4 min read.Updated: 16 Jul 2018, 10:12 PM ISTLivemint
It is an area rich in data waiting to be minedand the results could bring more clarity to India's perennial inflation debates
Jeff Bezos is an exceedingly ambitious man. But even he is unlikely to have imagined the full range of economic consequences of the spread of e-commerce when he founded Amazon back in 1995. A recent National Bureau of Economic Research (NBER) paper, Internet Rising, Prices Falling: Measuring Inflation In A World Of E-Commerce, by Austan D. Goolsbee and Peter J. Klenow, studies those consequences. There are lessons here for Indian policymakers.
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