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In this paper, they are using Canadian debit card dataset. I am not sure where to get such a dataset.

http://www.cirano.qc.ca/pdf/publication/2009s-23.pdf

My broad question is what kind of indicator can I use that indicates real-time economic activity of the people? Something that indicates how much people are buying on an hourly basis for an example. I am willing to look at unconventional datasets or willing to scrape information from scratch.

I thought about using Amazon review timestamps for example, but I know want to when people are buying something. Specially over the United States or smaller.

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The projects developed by Alberto Cavallo and Roberto Rigobon could be a source of inspiation.

The Billion Prices Project is an academic initiative that uses prices collected from hundreds of online retailers around the world on a daily basis to conduct economic research. This page shows their most recent research leveraging high-frequency price data, as well as the US daily inflation index (updated monthly).

Here are the datasets on Online Micro Price Data, Global Retailers Data...

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  • $\begingroup$ Can you elaborate on why do you wish a sub-daily frequency? $\endgroup$ – emeryville Jan 19 '17 at 19:50
  • $\begingroup$ I don't work in the field of economics. But I have a very high resolution rainfall dataset (in temporal resolution of minutes). I wanted to do some "fun" analysis to see if people buy more when it rains outside. More time spent outdoors = more time spent shopping. Hence, I was looking for any dataset that would correlate with shopping behavior or economic activity like credit card transaction data. $\endgroup$ – maximusdooku Jan 19 '17 at 19:52
  • $\begingroup$ In econ, aggregating your data at the day level (and merging with the Billion Prices Project data) would still be called high frequency data ;-)! Note that the correlation could be reversed, when it rains outside I stay home. $\endgroup$ – emeryville Jan 19 '17 at 20:05
  • $\begingroup$ With online retailing, this trend may have reversed, right? Earlier not going out meant not shopping. Today, it might be the opposite. Thank you for the insight. $\endgroup$ – maximusdooku Jan 19 '17 at 20:16

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