国际货币基金组织:评估自有住房成本计量变化的货币政策影响:来自ICEQMOD的见解(英文版)
国际货币基金组织:评估自有住房成本计量变化的货币政策影响:来自ICEQMOD的见解(英文版).pdf |
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This paper evaluates the policy implications of changing the methodology for calculating the cost of owner-occupied housing in the CPI from a “user cost” approach to “rental equivalence” approach. A synthetic historical CPI series based on the new methodology is created to develop a counterfactual policy scenario in IceQMod, a new Iceland-specific quarterly macroeconomic model based on the IMF’s Quarterly Projection Model (QPM). The new methodology would have resulted in slightly lower but mo
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