منابع مشابه
Measuring Underlying Inflation
The primary goal of monetary policy in most countries is low infl ation. And a major consideration for the monetary policy decision is the forecast for infl ation over the next couple of years. One important input into these forecasts is a judgment on the current level of infl ationary pressures. But, unfortunately, the data for headline infl ation released each quarter (in Australia) or each m...
متن کاملInflation , Nominal Debt , Housing , and Welfare ∗
This paper evaluates the welfare effects of lowering the long-run inflation target in a life-cycle model of housing, nominal debts, and money (ie., a liquid asset). To smooth out idiosyncratic earnings risk, agents make portfolio choices in the presence of transactions costs and borrowing constraints. We find that lowering inflation from 2% to 1% improves welfare and that the welfare gain is ev...
متن کاملMeasuring Housing Affordability in Beijing
Housing affordability is the relationship between households’ income and housing expenditure. The public are very concerned about the high price of residential housing in Beijing, which is considered go beyond the income of average citizens. In order to fully understand the China’s real estate market, the paper first analyses the land policy, housing reform and housing finance, etc. Then this p...
متن کاملMeasuring Real Value and Inflation
The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing: to separate a change in nominal value into a ‘real part’ due to the changes in quantities and an inflation due to the changes in prices. Examples are: real national product and its components, th...
متن کاملHousing plus services: supporting vulnerable families in permanent housing.
The importance of integrating services with housing to help low-income families achieve stability is gaining recognition. The variations in types of existing housing and service initiatives have produced a complex language with multiple meanings and overlapping definitions. The National Low Income Housing Coalition proposes the umbrella term housing plus services to refer to these programs. Fol...
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ژورنال
عنوان ژورنال: Journal of Economic and Social Measurement
سال: 2000
ISSN: 1875-8932,0747-9662
DOI: 10.3233/jem-2000-0186