Using house prices to compute the price of housing in the CPI

C-Tier

Journal: Economics Letters

Year: 2010

Volume: 106

Issue: 3

Pages: 238-240

Authors (3)

Beatty, Timothy K.M. (University of California-Davis) Larsen, Erling Røed (not in RePEc) Sommervoll, Dag Einar (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

Rental-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%.

Using house prices to compute the price of housing in the CPI

Authors (3)

Abstract

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