LEADER 04093oam 22010814 450 001 9910155014003321 005 20200520144314.0 010 $a1-4755-5529-6 010 $a1-4755-5533-4 035 $a(CKB)3710000000973025 035 $a(MiAaPQ)EBC4867557 035 $a(Au-PeEL)EBL4867557 035 $a(CaPaEBR)ebr11391081 035 $a(CaONFJC)MIL974492 035 $a(OCoLC)964521456 035 $a(IMF)WPIEA2016213 035 $a(EXLCZ)993710000000973025 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aHow to Better Measure Hedonic Residential Property Price Indexes /$fMick Silver 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (89 pages) $cillustrations (some color), tables 225 1 $aIMF Working Papers 311 $a1-4755-5224-6 320 $aIncludes bibliographical references. 330 3 $aHedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i) is weighted at a basic level; (ii) has a new (quasi-) superlative form and thus mitigates substitution bias; (iii) is suitable for sparse data in thin markets; and (iv) only requires the periodic estimation of hedonic regressions for reference periods and is not subject to the vagrancies of misspecification and estimation issues. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/213 606 $aHousing$xPrices$xMathematical models 606 $aHedonic damages$xMathematical models 606 $aInflation (Finance) 606 $aInvestments: Metals$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aReal Estate$2imf 606 $aIndex Numbers and Aggregation$2imf 606 $aleading indicators$2imf 606 $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aHousing Supply and Markets$2imf 606 $aNonagricultural and Nonresidential Real Estate Markets$2imf 606 $aMetals and Metal Products$2imf 606 $aCement$2imf 606 $aGlass$2imf 606 $aCeramics$2imf 606 $aProperty & real estate$2imf 606 $aInvestment & securities$2imf 606 $aPrice indexes$2imf 606 $aLand prices$2imf 606 $aConsumer price indexes$2imf 606 $aSilver$2imf 606 $aPrices$2imf 606 $aCommodities$2imf 606 $aHousing$2imf 607 $aUnited States$2imf 615 0$aHousing$xPrices$xMathematical models. 615 0$aHedonic damages$xMathematical models. 615 0$aInflation (Finance) 615 7$aInvestments: Metals 615 7$aInflation 615 7$aMacroeconomics 615 7$aReal Estate 615 7$aIndex Numbers and Aggregation 615 7$aleading indicators 615 7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data) 615 7$aPrice Level 615 7$aDeflation 615 7$aHousing Supply and Markets 615 7$aNonagricultural and Nonresidential Real Estate Markets 615 7$aMetals and Metal Products 615 7$aCement 615 7$aGlass 615 7$aCeramics 615 7$aProperty & real estate 615 7$aInvestment & securities 615 7$aPrice indexes 615 7$aLand prices 615 7$aConsumer price indexes 615 7$aSilver 615 7$aPrices 615 7$aCommodities 615 7$aHousing 676 $a339.31 700 $aSilver$b Mick$01449453 801 0$bDcWaIMF 906 $aBOOK 912 $a9910155014003321 996 $aHow to Better Measure Hedonic Residential Property Price Indexes$93647744 997 $aUNINA