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https://hdl.handle.net/10419/43342
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | McCarthy, Colm | en |
dc.date.accessioned | 2010-12-16T13:35:29Z | - |
dc.date.available | 2010-12-16T13:35:29Z | - |
dc.date.issued | 2007 | - |
dc.identifier.uri | http://hdl.handle.net/10419/43342 | - |
dc.description.abstract | The treatment of owner-occupied housing costs is a recurring problem in the construction of consumer price indices, and there are competing methodologies. In the most widely-used Irish index, the Payments Approach, which attaches a weight to a term involving historical house prices and an interest rate, is used to measure these costs. It is argued that this has resulted in a substantial over-statement of inflation in recent quarters, and that the over-statement will continue for some time. The Irish version of Eurostat's Harmonised Index of Consumer Prices, recently running well below the CPI, is a more reliable guide. Few national statistical offices use the Payments Approach, and it is argued that the procedure used in Ireland should be reviewed. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity College Dublin, UCD School of Economics |cDublin | en |
dc.relation.ispartofseries | |aUCD Centre for Economic Research Working Paper Series |xWP07/07 | en |
dc.subject.jel | C43 | en |
dc.subject.jel | C82 | en |
dc.subject.jel | D12 | en |
dc.subject.jel | E31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Consumer Price Index | en |
dc.subject.keyword | Cost of Living Index | en |
dc.subject.keyword | Payment Approach | en |
dc.subject.keyword | Owner-Occupied Housing | en |
dc.subject.stw | Lebenshaltungsindex | en |
dc.subject.stw | Wohneigentum | en |
dc.subject.stw | Wohnkosten | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Irland | en |
dc.title | Owner-occupied housing costs and bias in the Irish consumer price index | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 550449442 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:ucn:wpaper:200707 | en |
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