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dc.contributor.authorMcCarthy, Colmen_US
dc.date.accessioned2010-12-16T13:35:29Z-
dc.date.available2010-12-16T13:35:29Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/43342-
dc.description.abstractThe 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_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesWorking paper series // UCD Centre for Economic Research 2007/07en_US
dc.subject.jelC43en_US
dc.subject.jelC82en_US
dc.subject.jelD12en_US
dc.subject.jelE31en_US
dc.subject.ddc330en_US
dc.subject.keywordConsumer Price Indexen_US
dc.subject.keywordCost of Living Indexen_US
dc.subject.keywordPayment Approachen_US
dc.subject.keywordOwner-Occupied Housingen_US
dc.subject.stwLebenshaltungsindexen_US
dc.subject.stwWohneigentumen_US
dc.subject.stwWohnkostenen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwIrlanden_US
dc.titleOwner-occupied housing costs and bias in the Irish consumer price indexen_US
dc.typeWorking Paperen_US
dc.identifier.ppn550449442en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, UCD School of Economics, University College Dublin (UCD)

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