NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Using Online Prices for Measuring Real Consumption Across Countries

Alberto Cavallo, W. Erwin Diewert, Robert C. Feenstra, Robert Inklaar, Marcel P. Timmer

NBER Working Paper No. 24292
Issued in February 2018
NBER Program(s):The International Finance and Macroeconomics Program, The International Trade and Investment Program

We show that online prices can be used to construct quarterly purchasing power parities (PPPs) with a closely-matched set of goods and identical methodologies in a variety of developed and developing countries. Our results are close to those reported by the International Comparisons Program (ICP) in 2011 and the OECD in 2014, and can be used to obtain more up-to-date estimates of real consumption across countries without the need for consumer price index extrapolations. We discuss advantages and limitations associated with the use of online prices for PPs, including issues of representativeness and limited coverage of product categories and countries.

download in pdf format
   (383 K)

email paper

A non-technical summary of this paper is available in the June 2018 NBER Digest.  You can sign up to receive the NBER Digest by email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w24292

Published: Alberto Cavallo & W. Erwin Diewert & Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2018. "Using Online Prices for Measuring Real Consumption across Countries," AEA Papers and Proceedings, vol 108, pages 483-87. citation courtesy of

Users who downloaded this paper also downloaded* these:
Eggertsson, Robbins, and Wold w24287 Kaldor and Piketty’s Facts: The Rise of Monopoly Power in the United States
Evans and Schmalensee w11603 The Industrial Organization of Markets with Two-Sided Platforms
Raskin and Yermack w22238 Digital Currencies, Decentralized Ledgers, and the Future of Central Banking
Taddy w24301 The Technological Elements of Artificial Intelligence
Jorgenson, Ho, and Samuels w22453 Education, Participation, and the Revival of U.S. Economic Growth
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us