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El precio de la vivienda y la inflación en España

Author

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  • Bellod Redondo, José Francisco

    (Universidad Politécnica de Cartagena, España)

Abstract

Housing prices in Spain have increased heavily since 1999, increasing household financial effort needed to buy a house. Inflation data, obtained from HIPC (Harmonized Index of Consumer Prices) has reached very low values in this period. HIPC design doesn’t include housing prices and Housing prices and then a very problematic question arises: Are we measuring inflation correctly? In this paper we offer a methodological strategy to correct inflation measurement bias due to HIPC housing treatment.// El precio de la vivienda en España ha experimentado un incremento muy intenso desde 1999 aumentando el esfuerzo financiero que los hogares han de realizar para su adquisición. Por lo contrario, la inflación, medida a partir del índice de precios al consumo armonizado (IPCA), ha tenido valores históricamente reducidos en ese mismo periodo. Dado que el precio de la vivienda no forma parte de la construcción del IPCA surge la duda de si la inflación se está midiendo correctamente. En este artículo elaboramos una estrategia metodológica para corregir el sesgo en la medición de la inflación debido al actual tratamiento de la vivienda.

Suggested Citation

  • Bellod Redondo, José Francisco, 2009. "El precio de la vivienda y la inflación en España," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(302), pages 379-405, abril-jun.
  • Handle: RePEc:elt:journl:v:76:y:2009:i:302:p:379-405
    DOI: http://dx.doi.org/10.20430/ete.v76i302.488
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    File URL: http://www.eltrimestreeconomico.com.mx/index.php/te/article/view/488/526
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    References listed on IDEAS

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    Cited by:

    1. José Francisco Bellod Redondo, 2011. "Detección de burbujas inmobiliarias: el caso español," Contribuciones a la Economía, Grupo Eumed.net (Universidad de Málaga), issue 2011-05, May.
    2. José Francisco Bellod Redondo, 2011. "La función de producción de Cobb-Douglas y la economía española," Revista de Economía Crítica, Asociación de Economía Crítica, vol. 12, pages 9-38.

    More about this item

    Keywords

    True cost-of-living index; compensation index; price index of housing; índice del costo de vida; índice de compensación; índice de los precios de la vivienda;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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    1. Inflación in Wikipedia Spanish ne '')

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