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Crone, Theodore M.

Overview
Works: 17 works in 29 publications in 1 language and 105 library holdings
Roles: Author
Classifications: HD1379, 643
Publication Timeline
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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 )
5 editions published between 1996 and 1998 in English and held by 23 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
Estimating house price appreciation : a comparison of methods by Theodore M Crone( Book )
3 editions published in 1992 in English and held by 14 libraries worldwide
Vector-autoregression forecast models for the Third District states by Theodore M Crone( Book )
4 editions published in 1992 in English and held by 14 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
Elements of an economic justification for municipal zoning by Theodore M Crone( Book )
2 editions published in 1982 in English and held by 8 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
Changing rates of return on rental property and condominium conversions by Theodore M Crone( Book )
1 edition published in 1984 in English and held by 6 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 6 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
Rents have been rising, not falling, in the postwar period by Theodore M Crone( Book )
1 edition published in 2008 in English and held by 2 libraries worldwide
Until the end of 1977, the U.S. consumer price index for rents tended to omit rent increases when units had a change of tenants or were vacant, biasing inflation estimates downward. Beginning in 1978, the Bureau of Labor Statistics (BLS) implemented a series of methodological changes that reduced this nonresponse bias, but substantial bias remained until 1985. The authors set up a model of nonresponse bias, parameterize it, and test it using a BLS microdata set for rents. From 1940 to 1985, the official BLS CPI-W price index for tenant rents rose 3.6 percent annually; the authors argue that it should have risen 5.0 percent annually. Rents in 1940 should be only half as much as their official relative price; this has important consequences for historical measures of rent-house-price ratios and for the growth of real consumption. (Revision forthcoming in Review of Economics and Statistics.)
Risk and return within the single-family housing market by Theodore M Crone( Book )
2 editions published in 1998 in English and held by 2 libraries worldwide
The Federal Reserve Bank of Philadelphia presents the full text of the December 1997 working paper entitled "Risk and Return Within the Single-family Housing Market," written by Theodore M. Crone and Richard Voith. The text is available in PDF format. This paper investigates the existence of tradeoff in the single-family housing market. The authors find that a consumption and investment link negates the risk and return tradeoff within the single-family housing market
Changing rates of return on rental property and condominium conversions by Theodore M Crone( Article )
2 editions published between 1987 and 1988 in English and held by 2 libraries worldwide
Philadelphia's fiscal crisis by Theodore M Crone( Book )
1 edition published in 1990 in English and held by 2 libraries worldwide
Measuring American rents : a revisionist history by Theodore M Crone( Book )
1 edition published in 2001 in English and held by 2 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
Core measures of inflation as predictors of total inflation by Theodore M Crone( Book )
1 edition published in 2011 in English and held by 1 library worldwide
Policymakers tend to focus on core inflation measures because they are thought to be better predictors of total inflation over time horizons of import to policymakers. The authors find little support for this assumption. While some measures of core inflation are less volatile than total inflation, core inflation is not necessarily the best predictor of total inflation. The relative forecasting performance of models using core inflation and those using only total inflation depends on the inflation measure and time horizon of the forecast. Unlike previous studies, the authors provide a measure of the statistical significance of the difference in forecast errors. Supersedes Working Paper 08-9
Consistant economic indexes for the 50 states by Theodore M Crone( Book )
1 edition published in 2003 in English and held by 1 library worldwide
Matthew 18 : its implication for Church order by Theodore M Crone( Book )
1 edition published in 1967 in English and held by 1 library worldwide
 
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English (29)
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