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Intro -- Contents -- I. INTRODUCTION -- II. CONCEPTS AND PRACTICAL ISSUES -- III. SOURCES OF ERROR AND BIAS IN A CPI -- IV. THE METHODS -- V. HOW TO CHOOSE AMONG METHODS: JUDGING WHICH IS BEST -- VI. CONCLUDING REMARKS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691149
The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …
Persistent link: https://www.econbiz.de/10015059656
The COVID-19 pandemic altered consumption patterns significantly in a short period of time. However, official inflation … Germany, we document how consumption patterns changed and we quantify the resulting inflation bias. We find that consumers … experienced a higher level of inflation at the beginning of the pandemic than what a fixed-weight inflation (or the official …
Persistent link: https://www.econbiz.de/10015060051
Intro -- Contents -- I. INTRODUCTION -- II. HEDONIC INDEXES -- III. WHY HEDONIC IMPUTATION AND DUMMY TIME HEDONIC INDEXES DIFFER -- IV. CHOICE BETWEEN HEDONIC INDEXES AND DUMMY TIME HEDONIC INDEXES -- V. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691089
The 2005 International Comparison Program's (ICP) estimates of economy-wide purchasing power parity (PPP) are based on parity estimates for 155 basic expenditure headings, mainly estimated using country product dummy (CPD) regressions. The estimates are potentially inefficient and open to...
Persistent link: https://www.econbiz.de/10012677508
during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding demand … disaggregated data on mortgage applications that we use allows us to study the time variations in banks' decisions to grant mortgage …
Persistent link: https://www.econbiz.de/10009618540
This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and … compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess … whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes …
Persistent link: https://www.econbiz.de/10009620961
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....
Persistent link: https://www.econbiz.de/10009621624
MORTGAGE PRODUCT INNOVATION -- II. DATA ISSUES -- References. …
Persistent link: https://www.econbiz.de/10012691040
limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime …
Persistent link: https://www.econbiz.de/10012677793