In this paper we examine house price synchronization in 15 global cities using real house price data from 1995:Q1-2020:Q2. We find that although there is evidence for bilateral positive phase synchronization, there is no evidence for an integrated global housing market for our sample of cities....

In this paper, we consider the dynamic features of house price in metropolises that are characterised by a high degree of internationalisation. Using a generalised smooth transition (GSTAR) model we show that the dynamic symmetry in house price cycles is strongly rejected for the housing markets...

Hong Kong and Sweden have been regarded as two different welfare regimes. Hong Kong has well been typology as a liberal regime whereas Sweden has long been typology as a social democratic regime. Yet, when we look into the content of specific policy area, we will find that both Hong Kong and...

Die Schweizer Stimmbevölkerung hat am 20. Oktober ein neues Parlament gewählt. Das ist eine grosse Chance, um anstehende Reformen in Angriff zu nehmen – nicht nur in Klimafragen, sondern auch im Umgang mit der Alterung oder beim Verhältnis zur EU. In einer neuen Publikation unter dem Titel...