04279oam 22011534 450 991015501400332120250426110735.09781475555295147555529697814755553321475555334(CKB)3710000000973025(MiAaPQ)EBC4867557(Au-PeEL)EBL4867557(CaPaEBR)ebr11391081(CaONFJC)MIL974492(OCoLC)964521456(IMF)WPIEA2016213WPIEA2016213(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 Papers9781475552249 1475552246 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 indexesimfSilverimfPricesimfCommoditiesimfHousingimfLeading indicatorsimfUnited 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 indexesSilverPricesCommoditiesHousingLeading indicators339.31Silver Mick1449453DcWaIMFBOOK9910155014003321How to Better Measure Hedonic Residential Property Price Indexes3647744UNINA