000 01420nab a2200229 c 4500
999 _c149783
_d149783
003 ES-MaIEF
005 20240919144950.0
007 ta
008 240911s2024 us |||p| |||| 00| 0 eng d
040 _aES-MaIEF
_beng
_cES-MaIEF
041 _aeng
245 0 _aDisentangling rent index differences
_bdata, methods, and scope
_c by Brian Adams... [et al.]
260 _c2024
520 _aRent measurement determines 32 percent of the CPI. Accurate rent measurement is therefore essential for accurate inflation measurement, but the CPI rent index often differs from alternative rent inflation measures. Using repeat-rent inflation measures created from CPI microdata, we show that this discrepancy is largely explained by differences in rent growth for new tenants relative to all tenants. New-tenant rent inflation provides information about future all-tenant rent inflation, but the use of new-tenant rents is contraindicated in a cost-of-living index such as the CPI. Nevertheless, policy-makers should integrate new-tenant inflation into inflation forecasts and monetary policy decisions.
650 4 _947476
_aINDICES DE PRECIOS
650 4 _948062
_aPOLITICA MONETARIA
650 4 _946815
_aINFLACION
650 4 _948055
_aPOLITICA DE VIVIENDA
700 _971944
_aAdams, Brian
773 0 _9172272
_oOP 2145/2024/2
_tThe American Economic Review
_x 2640-205X
_g v. 6, n. 2, June 2024, p. 230-245
942 _cART