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SEM(System of Economic Measurement) 2015
Session:New Methods for Constructing Price Indexes for Commercial and Residential Property


July 24, 2015 OECD (Paris)

Chair: Erwin Diewert・Chihiro Shimizu

Session: New Methods for Constructing Price Indexes for Commercial and Residential Property


1. “Accounting for Spatial Variation of Land Prices in Hedonic Imputation House Price Indexes”, Jan de Haan (Statistics Netherlands and Delft University of Technology) Jhhn@csb.nl and Yunlong Gong (Delft University of Technology) y.gong-1@tudelft.nl

Presenter: Jan de Haan

 

2. “Using Smoothing Methods in the Computation of Hedonic Imputed Price Indexes for Properties and their Land and Structure Components”,
Alicia Rambaldi (University of Queensland), a.rambaldi@uq.edu.au

Presenter: Alicia Rambaldi

 

3. “New Estimates for the Price of Housing in the Japanese CPI”,
Chihiro Shimizu (National University of Singapore) cshimizu@nus.edu.sg, Satoshi Imai (Statistics Bureau of Japan) s2.imai@soumu.go.jp and Tsutomu Watanabe (University of Tokyo) watanable@e.u-tokyo.ac.jp

Presenter: Chihiro Shimizu 


Paper 

4. “Sunk Costs and the Measurement of Commercial Property Depreciation”,
Erwin Diewert (University of British Columbia and University of New South Wales), erwin.diewert@ubc.ca and Kevin J. Fox (University of New South Wales),

K.Fox@unsw.edu.au

Presenter: Erwin Diewert

 
Chair: Robert Hill

Session: Residential and Commercial Real Estate Price Indexes

1. Robert Hill (University of Graz, Austria), Alicia Rambaldi (University of Queensland, Australia), Michael Scholz* (University of Graz, Austria) – Using Kalman Filters and Geospatial Splines to Improve House Price Indexes: A Hedonic Imputation Approach

2. Iqbal Syed* (University of New South Wales, Australia), Erwin Diewert (University of British Columbia, Canada), Kevin Fox (University of New South Wales, Australia) – Age, Time, Depreciation and House Prices: A Hedonic Imputation Approach

3. Sofie Walt* (University of Graz, Austria) – Going Beyond Averages: Quantile-Specific House Price Indices

4. Erwin Diewert (University of British Columbia, Canada), Chihiro Shimizu *(National University of Singapore, Singapore) – Alternative Approaches to Commercial Property Price Indexes for Tokyo