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Irish headline rate of consumer price inflation by 0.4 percentage points. Furthermore, we show there are considerable … differences in the inflation rate if new relative to existing rents are used in the rental equivalence measures with measures …
Persistent link: https://www.econbiz.de/10012606233
As a rental unit ages, its quality typically falls; a failure to correct for this would result in downward bias in the CPI. We investigate the BLS age bias imputation and explore two potential categories of error: approximations related to the construction of the age bias factor, and model...
Persistent link: https://www.econbiz.de/10005063057
over fundamentals. Our findings suggest that inflation (excluding house prices) responds asymmetrically with more impact on … future inflation from turning points at peaks of overevaluation compared to turning points at troughs of underevaluation; and … the turning points appear to have independent forecasting ability for inflation. This suggests that house prices have …
Persistent link: https://www.econbiz.de/10005264586
The article presents the author's model of pricing at the housing market. Economic indicators according to which the analysis should be carried out are defined in this article. The analysis of prices at the housing market of CIS countries on the example of Moscow in the post-Soviet period is...
Persistent link: https://www.econbiz.de/10011259018
This paper investigates the long-run impact of inflation on homeowner equity in South Africa by analysing the … expenditure. In general, we infer that house prices in South Africa provide a stable, but quantitatively minor, inflation hedge in …
Persistent link: https://www.econbiz.de/10010545740
The arrival of immigrants increases demand for housing and puts upward pressure on shelter prices. Using instrumental variables based on the ancestry composition of residents in US counties, we estimate the causal impact of immigration on local shelter prices. We show that the impact of...
Persistent link: https://www.econbiz.de/10015098506
"Leaning against the wind" - a tighter monetary policy than necessary for stabilizing inflation around the inflation …
Persistent link: https://www.econbiz.de/10010227164
then estimate alternative inflation rates for tenant rent and owners’ equivalent rent based on American Housing Survey data …, following BLS methodology as closely as possible. Our alternative tenant rent inflation series is generally consistent with the … corresponding BLS series. However, our alternative owners’ equivalent rent inflation series is consistently lower than the …
Persistent link: https://www.econbiz.de/10003948234
In this paper, we explore the impact of a housing rent inflation cap of 4 per cent on price changes for tenancy … micro panel dataset at the property level in Ireland. We find the overall inflation rate fell by 3 percentage points …
Persistent link: https://www.econbiz.de/10012136805
Irish headline rate of consumer price inflation by 0.4 percentage points. Furthermore, we show there are considerable … differences in the inflation rate if new relative to existing rents are used in the rental equivalence measures with measures …
Persistent link: https://www.econbiz.de/10012318649