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Understanding Commercial Property Price indexes
World Economics, September 2013
The type of database used for the measurement of commercial property price indexes (CPPIs) dictates the potential weaknesses in the resulting indexes and limitations of the methods available for measuring the indexes. Two major types of data are appraisals of the value of properties and recorded transaction prices. The former is based on expert judgement and may have problems of smoothing and lagging transaction prices. The latter is based on actual transactions and may have sample selectivity bias and limited sample sizes for these heterogeneous properties. These issues are examined.
Costing a Data Revolution
World Economics, September 2015
Poor Economic Statistics Fuel China’s Low Consumption Myth
World Economics, June 2013
The ‘Good Global Citizen’ Remit of the IMF
World Economics, March 2013
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