Central Bankers Don't Care About Rising House Prices

Why don’t central bankers care about rising asset prices?
For most people their greatest expense is housing. According to the Bureau of Labor Statistics, Americans spend almost 40% of their take home pay on shelter, this might lead you to ask - why aren’t home prices included in measures of inflation? And should they be? Is real inflation much higher than is being reported in the CPI because of asset price inflation?

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Timestamps
0:00 Introduction
0:22 What is Inflation
0:44 The CPI
01:14 Economic Stimulus
02:18 Why are Home Prices Not Counted?
03:41 Is Housing Ignored?
06:21 Other Approaches
07:15 Do Central Bankers Monitor Asset Prices
09:00 Is Rental Equivalence Just a way of Reducing Reported Inflation
10:38 Should We Follow New Zealand’s Example?
12:13 Inflation Inequality
13:37 People Are Leaving Cities
14:03 Subscribe

Видео Central Bankers Don't Care About Rising House Prices канала Patrick Boyle