Overview
- Presents methods for constructing property price indexes (PPI) that can be utilized by central banks and national statistical organizations.
- Proposes ways to construct an PPI that will greatly interest academics concerned with real estate markets.
- Contains surprising information about the size of differences in the estimates for the services of owner-occupied housing.
Part of the book series: Advances in Japanese Business and Economics (AJBE, volume 11)
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Table of contents (8 chapters)
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Index Theory for Property Price Indexes
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Empirical Studies for Property Price Indexes
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Housing Services in CPI and SNA
Keywords
About this book
This book answers the question of how exactly property price indexes should be constructed.
The formation and collapse of property bubbles has had a profound impact on the economic administration of many nations. The property price bubble that began around the mid-1980s in Japan has been called the 20th century's biggest bubble. In its aftermath, the country faced a period of long-term economic stagnation dubbed the "lost decade." Sweden and the United States have also faced collapses of property bubbles in the 20th and early 21st centuries, respectively.
This book provides practical examples of how the theory of property price indexes can be applied to the issues of property as a non-homogenous good and a technological and environmental change.
Authors and Affiliations
About the authors
Bibliographic Information
Book Title: Property Price Index
Book Subtitle: Theory and Practice
Authors: W. Erwin Diewert, Kiyohiko G. Nishimura, Chihiro Shimizu, Tsutomu Watanabe
Series Title: Advances in Japanese Business and Economics
DOI: https://doi.org/10.1007/978-4-431-55942-9
Publisher: Springer Tokyo
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Japan KK, part of Springer Nature 2020
Hardcover ISBN: 978-4-431-55940-5Published: 25 January 2020
eBook ISBN: 978-4-431-55942-9Published: 24 January 2020
Series ISSN: 2197-8859
Series E-ISSN: 2197-8867
Edition Number: 1
Number of Pages: XV, 360
Number of Illustrations: 14 b/w illustrations, 31 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics