{
  "title": "Residential Property Price Indices (RPPI)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2023/rppijv23-14",
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  "summary": "Residential Property Price Indices Training Program Target Audience Mid-level to senior officials and compilers responsible for, or planning to introduce or develop residential property price indexes (RPPI).",
  "publishDate": "2023-05-30",
  "sections": [
    {
      "heading": "Training program overview",
      "content": "- Session No.: JV 23.14.\n- Location: Vienna, Austria.\n- Date: May 22-26, 2023 (1 week).\n- Delivery Method: In-person Training.\n- Primary Language: English.\n- Interpretation Language: Russian.\n- Target audience: Mid-level to senior officials and compilers responsible for, or planning to introduce or develop residential property price indexes (RPPI).\n- Qualifications: Participants are expected to have a degree in economics or statistics; or equivalent experience."
    },
    {
      "heading": "Course description and scope",
      "content": "- Presented by the Statistics Department of the IMF.\n- Identifies key uses of RPPIs and reviews data sources and methods for compiling RPPIs.\n- Emphasizes evaluating alternative data sources for RPPI compilation in terms of:\n  - coverage,\n  - timeliness,\n  - richness in terms of supporting a quality-mix methodology,\n  - suitability of a price measure,\n  - weighting.\n- Considers trade-offs in selecting data sources and strategies for longer-run development of data sources.\n- Methodological emphasis:\n  - The quality-mix problem: changes in the mix of properties transacted each period can bias measures of change in average prices.\n  - Mix-adjustment methods: stratification and hedonic regression are the main methods addressed.\n  - Interactive workshops cover mix-adjustment topics.\n- Methodological guidance follows the principles of the 2013 Handbook on RPPIs published by Eurostat, ILO, IMF, OECD, UNECE, and the World Bank.\n- Practical compilation advice draws on the 2020 RPPI Practical Compilation Guide published by the IMF.\n- COVID-19 delivery note: courses may be delivered in person, hybrid, or virtual according to safety guidelines; the May 22-26, 2023 course was scheduled for in-person delivery in Vienna but delivery method may change. By submitting an application, participants confirm availability to participate either in person or virtually. Up-to-date Covid-19 vaccination is likely to be required and related information may be requested from participants for in-person courses."
    },
    {
      "heading": "Course objectives (learning outcomes)",
      "content": "Upon completion of the course, participants should be able to:\n- Explain the nature and uses of RPPIs.\n- Identify the strengths and weaknesses of possible data sources for RPPIs.\n- Select the most appropriate method for RPPI compilation based on the availability of data.\n- Apply different methods for compiling RPPIs.\n- Make recommendations, where necessary, for the further development of data sources."
    }
  ],
  "bullets": [
    "Session No.: JV 23.14.",
    "Location: Vienna, Austria.",
    "Date: May 22-26, 2023 (1 week).",
    "Delivery Method: In-person Training.",
    "Primary Language: English.",
    "Interpretation Language: Russian.",
    "Target audience: Mid-level to senior officials and compilers responsible for, or planning to introduce or develop residential property price indexes (RPPI).",
    "Qualifications: Participants are expected to have a degree in economics or statistics; or equivalent experience.",
    "Presented by the Statistics Department of the IMF.",
    "Identifies key uses of RPPIs and reviews data sources and methods for compiling RPPIs.",
    "Emphasizes evaluating alternative data sources for RPPI compilation in terms of:",
    "Considers trade-offs in selecting data sources and strategies for longer-run development of data sources.",
    "Methodological emphasis:",
    "Methodological guidance follows the principles of the 2013 Handbook on RPPIs published by Eurostat, ILO, IMF, OECD, UNECE, and the World Bank.",
    "Practical compilation advice draws on the 2020 RPPI Practical Compilation Guide published by the IMF.",
    "COVID-19 delivery note: courses may be delivered in person, hybrid, or virtual according to safety guidelines; the May 22-26, 2023 course was scheduled for in-person delivery in Vienna but delivery method may change. By submitting an application, participants confirm availability to participate either in person or virtually. Up-to-date Covid-19 vaccination is likely to be required and related information may be requested from participants for in-person courses.",
    "Explain the nature and uses of RPPIs.",
    "Identify the strengths and weaknesses of possible data sources for RPPIs.",
    "Select the most appropriate method for RPPI compilation based on the availability of data.",
    "Apply different methods for compiling RPPIs.",
    "Make recommendations, where necessary, for the further development of data sources."
  ],
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  "generatedAtUtc": "2026-09-29T17:16:53.266Z"
}