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Crone, Theodore M.

Overview
Works: 22 works in 46 publications in 1 language and 187 library holdings
Genres: Fiction 
Classifications: HG2613.P54, 813.6
Publication Timeline
Key
Publications about Theodore M Crone
Publications by Theodore M Crone
Most widely held works by Theodore M Crone
Risk and return in the single-family housing market by Theodore M Crone( Book )
4 editions published between 1996 and 1998 in English and held by 21 libraries worldwide
This paper examines the existence of the same trade-off in the single-family housing market. That market is dominated by homeowners, who constitute about two-thirds of U.S. households. For them the choice about how much housing and what house to buy is a joint consumption/investment decision. Furthermore, owner-occupied housing is by nature a lumpy investment whose risk cannot be completely diversified. Does this consumption/investment link negate the risk/return trade-off within the single-family housing market? Theory suggests the link still holds. This paper supplies empirical evidence in support of that theoretical result. support of that theoretical result
Measuring housing services inflation by Theodore M Crone( Book )
5 editions published between 1998 and 1999 in English and held by 19 libraries worldwide
Consistent economic indexes for the 50 states by Theodore M Crone( Book )
5 editions published between 2002 and 2004 in English and held by 17 libraries worldwide
"In the late 1980s James Stock and Mark Watson developed for the U.S. economy an alternative coincident index to the one now published by the Conference Board. They used the Kalman filter to estimate a latent dynamic factor for the national economy and designated the common factor as the coincident index. This paper uses the Stock/Watson methodology to estimate a consistent set of coincident indexes for the 50 states. These indexes provide researchers with a comprehensive monthly measure of economic activity that can be used to examine a number of state and regional issues"--Federal Reserve Bank of Philadelphia web site
Measuring American rents : a revisionist history by Theodore M Crone( Book )
3 editions published in 2001 in English and held by 13 libraries worldwide
Until the end of 1977, the method used to measure changes in rent of primary residence in the U.S. consumer price index (CPI) tended to omit price changes when units changed tenants or were temporarily vacant. Since such units typically had more rapid increases in rents than average units, omitting them biased inflation estimates downward. Beginning in 1978, the Bureau of Labor Statistics (BLS) implemented a series of methodological changes that reduced this bias. The authors use data from the American Housing Survey to check the success of the corrections. They compare estimates of the historical series adjusted for the BLS changes in methodology with a new hedonic estimate of changes in rental rates. The authors conclude that from 1940 to 1977 the CPI for rent would have been about 60 percent higher if current BLS practices had been used - between 1.3 and 3.5 percentage points. Even after the corrections have been made, the authors' hedonic estimates suggest that the current CPI methodology may still understate the rental inflation rate by one-half to 1 percentage point.--FRB Philadelphia web site
Vector-autoregression forecast models for the Third District states by Theodore M Crone( Book )
2 editions published in 1992 in English and held by 12 libraries worldwide
Estimating house price appreciation : a comparison of methods by Theodore M Crone( Book )
1 edition published in 1992 in English and held by 12 libraries worldwide
A Bayesian VAR forecasting model for the Philadelphia metropolitan area by Theodore M Crone( Book )
2 editions published in 1999 in English and held by 12 libraries worldwide
Forecasting trends in the housing stock using age-specific demographic projections by Theodore M Crone( Book )
1 edition published in 1990 in English and held by 11 libraries worldwide
Using state indexes to define economic regions in the U.S. by Theodore M Crone( Book )
2 editions published in 1999 in English and held by 10 libraries worldwide
Elements of an economic justification for municipal zoning by Theodore M Crone( Book )
2 editions published in 1982 in English and held by 9 libraries worldwide
Changing rates of return on rental property and condominium conversions by Theodore M Crone( Book )
3 editions published between 1984 and 1988 in English and held by 8 libraries worldwide
The effect of recent tax reform proposals on the return to owner-occupied housing by Theodore M Crone( Book )
1 edition published in 1985 in English and held by 7 libraries worldwide
Natural vacancy rates and the persistence of shocks in U.S. office markets by Richard Voith( Book )
1 edition published in 1988 in English and held by 7 libraries worldwide
The CPI for rents : a case of understated inflation by Theodore M Crone( Book )
2 editions published in 2004 in English and held by 5 libraries worldwide
"Until the end of 1977, the method used in the U.S. consumer price index (CPI) to measure rent inflation tended to omit rent increases when units had a change of tenants or were vacant. Since such units typically had more rapid increases in rents than average units, this response bias biased inflation estimates downward. Beginning in 1978, the Bureau of Labor Statistics (BLS) implemented a series of methodological changes that reduced response bias but substantial bias remained until 1985. We set up a model of response bias, parameterize it, and test it using a BLS microdata set for rents. We conclude that from 1940 to 1985 the CPI inflation rate for rent most likely was understated by 1.4 percentage points annually in U.S. data. We construct an improved rental inflation series for 1940 to 2000; at the starting point in 1940, the revised index is 54 percent as large as the official CPI"--Federal Reserve Bank of Philadelphia web site
Hedonic estimates of the cost of housing services : rental and owner-occupied units by Theodore M Crone( Book )
2 editions published in 2004 in English and held by 4 libraries worldwide
"Recent papers have questioned the accuracy of the Bureau of Labor Statistics' methodology for measuring rent increases and changes in implicit rents for owner-occupied housing. We compare the BLS estimates of increases in rents and owner-occupied housing costs to regression-based estimates using data from the American Housing Survey. A hedonic approach that explicitly calculates capitalization rates produces a methodologically consistent measure of the rental cost of owner-occupied housing. We estimate that between 1985 and 1999 the Consumer Price Index (CPI-U) may have understated the cumulative increase in rents. But any understatement was slight. On the other hand, we estimate that the CPI overstated the increase in the cost of housing services for homeowners by 0.4 percent on an annualized basis from 1985 to 1999"--Federal Reserve Bank of Philadelphia web site
A redefinition of economic regions in the U.S. by Theodore M Crone( Book )
2 editions published in 2004 in English and held by 4 libraries worldwide
"Since the 1950s the Bureau of Economic Analysis (BEA) has grouped the states into eight regions based primarily on cross-sectional similarities in their socioeconomic characteristics. This is the most frequently used grouping of states in the U.S. for economic analysis. Since several recent studies concentrate on similarities and differences in regional business cycles, this paper groups states into regions based not on a broad set of socioeconomic characteristics but on the similarities in their business cycles. The analysis makes use of a consistent set of coincident indexes estimated from a Stock and Watson-type model. We applied k-means cluster analysis to the cyclical components of these indexes to group the 48 contiguous states into eight regions with similar cycles. Having grouped the states into regions, we determine the relative strength of cohesion among the states in the various regions. Finally, we compare the regions defined in this paper with the BEA regions"--Federal Reserve Bank of Philadelphia web site
The yellow stone by Theodore M Crone( Computer File )
1 edition published in 2009 in English and held by 4 libraries worldwide
Luzan Kiowa has lived in the canyon all her life, but it's never felt right. Leaving the man she loves behind, she journeys with a group of searchers to find her real home. She takes along with her the yellow stone given to her by her Moma Kiowa, whose ancestors took it from their homeland following a devastating super volcano eruption. The stone leads her to the home of her ancestors, but the place is not what she expects. Will she continue to live in the strange new land where life is easy, or will she return to the only Ameriki who can truly warm her heart and anchor her feet to the earth?
Philadelphia's fiscal crisis by Theodore M Crone( Book )
1 edition published in 1990 in English and held by 3 libraries worldwide
An alternative definition of economic regions in the US based on similarities in state business cycles by Theodore M Crone( Book )
1 edition published in 2003 in English and held by 3 libraries worldwide
Core measures of inflation as predictors of total inflation by Theodore M Crone( Book )
3 editions published between 2008 and 2011 in English and held by 3 libraries worldwide
Two rationales offered for policymakers' focus on core measures of inflation as a guide to underlying inflation are that core inflation omits food and energy prices, which are thought to be more volatile than other components, and that core inflation is thought to be a better predictor of total inflation over time horizons of import to policymakers. The authors' investigation finds little support for either rationale. They find that food and energy prices are not the most volatile components of inflation and that depending on which inflation measure is used, core inflation is not necessarily the best predictor of total inflation. However, they do find that combining CPI and PCE inflation measures can lead to statistically significant more accurate forecasts of each inflation measure, suggesting that each measure includes independent information that can be exploited to yield better forecasts
 
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