Crone, Theodore M.; Nakamura, Leonard I.; Voith, Richard - Federal Reserve Bank of Philadelphia - 2006
Until the end of 1977, the U.S. consumer price index for rents tended to omit rent increases when units had a change of tenants or were vacant, biasing inflation estimates downward. Beginning in 1978, the Bureau of Labor Statistics (BLS) implemented a series of methodological changes that...
