Using house prices to compute the price of housing in the CPI
AbstractRental-equivalence is often used in computing price changes of owner-occupied housing in the CPI. We use an alternative approach, employing interest-adjusted house prices. For Norway 2000-2008 our method yielded a 30% CPI-increase, compared to the official 17%.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 106 (2010)
Issue (Month): 3 (March)
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Web page: http://www.elsevier.com/locate/ecolet
Consumer price index Inflation measurement Owner-occupied housing;
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