Housing Rents and Inflation Rates
利用房东净租金收入的月度统计数据，构建了边际租金指数，发现该指数在经济衰退期间出现通缩，并领先官方租金指数7个月；修正后的通胀率显示大衰退期间官方年通胀率被高估1.7-4.1%，而后续扩张期被低估0.3-0.7%。
Abstract This paper develops a quality‐adjusted measure of marginal housing rents using a monthly statistic of landlord net rental income. The marginal rent index (MRI) exhibits deflation during recessions and leads the official rent index by 7 months. The modified inflation rate based on MRI suggests that the annual official inflation rate was overestimated by 1.7–4.1% during the Great Recession but underestimated by 0.3–0.7% during the subsequent expansionary period.