Purpose: This paper aims to examine whether there exists a long-run causal relationship between house prices and unemployment rates for eight major European countries. Design/methodology/approach: The bootstrap panel Granger causality approach that accounts for cross-sectional dependence, slope...

Purpose: This paper aims to examine whether there exists a long-run causal relationship between the prices of households’ two major assets: stocks and houses over the period 1975Q1–2017Q1 for seven major European countries. Design/methodology/approach: The paper uses the bootstrap panel...