Land and House Price Measurement in China
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This paper was prepared for the Reserve Bank of Australia and Bank for International Settlements conference on "Property Markets and Financial Stability" in August of 2012. We appreciate the comments of Haibin Zhu and other conference participants on an earlier draft, and gratefully acknowledge Jia He and Mingying Xu for excellent research assistance. Gyourko thanks the Global Research Initiatives Project of the Wharton School, University of Pennsylvania for financial support. Deng and Wu thank the Institute of Real Estate Studies at National University of Singapore for financial support. Wu also thanks the National Natural Science Foundation of China for financial support (No. 71003060). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.