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Author/Editor:
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Silver, Mick
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Publication Date:
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May 01, 2012
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Electronic Access:
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Free Full text
(PDF file size is 1,446KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
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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Order a print copy
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Series:
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Working Paper No. 12/125
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Subject(s):
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Consumer price indexes | Cross country analysis | Housing prices
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Author's Keyword(s):
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House price indexes | Housing inflation | Global house price inflation. |
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English
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Publication Date:
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May 01, 2012
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Format:
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Paper
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Stock No:
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WPIEA2012125
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Pages:
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37
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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