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In this paper, we implement a new measure, the rental equivalence approach, in estimating the cost of Irish housing for the purposes of the consumer price index (CPI). The cost of housing composes both the cost of owner occupier housing (OOH) as well as the cost of renting. This work, which is...
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I estimate the impact of new housing supply on the local rent distribution, exploiting delays in housing completions … by 0.2 percent, and increases disproportionately the number of second-hand units offered for rent. The impact of the … supply shock is similarly strong in locations experiencing growing housing demand. Moreover, it affects the entire rent …
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available for rent for a larger part of the year. Further analyses suggest some effect heterogeneity across the city. In …
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