01664cas a2200241 a 4500 AALejournalIMF017216 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475552249 1018-5941 BD-DhAAL BD-DhAAL Silver, Mick. How to Better Measure Hedonic Residential Property Price Indexes / Mick Silver. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (89 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i) is weighted at a basic level; (ii) has a new (quasi-) superlative form and thus mitigates substitution bias; (iii) is suitable for sparse data in thin markets; and (iv) only requires the periodic estimation of hedonic regressions for reference periods and is not subject to the vagrancies of misspecification and estimation issues. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/213 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/213/001.2016.issue-213-en.xml IMF e-Library