期刊名称：Business Review - Federal Reserve Bank of Philadelphia
印刷版ISSN：0007-7011
出版年度：2007
卷号：2
出版社：Federal Reserve Bank of Philadelphia
摘要：Two recent studies have concluded that for
roughly four decades the measure of inflation
for rents in the U.S. consumer price index
was substantially underestimated. Why should
this mismeasurement be of concern? In this article, Len
Nakamura explains that rents are important in measuring
the price of housing services for homeowners as well as
renters. They are also the main standard against which
market participants and others weigh the reasonableness
of house prices. In addition, such mismeasurement affected
the estimated rate of overall inflation faced by U.S.
households during this historical episode.
