Big Data and New Tools to Track Inflation in Real-Time

The Banque de France GVE Data Science Group and the OECD Innovation LAB are holding their annual conference, on June 28, 2022.
With the rapid pick-up in inflation in recent months, this conference aims to bring together recent research using big data and new tools on ways to track and understand inflation in real-time. These offer the potential to track price developments in a more timely, granular, accurate and higher frequency way than existing sources, providing new insights on inflation and pricing behaviour.


15h       Opening remarks

15h10   Keynote address – Alberto Cavallo (Harvard)  - New insights from big data on inflation in real-time


15h50  Price setting in Chile: Micro evidence from consumer on-line prices during the social outbreak and Covid-19 (Pena and Prades; Central Bank of Chile, Banco de España)

16h10   Short break      

16h20   What do 135 million consumer prices tell us about inflation and monetary policy transmission in the euro area ? (Gautier; Banque de France)

16h40   Forecasting UK Inflation Bottom-Up (Potjagailo, Joseph, Kalamara and Kapetanios; Bank of England)

17h       Quality Adjustment at Scale: Hedonic versus Exact Demand-Based Price Indices (Ehrlich et al.; University of Michigan)

17h20   The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID19 Pandemic (Weber, Gorodnichenko and Coibion; Chicago, Berkeley, University of Texas)

17h40   Inflation: what’s new based on text analysis from newspapers and Twitter ? (de Bandt, Bricongne, Defrasne, Denès, de Gaye, Hubert and Robert; Banque de France)

18h       Closing remarks

The conference will be held remotely (WebEx) in English and is open to all. To contact the organizers, please reply to this address

Updated on: 07/20/2022 17:06