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including OOH in the HICP to derive a new inflation index. We discuss the conceptual and measurement issues involved …. We show that since 2011 the estimated impact of including OOH in HICP annual inflation, based on either the "net … suggests that including OOH based on the rental equivalence approach decreases the cyclicality of the new inflation index …
Persistent link: https://www.econbiz.de/10014486742
of an inflation, induced primarily by monetary forces, when nominal wages failed to keep pace with the rise in consumer …
Persistent link: https://www.econbiz.de/10005704755
Irish headline rate of consumer price inflation by 0.4 percentage points. Furthermore, we show there are considerable … differences in the inflation rate if new relative to existing rents are used in the rental equivalence measures with measures …
Persistent link: https://www.econbiz.de/10012606233
monetary policy decision making: the use of a broader inflation measure that gives substantial weight to house prices and is … considered along with headline CPI inflation. We argue that, in terms of theory, the broader inflation gauge is at least as … suitable for measuring the value of money as headline CPI inflation is, but we also acknowledge practical problems that arise …
Persistent link: https://www.econbiz.de/10011690947
Irish headline rate of consumer price inflation by 0.4 percentage points. Furthermore, we show there are considerable … differences in the inflation rate if new relative to existing rents are used in the rental equivalence measures with measures …
Persistent link: https://www.econbiz.de/10012318649
This paper develops a Bayesian quantile regression model with time-varying parameters (TVPs) for forecasting in ation risks. The proposed parametric methodology bridges the empirically established benefits of TVP regressions for forecasting in ation with the ability of quantile regression to...
Persistent link: https://www.econbiz.de/10012643282
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
Persistent link: https://www.econbiz.de/10011852813
resulted in a substantial over-statement of inflation in recent quarters, and that the over-statement will continue for some …
Persistent link: https://www.econbiz.de/10010272360
Housing co-operatives, also known as “tenant-owner co-operative housing”, provide an alternative to both renting and owning a dwelling. As an indirect form of ownership, it poses some conceptual and practical issues to anyone aiming at compiling a price index covering all forms of...
Persistent link: https://www.econbiz.de/10011258955
resulted in a substantial over-statement of inflation in recent quarters, and that the over-statement will continue for some …
Persistent link: https://www.econbiz.de/10005685958