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