-movement of short-term cycles did appear to spike subsequent to the euro’s adoption, but that this greater apparent integration …A lack of co-movement among the national housing markets in the euro monetary union makes the job of the ECB difficult … cycles, however, have been shown to play a more important role for long-run output and the financial cycle than short …

magnitude, and not just the phase of cycles yields results indicating Scotland exhibits very little co-movement with other euro … obligate Scotland to eventually join the euro common currency. If Scottish home prices were not highly cohesive with those in … euro zone countries, the ECB's monetary policy could cause major disruptions for Scottish housing, and, by extension, the …

If there is a high level of synchronization among euro zone country housing markets, the European Central Bank can … harder time setting policy. Given the importance of housing to the macroeconomy, such co-movement across euro zone countries … are the first to use endogenous break methods to explicitly test for whether the introduction of the euro has changed home …

whether home values converge across eight euro-zone housing markets. Contrary to previous studies, we find only marginal …For the European Central Bank to incorporate euro-wide housing into its policy decisions, it is helpful if home values … evidence that euro housing markets converge. Moreover, for what convergence there appears to be, there is no evidence that the …

policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR …

euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the … EMU aggregate – except for Sweden. Instead, the business cycles in most of the other countries exhibit only a very weak …

euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the … EMU aggregate - except for Sweden. Instead, the business cycles in most of the other countries exhibit only a very weak …

application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we … response. To do so, we use a unifted modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …