A Long Run House Price Index: TheHerengracht Index, 1628–1973
基于阿姆斯特丹赫伦格拉赫特运河沿岸建筑交易数据，构建了1628至1973年的双年度房地产价格指数，采用特征重复测量方法，发现二战后实际价格年均上涨约3.2%，但1973年实际价值仅为1628年的两倍。
This article introduces a biennial historic index of real estate values for the period 1628 through 1973. This index is based on the transactions of the buildings on the Herengracht, one of the canals in Amsterdam. Since its development, the quality of the buildings on this canal has been on a constant, high level, which makes the Herengracht a unique sample to base a long run house price index upon. The index is a hedonic repeated‐measures index and is estimated in real terms. An index is also constructed in nominal terms. The average real price increase after World War II is about 3.2% per annum. Nevertheless, the real value of the index in 1973 is only twice as high as it was in 1628.