ; No. 2021-52
- Klassifikation
-
Wirtschaft
Firm Behavior: Empirical Analysis
Price Level; Inflation; Deflation
- Thema
-
Inflation and prices
Coronavirus disease (COVID-19)
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cavallo, Alberto
Kryvtsov, Oleksiy
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2021
- DOI
-
doi:10.34989/swp-2021-52
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Cavallo, Alberto
- Kryvtsov, Oleksiy
- Bank of Canada
Entstanden
- 2021
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