Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically...

Estimates of the half-life to convergence of prices across a panel of cities are subject to bias from three potential sources: inappropriate cross-sectional aggregation of heterogeneous coefficients, presence of lagged dependent variables in a model with individual fixed effects, and time...

The econometric test in this paper indicates that standard property and municipality attributes are important determinants of sales prices for multi-dwelling and commercial buildings (MDCBs) in Sweden. Spatial econometric techniques were used to determine that spatial specified regressions...

US inflation has reached its highest level in decades with academics and the media alike citing supply chain distortions and shortages in key commodities as the driving factors. While some work has been done evaluating the pass-through (PT) of producer to consumer prices, evidence in the...

By disaggregating price indices, it becomes apparent that the real exchange rate consists of the real exchange rate for a single good and a weighted sum of relative prices between goods. When applying a battery of panel unit root tests to this sum and its components, it is found that both the...

Hedonic house price indices adjust the average sales prices for the change in the quality of the property sold over time. This paper proposes a framework to disentangle the contribution of each individual dwelling characteristic to this quality change. We apply our framework to a unique dataset...