Using house prices to compute the price of housing in the CPI

Beatty, Timothy K. M.; Røed Larsen, Erling; Sommervoll, Dag Einar
Journal article, Peer reviewed
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URI
http://hdl.handle.net/11250/93878
Date
2010
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Original version
Economics Letters, 106(2010)3: 238-240   10.1016/j.econlet.2009.12.009
Abstract
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
Publisher
Elsevier
Journal
Economics Letters