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What Opportunities Do New Technologies Bring About for Price Statistics?

Author

Listed:
  • Vladimir Bessonov

    (National Research University Higher School of Economics)

Abstract

The paper discusses new opportunities for Russian price statistics that present-day information and communication technologies bring about. The paper is a response to the study Isakov et al. (2021) dedicated to the effort of developing a toolset to build a price quotation database through automated internet data collection and construction of consumer price indexes based on it. Discussed are the potential implications of this activity for price statistics.

Suggested Citation

  • Vladimir Bessonov, 2021. "What Opportunities Do New Technologies Bring About for Price Statistics?," Russian Journal of Money and Finance, Bank of Russia, vol. 80(1), pages 120-126, March.
    • Handle: RePEc:bkr:journl:v:80:y:2021:i:1:p:120-126
    DOI: 10.31477/rjmf.202101.120
    as

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    References listed on IDEAS

    as
    1. V. Bessonov., 2015. "What Will the Modern Russian Statistics Have in Store for History?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 1.
    2. Alex Isakov & Rodion Latypov & Andrey Repin & Egor Postolit & Alexey Evseev & Elena Sinelnikova-Muryleva, 2021. "Hard Numbers: Open Consumer Price Database," Russian Journal of Money and Finance, Bank of Russia, vol. 80(1), pages 104-119, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    database; big data; consumer price index; internet; information and communication technologies; corona crisis;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General

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