Using house prices to compute the price of housing in the CPI
Journal article, Peer reviewed
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Date
2010Metadata
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Original version
Economics Letters, 106(2010)3: 238-240 http://dx.doi.org/10.1016/j.econlet.2009.12.009Abstract
Rental-equivalence is often used in computing price changes of owner-occupied housing in the CPI. We employ an alternative approach, employing interest-adjusted house prices. For Norway 2000-2008 our method yielded a 30% CPI-increase, compared to the official 17%
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This is the authors’ final, accepted and refereed manuscript to the article