Inflation and Broadband Revisited: Evidence from an OECD Panel

A Replication Study of Yi and Chio (Journal of Policy Modeling, 2005)

This note revisits the conjecture that the use of broadband internet lowers transaction costs and thereby inflation. Using a macroeconomic panel of OECD countries, it roughly confirms previous findings reported by Yi and Choi (2005) by addressing conceptual and econometric issues. The folder contains the data file as well as the do- and log-files (all are STATA files).