Price Index Concepts And Measurement


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Price Index Concepts And Measurement

Price Index Concepts And Measurement Author by : W. Erwin Diewert
Languange Used : en
Release Date : 2010-02-15
Publisher by : University of Chicago Press
ISBN : 9780226148571
File Size : 54,5 Mb
Total Download : 577

Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COL
Category: Business & Economics

How To Better Measure Hedonic Residential Property Price Indexes

How To Better Measure Hedonic Residential Property Price Indexes Author by : Mick Silver
Languange Used : en
Release Date : 2016-11-16
Publisher by : International Monetary Fund
ISBN : 9781475555332
File Size : 51,5 Mb
Total Download : 430

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 misspecifica
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Handbook On Residential Property Price Indices

Handbook On Residential Property Price Indices Author by : OECD
Languange Used : en
Release Date : 2013-04-22
Publisher by : OECD Publishing
ISBN : 9789264197183
File Size : 49,5 Mb
Total Download : 986

This Handbook provides, for the first time, comprehensive guidelines for the compilation of Residential Property Price Indexes and explains in depth the methods and best practices used to calculate an RPPI.
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