Chapter

Bibliography

Author(s):
Statistical Office of the European Communities;International Labour Office;International Monetary Fund;Organization for Economic Co-operation and Development;United Nations;World Bank
Published Date:
May 2013
Share
  • ShareShare
Show Summary Details

    AbrahamJ.M. and W.S.Schauman (1991) “New Evidence on Home Prices from Freddie Mac Repeat SalesAmerican Real Estate and Urban Economics Association Journal 19333352.

    Acadametrics (2009)House Price Indices - Fact or Fictionwww.acadametrics.co.uk.

    AltermanW.W.E.Diewert and R.C.Feenstra (1999) “International Trade Price Indexes and Seasonal CommoditiesDepartment of Labor Bureau of Labor StatisticsWashington, DC: US Government Printing Office.

    Australian Bureau of Statistics (ABS) (2005) “Renovating the Established House Price IndexInformation Paper Cat. no. 6417.0.

    Australian Bureau of Statistics (ABS) (2006) “A Guide to House Price IndexesInformation Paper Cat. no. 6464.

    BaileyM.J.R.F.Muth and H.O.Nourse (1963) “A Regression Method for Real Estate Price ConstructionJournal of the American Statistical Association 58933942.

    BaldwinA.A.Nakamura and M.Prud’homme (2010) “An Empirical Analysis of the Different Concepts for Owned Accommodation in the Canadian CPI: The Case of Ottawa, 1996-2005” paper presented at the joint UNECE and ILO Meeting on Consumer Price IndicesGenevaMay 10-12.

    BalkB.M. (1998) “On the Use of Unit Value Indices as Consumer Price Subindices” in: LaneW. (ed.) Proceedings of the Fourth Meeting of the International Working Group on Price IndicesWashington, DC: Bureau of Labor Statistics.

    BalkB.M. (2008) Price and Quantity Index Numbers; Models for Measuring Aggregate Change and DifferenceNew York: Cambridge University Press.

    BelskiE. and J.Prakken (2004) “Housing Wealth Effects: Housing’s Impact on Wealth Accumulation, Wealth Distribution and Consumer SpendingWorking paper W04-13Harvard UniversityJoint Center for Housing Studies.

    BerndtE.R. (1991) The Practice of Econometrics: Classic and Contemporary ReadingMassachusetts: Addison-Wesley Publishing Company.

    BladesD. (2009) “Housing in ICP 2011: Issues to be Resolvedpaper presented at the Technical Advisory Group MeetingOctober 1-2, 2009World BankWashington, DC.

    BosticR.W.S.D.Longhofer and C.L.Readfearn (2007) “Land Leverage: Decomposing Home Price DynamicsReal Estate Economics35:21832008.

    BoverO. and M.Izquierdo (2003) “Quality-adjusted Prices: Hedonic Methods and Implications for National AccountsInvestigaciones Económicas 27199238.

    BourassaS. C.M.Hoesli and J.Sun (2006) “A Simple Alternative House Price Index MethodJournal of Housing Economics15(1) 8097.

    ButlerJ.S.Y.Chang and A.Crews Cutts (2005) “Revision Bias in Repeat-Sales Hone Price IndicesFreddie Mac Working Paper no. 05-03.

    CalhounC.A. (1996) “OFHEO House Price Indexes: HPI Technical DescriptionOffice of Federal Housing Enterprise OversightWashington, DC.

    CampbellJ.Y. and J.F.Cocco (2007) “How Do House Prices Affect Consumption? Evidence from Micro DataJournal of Monetary Economics54(3) 591621.

    CarareA. and M. R.Stone (2003) “Inflation Targeting RegimesIMF Working Paper WP 03/9.

    CaseB.H.O.Pollakowski and W.M.Wachter (1991) “On Choosing Between House Price Index MethodologiesAmerican Real Estate and Urban Economics Association Journal 19286307.

    CaseB.H.Pollakowski and S.Wachter (1997) “Frequency of Transaction and House Price ModelingJournal of Real Estate Finance and Economics14(1-2) 173187.

    CaseB. and J. M.Quigley (1991) “The Dynamics of Real Estate PricesReview of Economics and Statistics 225058.

    CaseK.E.J.M.Quigley and R. J.Shiller (2001) “Comparing Wealth Effects: The Stock Market Versus the Housing Market.National Bureau of Economic Research Working Paper Series No. 8606.

    CaseK.E. and R.J.Shiller (1987) “Prices of Single-Family Homes Since 1970: New Indexes for Four CitiesNew England Economic ReviewSeptember-October4556.

    CaseK.E. and R. J.Shiller (1989) “The Efficiency of the Market for Single-family HomesThe American Economic Review79 (1) 125137.

    CaseK.E. and R.J.Shiller (1990) “Forecasting Price and Excess Returns in the Housing MarketAmerican Real Estate and Urban Economics Association Journal 18253273.

    CaseB. and S.Wachter (2005) “Residential Real Estate Price Indices as Financial Soundness Indicators: Methodological Issues” pp. 197211 in Real Estate Indicators and Financial Stability BIS Papers No 21 Bank for International SettlementsWashington, DC.

    ChinloyP.M.Cho and I.F.Megbolugbe (1997) “Appraisals, Transactions Incentives and SmoothingJournal of Real Estate Finance and Economics14(1) 4555.

    ChiodoA.J.R.Hernandez-Murillo and M.T.Owyang (2010) “Non-linear Effects of School Quality on House PricesFederal Reserve Bank of St. Louis ReviewMay/June185204.

    ChoM. (1996) “House Price Dynamics: A Survey of Theoretical and Empirical IssuesJournal of Housing Research7(2) 145172.

    CleassensS.MA.Kose and M.E.Terrones (2008) “What Happens During Recessions, Crunches and Busts?IMF Working paper 08/274International Monetary FundWashington, DC.

    ClaphamE.P.EnglundJ. M.Quigley and C. L.Redfearn (2006) “Revisiting the Past and Settling the Score: Index Revision for House Price DerivativesReal Estate Economics34(2) 275302.

    ClappJ.M. (1980) “The Elasticity of Substitution for Land: The Effects of Measurement ErrorsJournal of Urban Economics 8255263.

    ClappJ.M. and C.Giaccotto (1992) “Estimating Price Trends for Residential Property: A Comparison of Repeat Sales and Assessed Value MethodsJournal of Real Estate Finance and Economics5(4) 357374.

    ClappJ.M. and C.Giaccotto (1998) “Price Indices Based on the Hedonic Repeat-Sale Method: Application to the Housing MarketJournal of Real Estate Finance and Economics16(1) 526.

    ClappJ.M. and C.Giaccotto (1999) “Revisions in Repeat Sales Price Indices: Here Today, Gone Tomorrow?Real Estate Economics27(1) 79104.

    ClappJ.M.C.Giaccotto and D.Tirtiroglu (1991) “Housing Price Indices Based on All Transactions Compared to Repeat SubsamplesAREUEA Journal19(3) 270285.

    ColwellP.F. (1998) “A Primer on Piecewise Parabolic Multiple Regression Analysis via Estimations of Chicago CBD Land PricesJournal of Real Estate Finance and Economics17(1) 8797.

    ColwellP.F. and G.Dilmore (1999) “Who was First? An Examination of an Early Hedonic StudyLand Economics75(4) 620626.

    Congressional Budget Office (2007) “Housing Wealth and Consumer SpendingBackground paperJanuary. Available at http://www.cbo.gov

    CourtA.T. (1939) “Hedonic Price Indexes with Automotive Examples” in The Dynamics of Automobile DemandGeneral Motors CorporationNew York99117.

    CroneT.M. and R.P.Voith (1992) “Estimating House Price Appreciation: A Comparison of MethodsJournal of Housing Economics2(4) 324338.

    CroneT.M.L.I.Nakamura and R.P.Voith (2009) “Hedonic Estimates of the Cost of Housing Services: Rental and Owner Occupied Units” pp. 6784 in Price and Productivity Measurement Volume 1: HousingW.E.DiewertB.M.BalkD.FixlerK.J.Fox and A.O.Nakamura (eds.) Trafford Press and www.indexmeasures.com.

    Dale-JohnsonD (1982) “An Alternative Approach to Housing Market Segmentation Using Hedonic Price DataJournal of Urban Economics11(3) 311332.

    DavidsonR. and J.G.MacKinnon (1993) Estimation and Inference in EconometricsOxford: Oxford University Press.

    DavisM.A. and J.Heathcote (2007) “The Price and Quantity of Residential Land in the United StatesJournal of Monetary Economics 5425952620.

    DavisM.A. and M.G.Palumbo (2008) “The Price of Residential Land in Large US CitiesJournal of Urban Economics 63352384.

    Destatis (2009) Handbook on the Application of Quality Adjustment Methods in the Harmonised Index of Consumer Prices Statistics and Science vol. 13Wiesbaden: Federal Statistical Office of Germany.

    DiewertW.E. (1974) “Intertemporal Consumer Theory and the Demand for DurablesEconometrica 42497516.

    DiewertW.E. (1980) “Aggregation Problems in the Measurement of Capital” pp. 433528 in The Measurement of CapitalD.Usher (ed.) Chicago: The University of Chicago Press.

    DiewertW.E. (1983) “The Treatment of Seasonality in a Cost of Living Index” pp. 10191045 in Price Level MeasurementW.E.Diewert and C.Montmarquette (eds.) Ottawa: Statistics Canada.

    DiewertW.E. (1998) “High Inflation, Seasonal Commodities and Annual Index NumbersMacroeconomic Dynamics 2456471.

    DiewertW.E. (1999) “Index Number Approaches to Seasonal AdjustmentMacroeconomic Dynamics 3121.

    DiewertW.E. (2002) “Harmonized Indexes of Consumer Prices: Their Conceptual FoundationsSwiss Journal of Economics and Statistics 138547637.

    DiewertW.E. (2003a) “Hedonic Regressions: A Consumer Theory Approach” pp. 317348 in Scanner Data and Price Indexes Studies in Income and Wealth Volume 64R.C.Feenstra and M.D.Shapiro (eds.) NBER and University of Chicago Press.

    DiewertW.E. (2003b) “Hedonic Regressions: A Review of Some Unresolved Issuespaper presented at the 7th Meeting of the Ottawa GroupParisMay 27–29.

    DiewertW.E. (2005) “Issues in the Measurement of Capital Services, Depreciation, Asset Price Changes and Interest Rates” pp. 479542 in Measuring Capital in the New EconomyC.CorradoJ.Haltiwanger and D.Sichel (eds.) Chicago: University of Chicago Press.

    DiewertW.E. (2009a) “Durables and Owner Occupied Housing in a Consumer Price Index” pp. 445500 in Price Index Concepts and MeasurementW.E.DiewertJ.Greenlees and C.Hulten (eds.) Studies in Income and Wealth Volume 70Chicago: The University of Chicago Press.

    DiewertW.E. (2009b) “The Paris OECD-IMF Workshop on Real Estate Price Indexes: Conclusions and Future Directions” pp. 87116 in Price and Productivity Measurement: Volume 1—Housing Trafford Press and www.indexmeasures.com.

    DiewertW.E. (2010) “Alternative Approaches to Measuring House Price InflationDiscussion Paper 10–10Department of Economics, University of British ColumbiaVancouver, CanadaV6T 1Z1December.

    DiewertW.E.Y.Finkel and Y.Artsev (2009) “Empirical Evidence on the Treatment of Seasonal Products: The Israeli Experience” pp. 5378 in Price and Productivity Measurement: Volume 2; SeasonalityW.E.DiewertB.M.BalkD.FixlerK.J.Fox and A.O.Nakamura (eds.) Trafford Press.

    DiewertW.E.J.de Haan and R.Hendriks (2010) “The Decomposition of a House Price index into Land and Structures Components: A Hedonic Regression ApproachDiscussion Paper 10-01 Department of Economics University of British Columbia Vancouver Canada V6T 1Z1.

    DiewertW.E.J.de Haan and R.Hendriks (2011) “Hedonic Regressions and the Decomposition of a House Price index into Land and Structure ComponentsDiscussion Paper 11-01 Department of Economics The University of British Columbia Vancouver Canada V6T 1Z1.

    DiewertW.E.S.Heravi and M.Silver (2009) “Hedonic Imputation Versus Time Dummy Hedonic Indexes” pp. 161196 in Price Index Concepts and MeasurementW.E.DiewertJ.Greenlees and C.Hulten (eds.) NBER Studies in Income and Wealth Chicago: University of Chicago Press.

    DiewertW.E. and D.A.Lawrence (2000) “Progress in Measuring the Price and Quantity of Capital” pp. 273326 in Econometrics Volume 2: Econometrics and the cost of Capital: Essays in Honor ofDale W.JorgensonL. J.Lau (ed.) Cambridge, MA: The MIT Press.

    DiewertW.E. and P.von der Lippe (2010) “Notes on Unit Value Index BiasJournal of Economics and Statistics230(6)690708.

    DiewertW.E. and A.O.Nakamura (2009) “Accounting for Housing in a CPI” pp.732 in Price and Productivity Measurement Volume 1: HousingW.E.DiewertB.M.BalkD.FixlerK.J.Fox and A.O.Nakamura (eds.) Trafford Press and www.in-dexmeasures.com.

    DiewertW.E.A.O.Nakamura and L.I.Nakamura (2009) “The Housing Bubble and a New Approach to Accounting for Housing in A CPIJournal of Housing Economics 18156171.

    DodgeD. (2003) “It All Starts with the DataRemarks by David DodgeGovernor of the Bank of Canada to the Conference of European StatisticiansGeneva. Available at www.bankofcanada.ca/en/speeches/2003.

    DreimanM.H. and A.Pennington-Cross (2004) “Alternative Methods of Increasing the Precision of Weighted Repeat Sales House Prices IndicesJournal of Real Estate Finance and Economics28(4) 299317.

    DuffyD. (2009) “Measuring House Price ChangeEconomic and Social Research Institute Working paper 291.

    EdelsteinR.H. and D.C.Quan (2006) “How Does Appraisal Smoothing Bias Real Estate Returns Measurement?Journal of Real Estate Finance and Economics32(1) 4160.

    EiglspergerM. (2010) “Residential Property Price Statistics for the Euro Area and the European Union” in Housing Market Challenges in Europe and the United StatesP.ArestisP.Mooslechner and K.Wagner (eds.) Basingstoke: Palgrave Macmillan.

    EnglundP.J.M.Quigley and C.L.Redfearn (1998) “Improved Price Indexes for Real Estate: Measuring the Course of Swedish Housing PricesJournal of Urban Economics44(2) 171196.

    Eurostat (2001) Handbook on Price and Volume Measures in the National Accounts. Luxembourg: Office for Official Publications of the European Communities.

    Eurostat (2005) “Final Report of the Joint NA-PPP Task Force on Dwelling Servicespaper presented at the Meeting of the Eurostat Working Parties on National Accounts and PPPNovember 23Luxembourg.

    Eurostat (2012) Technical Manual on Owner-Occupied Housing for Harmonised Index of Consumer Prices Draft 2.0 March 2012. See also the Statistics Explained article: Housing price statistics - house price index athttp://epp.eurostat.ec.europa.eu/statistics_explained.

    Eurostat (2012) Experimental House price indices in the Euro Area and the European Unionat http://epp.eurostat.ec.europa.eu/portal/page/portal/hicp/methodology/hps/house_price_index.

    Eurostat International Monetary Fund OECD United Nations World Bank (1993) System of National Accounts 1993Luxembourg: Eurostat. Cited as SNA (1993).

    Eurostat International Monetary Fund OECD United Nations World Bank (2009) System of National Accounts 2008Luxembourg: Eurostat. Cited as SNA (2008).

    FenwickD. (2005) “Statistics on Real Estate Prices: The Need for a Strategic Approach” pp. 368372 in Real Estate Indicators and Financial Stability BIS Papers No 21 Bank for International SettlementsWashington DC: The International Monetary Fund.

    FenwickD. (2006) “Real Estate Prices: The Need for a Strategic Approach to the Development of Statistics to Meet User Needspaper presented at the OECD-IMF Workshop on Real Estate Price Indices held in ParisNovember 6-7, 2006.

    FinocchiaroD. and V.QueijovonHeideken (2007) “Do Central Banks React to House Prices?Working Paper Series 217 Sveriges Riksbank (Central Bank of Sweden) (revised 01 Aug 2009).

    FranckeM.K. (2008) “The Hierarchical Trend Model” pp. 164180 in Mass Appraisal Methods: An International Perspective for Property ValuersT.Kauko and M.Damato (eds.) Oxford: Wiley-Blackwell.

    FranckeM.K. (2010) “Repeat Sales Index for Thin Markets: A Structural Time Series ApproachJournal of Real Estate Finance and Economics41(1) 2452.

    FranckeM.K. and G.A.Vos (2004) “The Hierarchical Trend Model for Property Valuation and Local Price IndicesJournal of Real Estate Finance and Economics28(2/3) 179208.

    GarnerT.I. and K.Short (2009) “Accounting for Owner-Occupied Dwelling Services: Aggregates and DistributionsJournal of Housing Economics 18273279.

    GarnerT.I. and R.Verbrugge (2009a) “The Puzzling Divergence of Rents and User Costs, 1980-2004: Summary and Extensions” pp. 125146 in Price and Productivity Measurement Volume 1: HousingW.E.DiewertB.M.BalkD.FixlerK.J.Fox and A.O.Nakamura (eds.) Trafford Press and www.indexmeasures.com.

    GarnerT.I. and R.Verbrugge (2009b) “Reconciling User Costs and Rental Equivalence: Evidence from the US Consumer Expenditure SurveyJournal of Housing Economics 18172192.

    GatzlaffD.H. and D.Ling (1994) “Measuring Changes in Local House Prices: An Empirical Investigation of Alternative MethodologiesJournal of Urban Economics35(2) 221244.

    GatzlaffD.H. and D.R.Haurin (1997) “Sample Selection Bias and Repeat-Sales Index EstimatesJournal of Real Estate Finance and Economics14(1) 3350.

    GelfandA.E.M.D.EckerJ.R.Knight and C.F.Sirmans (2004) “The Dynamics of Location in Home PriceJournal of Real Estate Finance and Economics29(2) 149166.

    GeltnerD. (1996) “The Repeated-Measures Regression-Based Index: A Better Way to Construct Appraisal-Based Indexes of Commercial Property ValueReal Estate Finance12(4) 2935.

    GeltnerD. and H.Pollakowski (2006) “A Set of Indices for Trading Commercial Real Estate Based on the Real Capital Analytics Transaction Prices DatabaseWorking paper MIT Center for Real Estate: CREDL.

    GoetzmannW.N. (1992) “The Accuracy of Real Estate Indices: Repeat Sales EstimatorsJournal of Real Estate Finance and Economics5(1) 553.

    GoetzmannW. and L.Peng (2002) “The Bias of RSR Estimator and the Accuracy of Some AlternativesReal Estate Economics30(1) 1339.

    GoetzmannW.N. and M.Spiegel (1997) “A Spatial Model of Housing Returns and Neighborhood SubstitutabilityJournal of Real Estate Finance and Economics14(1-2) 1131.

    GoodhartC. (2001) “What Weight Should Be Given to Asset Prices in Measurement of Inflation?Economic Journal 111335356.

    GoodhartC. and B.Hofmann (2007) “Financial Conditions Indices” in House Prices and the Macroeconomy: Implications for Banking and Price Stability Charles Goodhart (ed.) Oxford: Oxford University Press.

    GoodmanA.C. and T.G.Thibodeau (2003) “Housing Market Segmentation and Hedonic Prediction AccuracyJournal of Housing Economics12(3) 181201.

    GouriérouxC. and A.Laferrère (2009) “Managing Hedonic House Price Indices: The French ExperienceJournal of Housing Economics 18206213.

    GrilichesZ. (1961 1971a) “Hedonic Price Indexes for Automobiles: An Econometric Analysis for Quality Change” in Z.Griliches (eds.) Price Indexes and Quality Change: Studies in New Methods of MeasurementCambridge MA: Harvard University Press.

    GrilichesZ. (1971b) “Introduction: Hedonic Price Indexes Revisited” pp. 315 in Price Indexes and Quality ChangeZ.Griliches (ed.) Cambridge MA: Harvard University Press.

    GudnasonR. (2004) “Simple User Costs and RentalsPaper presented at the 8th Ottawa Group MeetingHelsinkiAugust 23-25.

    GudnasonR. and G.Jónsdóttir (2006) “House Price Index, Market Prices and Flow of Services Methodspaper presented at the OECD-IMF Workshop on Real Estate Price Indices held in ParisNovember 6-7, 2006.

    GudnasonR. and G.R.Jónsdóttir (2009) “Owner Occupied Housing in the Icelandic CPI” pp. 8588 in Price and Productivity Measurement Volume 1: HousingW.E.DiewertB.M.BalkD.FixlerK.J.Fox and A.O.Nakamura (eds.) Trafford Press and www.indexmeasures.com.

    GyourkoJ. and A.Saiz (2004) “Reinvestment in the Housing Stock: The Role of Construction Costs and the Supply SideJournal of Urban Economics 55238256.

    de HaanJ. (2004) “Direct and Indirect Time Dummy Approaches to Hedonic Price MeasurementJournal of Social and Economic Measurement 29427443.

    de HaanJ. (2009) “Comment on Hedonic Imputation versus Time Dummy Hedonic Indexes” pp. 196200 in Price Index Concepts and MeasurementW.E.DiewertJ.S.Greenlees and C.R.Hulten (eds.) Studies in Income and Wealth 70Chicago: University of Chicago Press.

    de HaanJ. (2010a) “Hedonic Price Indexes: A Comparison of Imputation, Time Dummy and Other ApproachesJournal of Economics and Statistics230(6) 772791.

    de HaanJ. (2010b) “An Appraisal-Based Generalized Regression Estimator of House Price Changepaper presented at the Economic Measurement Group Workshop1-3 December 2010Sydney, Australia.

    de HaanJ. and H.vanderGrient (2011) “Eliminating Chain Drift in Price Indexes Based on Scanner DataJournal of Econometrics 1613646.

    de HaanJ.E.vanderWal and P.de Vries (2009) “The Measurement of House Prices: A Review of the Sales Price Appraisal MethodJournal of Economic and Social Measurement34(2-3) 5186.

    HalvorsenR. and H.O.Pollakowski (1981) “Choice of Functional Form for Hedonic Price EquationsJournal of Urban Economics 103749.

    HaurinD.R. and P.H.Hendershott (1991) “House Price Indexes: Issues and ResultsAmerican Real Estate and Urban Economics Association Journal 19259269.

    HestonA. and A.O.Nakamura (2009a) “Reported Prices and Rents of Housing: Reflections of Costs, Amenities or Both?” pp. 117124 in Price and Productivity Measurement Volume 1: HousingW.E.DiewertB.M.BalkD.FixlerK.J.Fox and A.O.Nakamura (eds.) Trafford Press and www.indexmeasures.com.

    HestonA. and A.O.Nakamura (2009b) “Questions about the Equivalence of Market Rents and User Costs for Owner Occupied HousingJournal of Housing Economics 18273279.

    HicksJ.R. (1946) Value and CapitalSecond EditionOxford: Clarendon Press.

    HillR.C.J.R.Knight and C.F.Sirmans (1997) “Estimating Capital Asset Price IndexesReview of Economics and Statistics79(2) 226233.

    HillR.J. (2004) “Superlative Index Numbers: Not All of Them Are SuperJournal of Econometrics130(1) 2543.

    HillR.J (2011) “Hedonic Price Indexes for HousingOECD Statistics Working paper 2011/1OECD PublishingParis.

    HillR.J. and D.Melser (2008) “Hedonic Imputation the Price Index Problem: An Application to HousingEconomic Inquiry46(4) 593609.

    HillR.J.D.Melser and I.Syed (2009) “Measuring a Boom and Bust: The Sydney Housing Market 2001-2006Journal of Housing Economics 18193205.

    HillR.J.D.Melser and B.Reid (2010) “Hedonic Imputation with Geospatial Data: An Application of Splines to the Housing MarketMimeo.

    HillT.P. (1988) “Recent Developments in Index Number Theory and PracticeOECD Economic Studies 10123148.

    HillT.P. (1993) “Price and Volume Measures” pp. 379406 in SNA (1993).

    HoffmannJ. and C.Kurz (2002) “Rent Indices for Housing in West Germany: 1985 to 1998Discussion Paper 01/02 Economic Research Centre of the Deutsche Bundesbank Frankfurt.

    HoffmannJ. and J.R.Kurz-Kim (2006) “Consumer Price Adjustment Under the Microscope: Germany in a Period of Low InflationDiscussion Paper Series 1 Economic Studies No 16/2006 Deutsche Bundesbank Frankfurt am Main.

    HoffmannJ. and A.Lorenz (2006) “Real Estate Price Indices for Germany: Past, Present and Futurepaper presented at the OECD-IMF Workshop on Real Estate Price IndexesParisNovember 6-7.

    HwangM. and J.M.Quigley (2004) “Selectivity, Quality Adjustment and Mean Reversion in the Measurement of House ValuesJournal of Real Estate and Finance and Economics28(2/3) 161178.

    ILO IMF OECD Eurostat United Nations World Bank (2004) Consumer Price Index Manual: Theory and PracticeGeneva: ILO. Cited as CPI Manual (2004).

    ILO IMF OECD Eurostat United Nations World Bank (2004) Producer Price Index Manual: Theory and PracticeWashington DC: IMF. Cited as PPI Manual (2004).

    IMF (2006) Compilation Guide on Financial Soundness indicatorsWashington DC: IMF.

    IMF (2007) “Review of Exchange Arrangements, Restrictions, and ControlsAvailable at http://www.imf.org/external/np/pp/2007/eng.

    IMF ILO OECD UNECE and World Bank (2009) Export and Import Price Index ManualWashington, DC: IMF. Cited as XMPI Manual (2009).

    IvancicL.W.E.Diewert and K.J.Fox (2011) “Scanner Data, Time Aggregation and the Construction of Price IndexesJournal of Econometrics 1612435.

    JansenS.J.T.P.de VriesH.C.C.H.CoolenC.J.M.Lamain and P.Boelhouwer (2008) “Developing a House Price Index for the NetherlandsJournal of Real Estate and Finance and Economics37(2) 163186.

    JarocińskiM. and F.R.Smets (2008) “House Prices and the Stance of Monetary PolicyFederal Reserve Bank of St. Louis Review90(4) 339365.

    KatzA.J. (2009) “Estimating Dwelling Services in the Candidate Countries: Theoretical and Practical Considerations in Developing Methodologies Based on a User Cost of Capital Measure” pp. 3350 in Price and Productivity Measurement Volume 1: HousingW.E.DiewertB.M.BalkD.FixlerK.J.Fox and A.O.Nakamura (eds.) Trafford Press and www.indexmeasures.com.

    KnightJ.R.J.Dombrow and C.F.Sirmans (1995) “A Varying Parameters Approach to Constructing House Price IndexesReal Estate Economics23 (2) 187205.

    KoevE. and J.M.C.Santos Silva (2008) “Hedonic Methods for Decomposing House Price Indices into Land and Structure Components” unpublished paper Department of Economics University of Essex England October.

    LancasterK.J. (1996) “A New Approach to Consumer TheoryJournal of Political Economy 74132157.

    LebowD.E. and J.B.Rudd (2003) “Measurement Error in the Consumer Price Index: Where do we Stand?Journal of Economic Literature 41159201.

    LeishmanC. (2000) “Estimating Local Housing Market Price Indices Using Land Registry DataHousing Finance47 (August) 5560.

    LeishmanC.C.Watkins and W.D.Fraser (2002) “The Estimation of House Price Indices Based on Repeat Sales Regression Using Land Registry DataReport to RICS Education Trust London.

    LeventisA. (2006) “Removing Appraisal Bias from a Repeat Transactions House Price Index: A Basic Approachpaper presented at the OECD-IMF Workshop on Real Estate Price Indices held in ParisNovember 6-7, 2006.

    LiW.M.Prud’homme and K.Yu (2006) “Studies in Hedonic Resale Housing Price Indicespaper presented at the OECD-IMF Workshop on Real Estate Price Indices held in ParisNovember 6-7,2006.

    LimS. and M.Pavlou (2007) “An Improved National House Price Index Using Land Registry DataRICS research paper series vol. 7 no. 11.

    LuüsC. (2005) “The Absa Residential Property Market Database for South Africa: Key Data Trends and Implications” pp. 149170 in Real Estate Indicators and Financial Stability BIS Papers No 21 Bank for International SettlementsWashington DC: IMF.

    MakaronidisA. and K.Hayes (2006) “Owner Occupied Housing for the HICPpaper presented at the OECD-IMF Workshop on Real Estate Price IndicesParisNovember 6-7, 2006.

    MalpezziS. (2003) “Hedonic Pricing Models: A Selective and Applied Review” in Housing Economics and Public PolicyT.O’Sullivan and K.Gibb (eds.) Malder, MA: Blackwell.

    MalpezziS.L.Ozanne and T.Thibodeau (1987) “Microeconomic Estimates of Housing DepreciationLand Economics 63372385.

    MarkJ.H. and M.A.Goldberg (1984) “Alternative Housing Price Indices: An EvaluationAmerican Real Estate and Urban Economics Association Journal12(1) 3049.

    MarolaB.D.SantosR.Evangelista and V.Guerreiro (2012) “Working Towards a Comparable House Price Inflation Measure in Europepaper presented at the UNECE Meeting of the Group of Experts on Consumer Price Indices held in Geneva30 May-1 June 2012 (www.unece.org/stats/).

    McDonaldJ.F. (1981) “Capital-Land Substitution in Urban Housing: A Survey of Empirical EstimatesJournal of Urban Economics 9190211.

    McDonaldC and M.Smith (2009) “Developing stratified housing price measures for New ZealandDiscussion paper no. 2009/07Reserve Bank of New Zealand, Wellington.

    McMillenD.P. (2003) “The Return of Centralization to Chicago: Using Repeat Sales to Identify Changes in House Price Distance GradientsRegional Science and Urban Economics 33287304.

    MeeseR. and N.Wallace (1991) “Nonparametric Estimation of Dynamic Hedonic Price Models and the Construction of Residential Housing Price IndicesAmerican Real Estate and Urban Economics Association Journal 19308332.

    MudgettB.D. (1955) “The Measurement of Seasonal Movements in Price and Quantity IndexesJournal of the American Statistical Association 509398.

    MuellbauerJ. (1974) “Household Production Theory, Quality and the ‘Hedonic Technique’American Economic Review 64977994.

    MuthR.F. (1971) “The Derived Demand for Urban Residential LandUrban Studies 8243254.

    NabarroR. and T.Key (2003) “Performance measurement and Real Estate Lending Riskpaper presented at the IMF/BIS Conference on Real Estate Indicators and Financial StabilityOctober 2003.

    OhnishiT.T.MizunoC.Shimizu and T.Watanabe (2010) “On the Evolution of the House Price DistributionDiscussion paper no.61 Research Center for Price Dynamics.

    PakesA. (2003) “A Reconsideration of Hedonic Price Indexes with an Application to PCsAmerican Economic Review93(5) 157693.

    PalmquistR.B. (1980) “Alternative Techniques for Developing Real Estate Price IndexesReview of Economics and Statistics 62442448.

    PalmquistR.B. (1982) “Measuring Environmental Effects on Property Values without Hedonic RegressionsJournal of Urban Economics 11333347.

    Pennington-CrossA. (2005) “Aggregation Bias and the Repeat Sales Price Index” pp. 323335 in Real Estate Indicators and Financial Stability BIS Papers No 21 Bank for International SettlementsWashington DC: IMF.

    PhangS.Y. (2004) “House Prices and Aggregate Consumption: Do They Move Together? Evidence from SingaporeJournal of Housing Economics 13101119.

    PlosserC.I. (2007) “House Prices and Monetary PolicySpeech for the European Economics and Financial Centre Distinguished Speakers Series July 11 2007 Monograph Federal Reserve Bank of Philadelphia.

    PrasadN. and A.Richards (2006) “Measuring House Price Growth - Using Stratification to Improve Median-based MeasuresResearch discussion paper no. 2006-04 Reserve Bank of Australia.

    PrasadN. L. and A.Richards (2008) “Improving Median Housing Price Indexes Through StratificationJournal of Real Estate Research30(1) 4571.

    QuigleyJ.M. (1995) “A Simple Hybrid Model for Estimating Real Estate Price IndexesJournal of Housing Economics4(1) 112.

    ReinhartC.M. and K.S.Rogoff (2009) This Time is Different; Eight Centuries of Financial FollyPrinceton and Oxford: Princeton University Press.

    RosenS. (1974) “Hedonic Prices and Implicit Markets: Product Differentiation in Pure CompetitionJournal of Political Economy 823455.

    RossiniP. and P.Kershaw (2006) “Developing a Weekly Residential Price Index Using the Sales Price Appraisal Ratiopaper presented at the Twelfth Annual Pacific Rim Real Estate Society ConferenceAuckland22-25 January.

    SaarnioM. (2006) “Housing Price Statistics at Statistics Finlandpaper presented at the OECD-IMF Workshop on Real Estate Price IndicesParis6-7 November 2006.

    SamuelsonPaul A. and S.Swamy (1974) “Invariant Economic Index Numbers and Canonical Duality: Survey and SynthesisAmerican Economic Review 6456693.

    SchefféH. (1959) The Analysis of VarianceNew York: John Wiley and Sons.

    ShiS.M.Young and B.Hargreaves (2009) “Issues in Measuring a Monthly House Price Index in New ZealandJournal of Housing Economics18(4) 336350.

    Shiller.R.J. (1991) “Arithmetic Repeat Sales Price EstimatorsJournal of Housing Economics1(1) 110126.

    ShillerR.J. (1993a) “Measuring Asset Values for Cash Settlement in Derivative Markets: Hedonic Repeated Measures Indices and Perpetual FuturesJournal of Finance48(3) 911931.

    ShillerR.J. (1993b) Macro MarketsOxford: Oxford University Press.

    ShillerR.J. (2005) “Comments on Session ‘Aggregation Issues’” pp. 336339 in Real Estate Indicators and Financial Stability BIS Papers No 21 Bank for International SettlementsWashington DC: The International Monetary Fund.

    ShimizuC. and K.G.Nishimura (2006) “Biases in Appraisal Land Price Information: The Case of JapanJournal of Property Investment & Finance24 (2) 150175.

    ShimizuC. and K.G.Nishimura (2007) “Pricing Structure in Tokyo Metropolitan Land Markets and Its Structural Changes: Pre-bubble, Bubble, and Post-bubble PeriodsJournal of Real Estate Finance and Economics35(4) 495496.

    ShimizuC.K.G.Nishimura and Y.Asami (2004) “Search and Vacancy Costs in the Tokyo Housing Market: Attempt to Measure Social Costs of Imperfect InformationRegional and Urban Development Studies16(3) 210230.

    ShimizuC.K.G.Nishimura and T.Watanabe (2010) “Housing Prices in Tokyo: A Comparison of Hedonic and Repeat Sales MeasuresJournal of Economics and Statistics 230/6792813.

    ShimizuC.H.TakatsujiH.Ono and K.G.Nishimura (2010) “Structural and Temporal Changes in the Housing Market and Hedonic Housing Price IndicesInternational Journal of Housing Markets and Analysis3(4) 351368.

    ShimizuC.K.G.Nishimura and T.Watanabe (2011) “House Prices from Realtors, Magazines, and Government: A Statistical ComparisonMimeo.

    SilverM. (2009a) “Do Unit Value Export, Import, and Terms of Trade Indices Represent or Misrepresent Price Indices?IMF Staff Papers 56297322IMFWashington DC.

    SilverM. (2009b) “Unit Value IndicesChapter 2 in XMPI Manual (2009).

    SilverM. (2010) “The Wrongs and Rights of Unit Value IndicesReview of Income and Wealth Series 56 Special Issue 1 S206-S223.

    Standard and Poor’s (2009) S&P/Case-Shiller Home Price Indices; Index MethodologyNew York: Standard and Poor’s.

    Statistics Portugal (Instituto Nacional de Estatistica) (2009) “Owner-Occupied Housing: Econometric Study and Model to Estimate Land Prices, Final Reportpaper presented to the Eurostat Working Group on the Harmonization of Consumer Price IndicesMarch 26-27Luxembourg: Eurostat.

    SteeleM. and R.Goy (1997) “Short Holds, the Distributions of First and Second Sales, and Bias in the Repeat-Sales Price IndexJournal of Real Estate Finance and Economics14(1–2) 133154.

    StoneR. (1956) Quantity and Price Indices in National AccountsParis: OECD.

    ThibodeauT.G. (1992) “Residential Real Estate Prices: 1974-1983The Blackstone Company Mount Pleasant (MI).

    ThibodeauT.G. (2003) “Marking Single-Family Property Values to MarketReal Estate Economics31(1) 122.

    ThorsnesP. (1997) “Consistent Estimates of the Elasticity of Substitution between Land and Non-Land Inputs in the Production of HousingJournal of Urban Economics 4298108.

    TriplettJ.E. (2006) Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes; Special Application to Information and Technology Products Directorate for Science Technology and IndustryParis: OECD.

    TriplettJ.E. and R.J.McDonald (1977) “Assessing the Quality Error in Output Measures: The Case of RefrigeratorsThe Review of Income and Wealth23(2) 137156.

    TseR.Y.C. (2002) “Estimating Neighbourhood Effects in House Prices: Towards a New Hedonic Model ApproachUrban Studies39(7) 11651180.

    TurveyR. (1989) Consumer Price Indices: An ILO ManualGeneva: International Labour Office.

    UK Department of the Environment (1982) “A New Index of Average House PricesEconomic Trends 348134138.

    United Nations (2009) Practical Guide to Producing Consumer Price IndicesNew York and Geneva: United Nations.

    vander WalE. D.ter Steege and B.Kroese (2006) “Two Ways to Construct a House Price Index for the Netherlands: The Repeat Sale and the Sale Price Appraisal Ratiopaper presented at the OECD-IMF Workshop on Real Estate Price IndicesParisNovember 6-7, 2006.

    VerbruggeR. (2008) “The Puzzling Divergence of Aggregate Rents and User Costs, 1980-2004The Review of Income and Wealth 54671699.

    de VriesP.J.de HaanE.van der Wal and G.Mariën (2009) “A House Price Index Based on the SPAR MethodJournal of Housing Economics18(3) 214223.

    WangT. and P.M.Zorn (1997) “Estimating House Price Growth with Repeat Sales Data: What’s the Aim of the Game?Journal of Housing Economics6(2) 93118.

    WallaceN.E. and R.A.Meese (1997) “The Construction of Residential Housing Price Indices: A Comparison of Repeat-Sales, Hedonic-Regression and Hybrid ApproachesJournal of Real Estate Finance and Economics14(1–2) 5173.

    WenzlickR. (1952) “As I See the Fluctuations in the Selling Prices of Single Family ResidencesThe Real Estate Analyst 21 (December 24)541548.

    WolvertonM.L. and J.Senteza (2000) “Hedonic Estimates of Regional Constant Quality House PricesJournal of Real Estate Research19(3) 235253.

    WoodR. (2005) “A Comparison of UK Residential House Price Indices” pp. 212227 in Real Estate Indicators and Financial Stability BIS Papers No 21 Bank for International SettlementsWashington DC: The International Monetary Fund.

    WyngardenH. (1927) An Index of Local Real Estate Prices Michigan Business Studies Volume 1 Number 2Ann Arbor: University of Michigan.

    ZhuH. (2005) “The Importance of Property Markets for Monetary Policy and Financial Stability” pp. 929 in Real Estate Indicators and Financial Stability Volume 21 Bank for International Settlements (ed.).

    Other Resources Citing This Publication