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Estimating the cost of Irish housing for the CPI: A rental equivalence approach

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  • Allen-Coughlan, Matthew
  • Coffey, Cathal
  • Martinez-Cillero, Maria
  • Kostarakos, Ilias
  • McQuinn, Kieran
  • O’Toole, Conor

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  • Allen-Coughlan, Matthew & Coffey, Cathal & Martinez-Cillero, Maria & Kostarakos, Ilias & McQuinn, Kieran & O’Toole, Conor, 2020. "Estimating the cost of Irish housing for the CPI: A rental equivalence approach," Papers WP676, Economic and Social Research Institute (ESRI).
    • Handle: RePEc:esr:wpaper:wp676
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    References listed on IDEAS

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    1. Alchian, Armen A & Klein, Benjamin, 1973. "On a Correct Measure of Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(1), pages 173-191, Part I Fe.
    2. Robert J. Hill & Miriam Steurer & Sofie R. Waltl, 2017. "Owner Occupied Housing in the CPI and Its Impact On Monetary Policy During Housing Booms and Busts," Graz Economics Papers 2017-12, University of Graz, Department of Economics.
    3. W. Erwin Diewert & Kiyohiko G. Nishimura & Chihiro Shimizu & Tsutomu Watanabe, 2020. "Measuring the Services of Durables and Owner Occupied Housing," Advances in Japanese Business and Economics, in: Property Price Index, chapter 0, pages 223-298, Springer.
    4. Randal Verbrugge, 2008. "The Puzzling Divergence Of Rents And User Costs, 1980–2004," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(4), pages 671-699, December.
    5. Rigobon, Roberto & Sack, Brian, 2004. "The impact of monetary policy on asset prices," Journal of Monetary Economics, Elsevier, vol. 51(8), pages 1553-1575, November.
    6. Antonia Diaz & Maria Jose Luengo Prado, 2008. "On the User Cost and Homeownership," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 584-613, July.
    7. Robert Summers, 1973. "International Price Comparisons Based Upon Incomplete Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(1), pages 1-16, March.
    8. Martina Lawless & Kieran McQuinn & John Walsh, 2018. "Identifying Rent Pressures in Your Neighbourhood: A New Model of Irish Regional Rent Indicators," The Economic and Social Review, Economic and Social Studies, vol. 49(1), pages 73-92.
    9. Matteo Iacoviello, 2005. "House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle," American Economic Review, American Economic Association, vol. 95(3), pages 739-764, June.
    10. Ahrens, Achim & Beirne, Keelan & Economides, Philip & Kostarakos, Ilias & McQuinn, Kieran & O'Toole, Conor, 2020. "A review of the methodologies used in compiling owner-occupiers’ housing indices," Papers WP651, Economic and Social Research Institute (ESRI).
    11. Goodhart, Charles, 2001. "What Weight Should Be Given to Asset Prices in the Measurement of Inflation?," Economic Journal, Royal Economic Society, vol. 111(472), pages 335-356, June.
    12. Diewert, W. Erwin & Nakamura, Alice O. & Nakamura, Leonard I., 2009. "The housing bubble and a new approach to accounting for housing in a CPI," Journal of Housing Economics, Elsevier, vol. 18(3), pages 156-171, September.
    13. Matthew Rognlie, 2015. "Deciphering the Fall and Rise in the Net Capital Share," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 50(1 (Spring), pages 1-69.
    14. McQuinn, Kieran, 2017. "Irish house prices: Déjà vu all over again?," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
    15. W. Erwin Diewert & Alice O. Nakamura, 2009. "Accounting for housing in a CPI," Working Papers 09-4, Federal Reserve Bank of Philadelphia.
    16. Matthew Rognlie, 2015. "Deciphering the Fall and Rise in the Net Capital Share: Accumulation or Scarcity?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(1 (Spring), pages 1-69.
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    Cited by:

    1. Eiglsperger, Martin & Ganoulis, Ioannis & Goldhammer, Bernhard & Kouvavas, Omiros & Roma, Moreno & Vlad, Aurelian, 2024. "Owner-occupied housing and inflation measurement," Statistics Paper Series 47, European Central Bank.

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