Housing price indexes should not confound the effect of changes in quality with the effects of changing house prices. A … estimation at fixed points, such as the beginning or ending period housing characteristics. Indexes using these estimates are …

rate of housing prices. To understand the behavior of housing prices and their influence on the economy, it is crucial to … have an accurate measure of aggregate housing prices. In practice, however, it is difficult to develop such a measure …” measure of housing prices. Each of the three methodologies has conceptual advantages and disadvantages, and the empirical …

prices do reflect the effects of the settlement delay. …

with price stability. Because stable prices are essential to maximum long-term economic growth and living standards, the … first examines the behavior of inflation over the past year, showing that sharp increases in food and energy prices caused … most overall inflation measures to rise, while inflation in nonfood and nonenergy prices slowed. Second, he shows that …

The plunge in world oil prices has brought further difficulties to U.S. oil production, which has been declining in … recent years. At the current low prices, most domestic oil wells are not profitable. This calls into question the long … century will depend on how long oil prices remain at their current low levels.> Lamb and Wilkerson show how the recent low …