04093oam 22010814 450 991015501400332120200520144314.01-4755-5529-61-4755-5533-4(CKB)3710000000973025(MiAaPQ)EBC4867557(Au-PeEL)EBL4867557(CaPaEBR)ebr11391081(CaONFJC)MIL974492(OCoLC)964521456(IMF)WPIEA2016213(EXLCZ)99371000000097302520020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierHow to Better Measure Hedonic Residential Property Price Indexes /Mick SilverWashington, D.C. :International Monetary Fund,2016.1 online resource (89 pages) illustrations (some color), tablesIMF Working Papers1-4755-5224-6 Includes bibliographical references.Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i) is weighted at a basic level; (ii) has a new (quasi-) superlative form and thus mitigates substitution bias; (iii) is suitable for sparse data in thin markets; and (iv) only requires the periodic estimation of hedonic regressions for reference periods and is not subject to the vagrancies of misspecification and estimation issues.IMF Working Papers; Working Paper ;No. 2016/213HousingPricesMathematical modelsHedonic damagesMathematical modelsInflation (Finance)Investments: MetalsimfInflationimfMacroeconomicsimfReal EstateimfIndex Numbers and Aggregationimfleading indicatorsimfPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)imfPrice LevelimfDeflationimfHousing Supply and MarketsimfNonagricultural and Nonresidential Real Estate MarketsimfMetals and Metal ProductsimfCementimfGlassimfCeramicsimfProperty & real estateimfInvestment & securitiesimfPrice indexesimfLand pricesimfConsumer price indexesimfSilverimfPricesimfCommoditiesimfHousingimfUnited StatesimfHousingPricesMathematical models.Hedonic damagesMathematical models.Inflation (Finance)Investments: MetalsInflationMacroeconomicsReal EstateIndex Numbers and Aggregationleading indicatorsPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)Price LevelDeflationHousing Supply and MarketsNonagricultural and Nonresidential Real Estate MarketsMetals and Metal ProductsCementGlassCeramicsProperty & real estateInvestment & securitiesPrice indexesLand pricesConsumer price indexesSilverPricesCommoditiesHousing339.31Silver Mick1449453DcWaIMFBOOK9910155014003321How to Better Measure Hedonic Residential Property Price Indexes3647744UNINA