{"product_id":"property-price-index-w-erwin-diewert-9784431559405","title":"Property Price Index: Theory and Practice","description":"\u003cp\u003eThis book answers the question of how exactly property price indexes should be constructed.\u003c\/p\u003e\u003cp\u003eThe formation and collapse of property bubbles has had a profound impact on the economic administration of many nations. The property price bubble that began around the mid-1980s in Japan has been called the 20th century's biggest bubble. In its aftermath, the country faced a period of long-term economic stagnation dubbed the \"lost decade.\" Sweden and the United States have also faced collapses of property bubbles in the 20th and early 21st centuries, respectively.\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eIt has been pointed out that the \"information gap\" that existed between policy-making authorities and the property (including housing) and financial markets was a problem. In 2009, the IMF proposed the creation of a housing price index to the G20 in order to fill this information gap, and the proposal was adopted. Furthermore, in 2011, it was suggested that the next economic crisis would be caused by a bubble incommercial property prices, and it was decided to create a commercial property index as well.\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book provides practical examples of how the theory of property price indexes can be applied to the issues of property as a non-homogenous good and a technological and environmental change. \u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e W. Erwin Diewert,Kiyohiko G. Nishimura,Chihiro Shimizu\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 443155940X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9784431559405\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/25\/2020\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 360\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.55lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.88d","brand":"W. Erwin Diewert","offers":[{"title":"Hardcover","offer_id":48446448042239,"sku":"9784431559405","price":129.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_a19c878f-3815-4729-8048-6c197a8422c7.jpg?v=1777224704","url":"https:\/\/www.whiterainbookhouse.com\/products\/property-price-index-w-erwin-diewert-9784431559405","provider":"WR Book House","version":"1.0","type":"link"}