Federal Reserve Bank of Cleveland: 'Sticky Rents: A Simple Implicit-Contracts Theory'
June 04, 2026
June 04, 2026
CLEVELAND, Ohio, June 4 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 26-12) on May 27, 2026, by Hugh Montag and Randal J. Verbrugge entitled "Sticky Rents: A Simple Implicit-Contracts Theory."
Here are excerpts:
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Shelter inflation, driven by continuing-tenant rents, accounts for one-third of the consumer price index (CPI). Yet continuing-tenant rent inflation, notoriously sticky, has attracted almos . . .
Here are excerpts:
* * *
Shelter inflation, driven by continuing-tenant rents, accounts for one-third of the consumer price index (CPI). Yet continuing-tenant rent inflation, notoriously sticky, has attracted almos . . .