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.
- Language
-
Englisch
- Bibliographic citation
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Series: Bank of Canada Staff Working Paper ; No. 2021-52
- Classification
-
Wirtschaft
Firm Behavior: Empirical Analysis
Price Level; Inflation; Deflation
- Subject
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Inflation and prices
Coronavirus disease (COVID-19)
- Event
-
Geistige Schöpfung
- (who)
-
Cavallo, Alberto
Kryvtsov, Oleksiy
- Event
-
Veröffentlichung
- (who)
-
Bank of Canada
- (where)
-
Ottawa
- (when)
-
2021
- DOI
-
doi:10.34989/swp-2021-52
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Cavallo, Alberto
- Kryvtsov, Oleksiy
- Bank of Canada
Time of origin
- 2021
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