Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297096 
Year of Publication: 
2023
Series/Report no.: 
Bank of Canada Staff Discussion Paper No. 2023-27
Publisher: 
Bank of Canada, Ottawa
Abstract: 
What are the implications of digitalization for prices? This paper explores this question by looking at the various channels through which digitalization can affect prices. First, we assess the importance of the direct channel - the prices of digital goods and services in the consumer price index (CPI) basket. Then we discuss indirect channels related to automation and cost reduction as well as competition and markup. We also review the rise of e-commerce and how it can affect price-setting behaviour. Finally, we highlight important questions yet to be answered that will enhance our understanding of digitalization's impact on prices.
Subjects: 
Digitalization
Inflation and prices
Market structure and pricing
Monetary policy
JEL: 
D
D2
E
E3
E31
E5
E52
L
L1
L11
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.