| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29795 |
| 来源ID | Working Paper 29795 |
| The Coming Rise in Residential Inflation | |
| Marijn A. Bolhuis; Judd N. L. Cramer; Lawrence H. Summers | |
| 发表日期 | 2022-02-28 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States. Housing held down overall inflation in 2021. Despite record growth in private market-based measures of home prices and rents, government measured residential services inflation was only four percent for the twelve months ending in January 2022. After explaining the mechanical cause for this divergence, we estimate that, if past relationships hold, the residential inflation components of the CPI and PCE are likely to move close to seven percent during 2022. These findings imply that housing will make a significant contribution to overall inflation in 2022, ranging from one percentage point for headline PCE to 2.6 percentage points for core CPI. We expect residential inflation to remain elevated in 2023. |
| 主题 | Macroeconomics ; Business Cycles ; Regional and Urban Economics ; Real Estate ; COVID-19 |
| URL | https://www.nber.org/papers/w29795 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587469 |
| 推荐引用方式 GB/T 7714 | Marijn A. Bolhuis,Judd N. L. Cramer,Lawrence H. Summers. The Coming Rise in Residential Inflation. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29795.pdf（356KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
