|Alberto Cavallo is the Cecil and Ida Green Career Development Assistant Professor of Applied Economics at the MIT Sloan School of Management, and a Faculty Research Fellow at the National Bureau of Economic Research. |
Alberto Cavallo's research focuses on the micro-level behavior of prices and its implications for macroeconomic models and policies. His empirical work is based on the use of daily data collected from hundreds of online retailers around the world. He co-founded the Billion Prices Project at MIT, an academic initiative that pioneered the use of online data to conduct research on high-frequency price dynamics and inflation measurement. He is also a co-founder of PriceStats, the leading global provider of inflation statistics, and Dineromail, the first online-payments company in Latin America,
Alberto received a B.S. fron Universidad de San Andres in Argentina in 2000, an MBA from MIT Sloan in 2005 and a Ph.D. from Harvard University in 2010. He is married and has a son.
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Massachusetts Institute of Technology
Sloan School of Management
100 Main Street, Office E62-512
Cambridge, MA 02142
Macroeconomics, Monetary Economics
15.012 Applied Macro and International Economics
Published and Forthcoming Papers
• "Currency Unions, Product Introductions, and the Real Exchange Rate" (with Brent Neiman and Roberto Rigobon) - Quarterly Journal of Economics - May 2014 - Vol. 129 (2) Online Appendix
• "Online vs Official Price Indexes: Measuring Argentina′s Inflation" - Journal of Monetary Economics. December 2012 | Presentation | Data Argentina
• "Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880-1913". Joint with Michael Bordo and Christopher Meissner. Journal of Development Economics, Volume 91, Issue 2, Pages 185-364. March 2010.
• "Are Crises Good for Growth? The Role of Political Institutions". Joint with Eduardo Cavallo. Journal of Macroeconomics, Vol 32, Pages 838-857 March 2010.
• NEW "The Price Impact of Joining a Currency Union: Evidence from Latvia"(with Brent Neiman and Roberto Rigobon). NBER Working Paper 20225, June 2014.
• "Inflation Expectations, Learning, and Supermarket Prices: Evidence from Field Experiments", (with Guillermo Cruces and Ricardo Perez-Truglia). December 2013.
• "Prices and Supply Disruptions during Natural Disasters" (with Eduardo Cavallo and Roberto Rigobon). NBER Working Paper 19474. September 2013. Coverage: Column in Slate.
• "Distance and Political Boundaries: Estimating Border Effects under Inequality Constraints" (with Fernando Borraz, Roberto Rigobon, and Leandro Zipitria)- NBER Working Paper 18122. Download NBER version.
• NEW "Price settings in online markets: Basic facts, international comparisons, and cross-border integration" by Yuri Gorodnichenko & Oleksandr Talavera. - NBER Summer Institute 2014. Data and scripts used for the discussion.
• Big Data: A Revolution That Will Transform How We Live, Work, and Think By Mayer-Schonberger & Cukier, April 2013
• Rethinking how the Inflation Rate is calulated NPR - Marketplace, April 17th 2013
• A 21st-century approach to democratizing data FCW, October 24th 2012
• Which of these is not like the others? The Economist, February 24th 2012
• Price in a trice The Economist, June 23rd 2011
• Soaring inflation? Not with 9% unemployment USA Today, June 9th 2011
• A Billion Prices Now The New Yorker. May 30th 2011
• The Prices Are Right Scientific American. May 2011
• The Billion Price Preview- Paul Krugman's Blog, March 28th 2011
• New Indications of Inflation EconBrowser - by James Hamilton. February 20th 2011
• The Billion Price Index- Paul Krugman's Blog, February 18th 2011
• Innovator: Alberto Cavallo- Businessweek, February 10th 2011
• The Price is Right- MIT News January 14th 2011
• 10th Annual Year in Ideas – "The Real-Time Inflation Calculator" - New York Times Magazine.- Dec 19th 2010
• Economists programs are beating U.S. at tracking inflation-Washington Post -Dec 25th 2010
• Economists are creating new methods for tracking prices.-Slate Magazine- Dec 20th 2010
• Billion Prices Project EconBrowser - by James Hamilton. Nov 17th 2010
• A Way, Day by Day, of Gauging Prices Wall Street Journal. Nov 10th 2010