.png){kind=icon}
.png){kind=icon}
Return
Disentangling Rent Index Differences: Data, Methods, and Scopes
.png){kind=icon}
PRE
AI
DOI：10.1257/aeri.20220685.png)
.png){kind=icon}
Original request for help.png){kind=icon}
Share.png){kind=icon}
Save
Abstract
En 中文
Rent measurement determines 32 percent of the CPI. Accurate rent measurement is therefore essential for accurate inflation measurement , but the CPI rent index often differs from alternative rent inflation measures. Using repeat -rent inflation measures created from CPI microdata , we show that this discrepancy is largely explained by differences in rent growth for new tenants relative to all tenants. New -tenant rent inflation provides information about future all -tenant rent inflation , but the use of new -tenant rents is contraindicated in a cost -of -living index such as the CPI. Nevertheless , policymakers should integrate new -tenant inflation into inflation forecasts and monetary policy decisions. ( JEL E31, E37, E52, R31 )
Keywords:
PRICE-INDEX
Journal
IF:
11.6
Papers:
5.0K
Citations:
7.5W
