Why House Price Indexes Differ : Measurement and Analysis /

A key element in the build-up to the global recession and subsequently was the movement in house price indexes (HPIs). These indexes are particularly prone to methodological and coverage differences which can undermine both within-country and cross-country economic analysis. The paper outlines key m...

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Tác giả chính: Silver, Mick
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2012.
Loạt:IMF Working Papers; Working Paper ; No. 2012/125
Truy cập trực tuyến:Full text available on IMF
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520 3 |a A key element in the build-up to the global recession and subsequently was the movement in house price indexes (HPIs). These indexes are particularly prone to methodological and coverage differences which can undermine both within-country and cross-country economic analysis. The paper outlines key measurement issues and reports on empirical work using an international panel data set that (i) considers whether differences in HPI measurement matter and, if so, in what way, and (ii) revisits the measurement of global house price inflation and the modeling of the determinants of house price inflation using HPIs corrected for differences in measurement practice. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/125 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/125/001.2012.issue-125-en.xml  |z IMF e-Library