recently published in IREE

Inflation and Broadband Revisited: Evidence from an OECD Panel. A replication study of Yi and Choi (Journal of Policy Modeling, 2005)

by Klaus Friesenbichler

This note revisits the conjecture that the use of broadband internet lowers transaction costs and thereby inflation. Using a macro-economic panel of OECD countries, it replicates and expands previous estimations by Yi and Choi (2005). We confirm the direction of the results, but also highlight a series of conceptual and econometric issues in the original contribution that need to be addressed.

ยป Read this replication study here.


Welcome to IREE: the journal for replications in empirical economics.


The International Journal for Re-Views in Empirical Economics (IREE) is the first journal for the publication of replication studies based on micro economic data. Furthermore, IREE publishes systematic reviews, micro data sets and descriptions thereof, and articles dealing with replication methods and the development of standards for replications. IREE is an e-journal and articles are published continuously after passing a fast peer-review process. Along with the article, authors must submit the underlying data and programming. The several parts of the publications (article, data, and programming) are each provided with a DOI to be citable in due form and restored in a data archive. IREE is an open access journal and all content is without any charge to the users and authors. We aim to support transparent and open research based on micro-economic data and thereby to improve research quality in empirical economics.