Research

Alberto Cavallo, Paola Llamas, Franco Vazquez

Working Paper (2026)

We examine the effects of the 2025 U.S. tariff measures in real time using high-frequency pricing data and product-level detail.

Alberto Cavallo, Julian Hidalgo, Gaston Garcia Zavaleta, Oleksiy Kryvtsov, and Matias Vieyra

Work in progress

We study how differences in price growth across cheaper and premium product varieties contribute to inflation inequality.

Santiago Alvarez-Blaser, Alberto Cavallo, Alexander MacKay, Paolo Mengano

Working Paper, revised February 2026

We study markups and pricing strategies along the supply chain.

Alberto Cavallo, Olena Kostyshyna, Oleksiy Kryvtsov, and Matias Vieyra

We study how Canada’s 2025 retaliatory tariffs affected retail prices and how quickly those effects reversed after the tariffs were removed.

Alberto Cavallo and Oleksiy Kryvtsov

Journal of Monetary Economics 148 (2024), 103644

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the inflation burden.

Alberto Cavallo, Francesco Lippi and Ken Miyahara

American Economic Review: Insights 6 (4), 558–574 (2024)

We identify robust price-setting patterns following a large supply shock.