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This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …
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The U.S. inflation measures, such as the Consumer Price Index, are adjusted for rent depreciation based on a 1988 … estimate. This study estimates rent depreciation by using a novel rental-listing data set for the Las Vegas metropolitan area … old and small houses, respectively. Our result suggests that local inflation rates are biased downward where new and large …
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can be derived from the fundamental equation of capital theory. Concerns about these approaches are taken up. We go on to … attention to the need for more direct measures of inflation for owner-occupied housing services. In a 2007 paper, Mishkin argues … of the financial system. However, the official mandates of central banks typically focus on managing measured inflation …
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