About Us Our research uses high-frequency item-level data to study pricing topics in Macroeconomics. Billion Prices Project BPP _9730c050-1ebb-11e2-9868-81573736e24c The Billion Prices Project is an academic initiative that uses prices collected from hundreds of online retailers around the world on a daily basis to conduct economic research. BPP Team The BPP is led by Professors Roberto Rigobon and Alberto Cavallo at the MIT Sloan School of Management. We thank all the current and past MIT students that participated in the project through MIT’s UROP program for their help and enthusiasm. For our technology and computational needs, we receive outstanding help from Mark Riedesel, Chay Casso, Armand Doucette, Ray Faith, Ken Valentine, and others at Sloan Technology Services. We also thank the members of SIPB at MIT for hosting this page. Roberto Rigobon Professor of Economics, Applied Economics Group, MIT – Sloan School of Management Alberto Cavallo Assistant Professor of Economics, Applied Economics Group, MIT – Sloan School of Management Mark Riedesel Chay Casso Armand Doucette Ray Faith Ken Valentine Sloan Technology Services SIPB at MIT MIT Sloan School of Management The Sponsors - We are extremely thankful to the MIT Sloan School of Management for its financial support. PriceStats If you are looking for more high-frequency inflation data across countries and sectors, please contact PriceStats, the company that collects the online data we use in our research initiatives and experimental indexes. http://www.pricestats.com/ _9730c6d6-1ebb-11e2-9868-81573736e24c To use high-frequency item-level data to study pricing topics in Macroeconomics. _9730c7bc-1ebb-11e2-9868-81573736e24c Pricing Behavior Study pricing behavior _9730c83e-1ebb-11e2-9868-81573736e24c 1 Pricing Behavior: What drives price stickiness around the world? How much can be explained by current inflation, and inflation histories? How much by competition and industries’ structure? Are prices synchronized? Price Stickiness Determine what drives price stickiness around the world _9730c8b6-1ebb-11e2-9868-81573736e24c 1.1 2ad0d1ea-47d5-4208-b212-ed6791214297 Inflation Determine how much can be explained by current inflation, and inflation histories _9730c92e-1ebb-11e2-9868-81573736e24c 1.2 e26b0e01-dc03-4777-94d4-da95736bcc99 Competition & Industry Structure Determine how much can be explained by competition and industries’ structure _9730c9a6-1ebb-11e2-9868-81573736e24c 1.3 bc4dd2ad-6edf-466c-99f0-bbea8d987e31 Synchronization Determine whether prices are synchronized _9730ca1e-1ebb-11e2-9868-81573736e24c 1.4 09689db9-1618-4af8-9cc6-636ad713450d Daily Inflation & Asset Prices Construct daily inflation indexes _9730ca96-1ebb-11e2-9868-81573736e24c 2 Daily Inflation and Asset Prices: We construct daily inflation indexes across countries and sectors and study their ability to match official statistics. We also study the links between daily inflation, asset prices, and inflation expectations. Consistency Determine the ability of our inflation indexes to match official statistics _9730cb22-1ebb-11e2-9868-81573736e24c 2.1 30f53535-87fc-4ca6-b03b-b1ecb4f00a4f Links Determine the links between daily inflation, asset prices, and inflation expectations _9730cbc2-1ebb-11e2-9868-81573736e24c 2.2 a9b1dc0c-47be-495b-bf79-bce1091da09d Pass-Through Determine how much prices adjust internally when the exchange rate, or the international price of commodities change _9730cc4e-1ebb-11e2-9868-81573736e24c 3 Pass-Through: How much do prices adjust internally when the exchange rate, or the international price of commodities change? 48b28109-c5e0-4cb2-b9e5-1630a958bca3 c338d6c7-1dae-4184-b7dd-281a77deb00f Green Markups Determine the premium paid for “green” or “organic” products _9730ccd0-1ebb-11e2-9868-81573736e24c 4 Green Markups: What premium is paid in stores for “green” or “organic” products? Since we have data from multinational retailers, we can compute premium differences - for exactly the same items- in different places. 97059af5-ed3e-4b3a-82e5-ef38c4b15554 14b3a7d5-b8b7-40c0-8100-3d779bffc69f 2012-10-25 http://bpp.mit.edu/ Owen Ambur Owen.Ambur@verizon.net Submit error.