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dc.contributor.authorMcCarthy, Colmen
dc.date.accessioned2010-12-16T13:35:29Z-
dc.date.available2010-12-16T13:35:29Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aUniversity College Dublin, UCD School of Economics |cDublinen
dc.relation.ispartofseries|aUCD Centre for Economic Research Working Paper Series |xWP07/07en
dc.subject.jelC43en
dc.subject.jelC82en
dc.subject.jelD12en
dc.subject.jelE31en
dc.subject.ddc330en
dc.subject.keywordConsumer Price Indexen
dc.subject.keywordCost of Living Indexen
dc.subject.keywordPayment Approachen
dc.subject.keywordOwner-Occupied Housingen
dc.subject.stwLebenshaltungsindexen
dc.subject.stwWohneigentumen
dc.subject.stwWohnkostenen
dc.subject.stwSchätzungen
dc.subject.stwIrlanden
dc.titleOwner-occupied housing costs and bias in the Irish consumer price index-
dc.type|aWorking Paperen
dc.identifier.ppn550449442en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ucn:wpaper:200707en

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