Proceedings of a joint conference organized by the BIS and the IMF in Washington DC, 27–28 October 2003
 
© Bank for International Settlements and International Monetary Fund
April 2005

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Foreword and Table of Contents (84 kb pdf)
 
Welcoming remarks (46 kb pdf)
    Horst Köhler
    Carol Carson
    Paul Van den Bergh

1. Impact of real estate on financial and monetary stability
(1,182 kb pdf)
    Robert Heath
    Haibin Zhu
    Thomas F Helbling
    Shigenori Shiratsuka


2. Usefulness of available statistics
(369 kb pdf)
    Stephan V Arthur
    Rupert Nabarro and Tony Key
    Boaz Boon
    Kathleen Stephansen and Maxine Koster


3. Country experiences in the compilation of real estate price indices
(671 kb pdf)
    Kelvin Fan and Wensheng Peng
    Estrella V Domingo and Reynaldo F Fulleros
    Christo Luüs
    Bruce Grimm
    Ivan Matalík, Michaela Skolkova and Jan Syrovatka


4. Methodological issues regarding residential real estate prices
(404 kb pdf)
    Bradford Case and Susan Wachter
    Robert Wood
    Paul Hilbers


5. Methodological issues regarding commercial real estate prices
(137 kb pdf)
    Donald R Haurin
    Jon Southard


6. Hedonic real estate price indices
(414 kb pdf)
    Marc Prud’Homme
    Luís Otávio Reiff and Ana Luiza Barbosa
    Anne Laferrère


7. Aggregation issues
(599 kb pdf)
    Henning Ahnert and Adrian Page
    Stephan V Arthur
    Anthony Pennington-Cross
    Robert J Shiller


8. Valuation of real estate in special situations
(290 kb pdf)
    Elvin Fernandez
    Mary O’Rourke and Susan Merrick
    Jeffrey D Fisher


9. Areas of future work
(169 kb pdf)
    David Fenwick

Closing Remarks (25 kb pdf)
    Paul Van den Bergh
    Carol Carson