The RPPI Handbook Project

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Presentation transcript:

The RPPI Handbook Project Bert M. Balk Rotterdam School of Management Erasmus University Workshop on RPPIs, Statistics Netherlands, The Hague-Leidschenveen, 10-11 February 2011

Context Various international Manuals/Handbooks: Consumer Price Index Manual (ILO) Producer Price Index Manual (IMF) Export and Import Price Index Manual (IMF) Measuring Capital (OECD) Measuring Productivity (OECD) …

Funding The RPPI Handbook project is funded by Eurostat, under the auspices of the Inter-secretariat Working Group on Price Statistics (ILO, IMF, OECD, Eurostat, UNECE, World Bank) and executed by a team led by Statistics Netherlands.

Team Bert M. Balk – Statistics Netherlands (till 1 Feb 2011) and Rotterdam School of Management, Erasmus University Jan de Haan – Statistics Netherlands W. Erwin Diewert – University of British Columbia Marc Prud’homme – Statistics Canada and University of Ottawa David Fenwick - consultant

Timing of activities May 2009 Start of the project Nov 2009 Eurostat-IAOS-IFC Conference, BIS, Basel May 2010 UNECE/ILO CPI Meeting: Version 1.0 presented Dec 2010 Version 2.0 on line Jan 2011 Version 3.0 on line Feb 2011 This RPPI Workshop May 2011 Final version should be ready

Contents Chapter Status 1. Preface NA 2. Introduction 3. Uses of RPPIs 4. Elements for a conceptual framework 5. Stratification methods 6. Hedonic regression methods 7. Repeat sales methods Incom 8. Appraisal-based methods plete 9. Land and structures decomposition

Contents (continued) Chapter Status 10. Data sources 11. Methods currently used 12. Empirical examples 13. Recommendations and guidelines Bibliography Glossary Incomplete Index NA

Purpose of this workshop Presentation of Version 3.0 of the “Handbook on Residential Property Price Indices”. To obtain feedback, comments and suggestions. What comes next?