Return to home page
Searching: Muskingum library catalog
Some OPAL libraries remain closed or are operating at reduced service levels. Materials from those libraries may not be requestable; requested items may take longer to arrive. Note that pickup procedures may differ between libraries. Please contact your library for new procedures, specific requests, or other assistance.
  Previous Record Previous Item Next Item Next Record
  Reviews, Summaries, etc...
Author Diewert, W. E. (W. Erwin)
Title Residential property price indexes : theory and practice / W. Erwin Diewert, Kiyohiko G. Nishimura, Chihiro Shimizu, Tsutomu Watanabe.
Imprint Tokyo : Springer, 2020.

View online
View online
Author Diewert, W. E. (W. Erwin)
Series Advances in Japanese Business and Economics ; v.11.
Advances in Japanese business and economics ; 11.
Subject Real property -- Prices -- Japan.
Alt Name Nishimura, Kiyohiko G.
Watanabe, Tsutomu.
Shimizu, Chihiro.
Description 1 online resource (368 pages).
Note Description based upon print version of record.
Contents Part 1 Index Theory for Property Price Indexes -- Chapter 1 International Policy Discussion in Property Price Indices -- Chapter 2 Theoretical Background of Hedonic Measure and Repeat Sales Measure -- Part 2 Empirical Studies for RPPI using Tokyo Data -- Chapter 3 A Comparison of Alternative Approaches to Measuring House Price Inflation -- Chapter 4 Estimation of Property Price Index: Methodology and Data Sources -- Chapter 5 The SNA and Alternative Approaches to the Construction of CPPI -- Part 3. Application to the Official Statistics or Public Policy using RPPI -- Chapter 6 Measuring the Services of Durables and Owner Occupied Housing -- Chapter 7 New Estimates for the Price of Housing in the Japanese CPI -- Chapter 8 Imputed Rent for OOH in National Account -- Index.
Summary 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. It has been pointed out that the "information gap" that existed between policy-making authorities and the property (including housing) and financial markets was a problem. In 2009, the IMF proposed the creation of a housing price index to the G20 in order to fill this information gap, and the proposal was adopted. Furthermore, in 2011, it was suggested that the next economic crisis would be caused by a bubble in commercial property prices, and it was decided to create a commercial property index as well. 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. W. Erwin Diewert is a Professor in the Vancouver School of Economics at the University of British Columbia. Kiyohiko G. Nishimura is a Professor at the National Graduate Institute for Policy Studies (GRIPS) and Professor Emeritus and Distinguished Project Research Fellow of the Center for Advanced Research in Finance at the University of Tokyo. Chihiro Shimizu is a Senior Fellow Professor of the Center for Spatial Information Science, the University of Tokyo, and Professor of Nihon University. Tsutomu Watanabe is a Professor in the Faculty of Economics at the University of Tokyo.
ISBN 9784431559429 (electronic bk.)
4431559426 (electronic bk.)
OCLC # 1138676249
Additional Format Print version: Diewert, Erwin Residential Property Price Indexes : Theory and Practice Tokyo : Springer,c2020 9784431559405.

If you experience difficulty accessing or navigating this content, please contact the OPAL Support Team