Has the euro sustainably increased home price co‐movement?

A low level of co‐movement between different euro country housing markets creates difficulties for the ECB in setting monetary policy. Such co‐movement across eurozone countries has been the subject of a number of studies, using different methodologies and finding mixed results. In this study, we use endogenous break methods to explicitly test for whether the introduction of the euro has changed home value co‐movement. We also employ informal correlation analysis. Endogenous break results indicate no sustainable increase in co‐movement attributable to the euro, whereas correlation analysis is suggestive of a decrease in synchronization since the currency's introduction.     

Reviews

Ireland and Scandinavia in the Early Viking Age, HOWARD B. CLARKE, M#AAAIRE NI MHAONAIGH & RAGHNALL #AAO FL#AAOINN (eds), 1998, Dublin, Four Courts Press, pp.468, ISBN 1.85182.235.6, £25.00 (hb)

The Making of Ireland, From Ancient Times to the Present, JAMES LYDON, 1998, London and New York, Routledge, pp.425, ISBN 0.415.01348.8, £14.99 (pb)

Pathways to Ulster's Past: Sources and Resources for Local Studies, PETER COLLINS, 1998, Belfast, Institute of Irish Studies, Queen's University, pp.xi + 158, ISBN 0.85389.693.3, £6–50 (pb)

If The Irish Ran The World: Montserrat, 1630–1730, DONAL HARMAN AKENSON, 1997, Liverpool, Liverpool University Press, pp.273, ISBN 0.85323.952.5, £29.95 (hb); ISBN 0.5232.962.2, £14.95 (pb)

Propagating the Word of Irish Dissent 1650–1800, K. HERLIHY (ed.), 1998, Dublin, Four Courts Press, pp.137, ISBN 1.85182.411.1, £30.00 (hb); ISBN 1.85182.412.X, £11.99 (pb)

Ireland Since 1690: A Concise History, ROY DOUGLAS, LIAM HARTE & JIM O'HARA, 1999, Belfast, Blackstaff Press, pp. 247, ISBN 0–85640–645–7, £8.99 (pb)

Ireland: Towards New Identities?, KARL‐HEINZ WESTARP & MICHAEL BOSS (eds), 1998, Denmark, Aarhus University Press [Dolphin Series: 29, General Editor Tim Caudery], pp. 180, ISBN 87.7288.380.4, £14.95 (pb)

The Bellews of Mount Bellew: A Catholic Gentry Family in Eighteenth‐Century Ireland, KAREN J. HARVEY, 1998, Dublin, Four Courts Press, pp.218, ISBN 1.85182.351.4, £30.00 (hb)

Henry Flood: Patriots and Politics in Eighteenth‐Century Ireland, JAMES KELLY, 1998, Dublin, Four Courts Press, pp.486, ISBN 1.85182.365.4, £39.50 (hb)

Counties of South Ulster 1834–8: Ordnance Survey Memoirs of Ireland, Volume 40, ANG#AAELIQUE DAY & PATRICK MCWILLIAMS (eds), 1998, Belfast, Institute of Irish Studies, Queen's University Belfast, pp. 200, ISBN 0.85389.661.5, £8.75 (pb)

Famine Diary, BRENDAN #AAO CATHAOIR, 1999, Dublin, Irish Academic Press, pp. xix + 201, ISBN 0.7165.2655.7, £18.95 (hb)

Famine, Land and Politics: British Government and Irish Society 1843–50 PETER GRAY, 1999 Dublin, Irish Academic Press pp. ix +384, ISBN 0.7165.2564.X, £39.50, US$57.50 (hb)

The Great Shame: A Story of the Irish in the Old World and the New, THOMAS KENEALLY, 1998, London, Chatto and Windus, pp.xvii +732, ISBN 0.091.83736.7, £25.00 (hb)

Some Ethical Questions of Peace and War, WALTER MCDONALD, 1919; TOM GARVIN (ed.), 1998, Dublin, University College Dublin Press, pp. 140, ISBN 1.900621.18.5, £9.95 (pb)

The Victory of Sinn Fein, P. S. O'HEGARTY, 1924; TOM GARVTN (ed.), 1998, Dublin, University College Dublin Press, pp. 164, ISBN 1.900621.17.7, £10.95 (pb)

Dividing Ireland: World War I And Partition, THOMAS HENNESSEY, 1998, London, Routledge, pp.280, ISBN 0.415.19880.1, £16.99 (pb)

Location and Dislocation in Contemporary Irish Society: Emigration and Irish Identities, JIM MACLAUGHLIN (ed.), 1997, Cork, Cork University Press, pp.354, ISBN. 1.85918.054X, £45.00 (hb); ISBN.1.85918.055.8, £15.95 (pb)

John Hume and the SDLP: Impact and Survival in Northern Ireland, GERARD MURRAY, 1998, Dublin, Irish Academic Press, pp.328, ISBN 0.7165.2644.1, IR£27.57 (hb)

Battling for Peace, RICHARD NEEDHAM, 1999, Belfast, Blackstaff Press, pp. 344, ISBN 0.85640.654.6, £12.99 (pb)

Talking to the Dead: A Study of Irish Funerary Traditions, NINA WITOSZEK & PAT SHEERAN, 1998, Amsterdam, Rodopi, Costerus New Series 117, pp. 182, ISBN 9.789042.00531.0, £19.50 (pb)

Robert Shipboy Mac Adam: his life and Gaelic proverb collection, A. J. HUGHES, 1998, Belfast, Institute of Irish Studies, pp. 240, ISBN 0.85399.698.4, £9.95 (pb)

Irish Popular Culture, 1650–1850, JAMES S. DONNELLY, JR. & KERBY A. MILLER (eds), 1998, Dublin, Irish Academic Press, pp.284, ISBN 0.7165.2551.8, £32.50 (hb)

The Present Lasts a Long Time: Essays in Cultural Politics, FRANCIS MULHERN, 1998, Cork, Cork University Press, pp.203, ISBN 1.85918.225.9, £14.95 (pb)

Media Audiences in Ireland: Power and Cultural Identity, MARY J. KELLY & BARBARA O'CONNOR (eds), 1997, Dublin, University College Dublin, pp.288, ISBN 1.900621.09.6, £13.50 (pb)

Ireland and Cultural Theory: The Mechanics of Authenticity, COLIN GRAHAM & RICHARD KIRKLAND (eds), 1999 Basingstoke, Macmillan, pp. 249, ISBN 0–333–67597–5, £16.99 (pb)

The Apple Branch: A Path to Celtic Ritual, ALEXEI KONDRATIEV, 1998, Cork, Collins Press, pp.263, ISBN 1.898256.42.X, £12.99 (pb)

Conversing with Angels and Ancients: Literary Myths of Medieval Ireland, JOSEPH FALAKY NAGY, 1997, Dublin, Four Courts Press, pp.356, ISBN 1.85182303.4, £35.00 (hb)

Margaret Aylward 1810–1889: Lady of Charity, Sister of Faith, JACINTA PRUNTY, 1999, Dublin, Four Courts Press, pp. 192, ISBN 1.85182.438.3, £14.95 (pb)

Poets and Politics: Reaction and Continuity in Irish Poetry, 1558–1625, MARC CABALL, 1998, Cork, Field Day Monographs/Cork University Press, Series Editor, Seamus Deane, pp.232, ISBN 1.85918.162.7, £16.95 (pb)

The Anglo‐Irish Novel and the Big House, VERA KREILKAMP, 1998, Syracuse, NY, Syracuse University Press, pp.289, ISBN 0.8156.2752.1, US$44.95 (hb)

Irish Encounters: Poetry, Politics and Prose since 1S80, ALAN MARSHALL & NEIL SAMMELLS (eds), 1998, Bath, Sulis Press, pp. 199, ISBN 0.9526856.3.9, £35.00 (hb); ISBN 0.9526856.4.7, £13.95 (pb)

Red‐Headed Rebel: Susan L. Mitchell, Poet and Mystic of the Irish Cultural Renaissance, HILARY PYLE, 1998, Dublin, Woodfield Press, pp.248, ISBN 0.9528453.7.7, £12.50 (pb)

The Harlem and Irish Renaissances: Language, Identity and Representation, TRACY MISHKIN, 1998, Gainsville, FL, University Press of Florida, pp. 127, ISBN 0.8130.1611.8, US$49.95 (hp)

Advertising and Commodity Culture in Joyce, GARRY LEONARD, 1998, Gainesville, FL, University Press of Florida, pp.252, ISBN 0–8130–1632–0, US849.95 (hb)

Joyce, Joyceans and the Rhetoric of Citation, ELOISE KNOWLTON, 1998, Gainesville, FL, University Press of Florida, pp.x+ 135, ISBN 0.8130.1610‐X, £39.95 (hb)

Theatre of Shadows: Samuel Beckett's Drama, 1956–1976, ROSEMARY POUNTNEY, 1998, Gerrards Cross, Colin Smythe, pp.309, ISBN 0.86140.407.6, £12.95 (pb)

The Unappeasable Host: Studies in Irish Identities, ROBERT TRACY, 1998, Dublin, University College Dublin Press, pp.288, ISBN 1.900621.06.1, £30.00 (hb); ISBN 1.900621.07.X, £15.95 (pb)

Mistaken Identities: Poetry and Northern Ireland, PETER MCDONALD, 1997, Oxford, Clarendon Press, pp. ix + 226, ISBN 0.19.818422.0, £35.00 (hb)

Folklore and the Fantastic in Twelve Modern Irish Novels, MARGUERITE QUINTELLI‐NEARY, 1997, Westport, CT and London, Greenwood Press, pp. 166, ISBN 0.313.30490.4, £39.50 (hb)

Contemporary Irish Literature: Transforming Tradition, CHRISTINA HUNT MAHONY, 1998, New York, St Martin's Press, pp.299, ISBN 0.312.15871.8, US$55.00 (hb); ISBN 0.312.21901.6, US$18.95 (pb)

Selected Plays of Micheál mac Liammóir, JOHN BARRETT (ed.), 1998, Gerrards Cross, Colin Smythe; Washington, DC, Catholic University of America Press, pp.319, ISBN 0.86140.154.9, £30.00 (hb); ISBN 0.86140.155.7, £9.95 (pb)

Selected Plays: T. C. Murray, RICHARD ALLEN CAVE, 1998, Gerrards Cross, Colin Smythe, pp. 274, ISBN 0.86140.142.5, £30.00 (hb)

Selected Plays: M. J. Molloy, ROBERT O'DRISCOLL, 1998, Gerrards Cross, Colin Smythe, pp.394, ISBN 0.86140.148.4, £35.00 (hb);, ISBN 0.86140.149.2, £9.93 (pb)

Sacrilege, BRENDAN CLEARY, 1998, Newcastle‐upon‐Tyne, Bloodaxe Books, pp. 96, ISBN 1.85224.460.7, £7.95 (pb), Snakeskin Stilettos, MOYRA DONALDSON, 1998, Belfast, Lagan Press, pp. 78, ISBN 1.8736.8725.7, £5.95 (pb.)

The Things that Were, AUBREY DILLON‐MALONE, 1998, Dublin, Ashfield Press, pp. 256, ISBN 1.901658.090.0, £7.99 (pb)

Getting Used to Not Being Remarkable, MICHAEL FOLEY, 1998, Belfast, The Black Staff Press, pp. 306, ISBN 0.85640.626.0, £8.99 (pb)

Re/Dressing Cathleen: Contemporary Works from Irish Women Artists, JENNIFER GRINNELL & ALSTON CONLEY (eds), 1997, Boston, McMuIlen Museum of Art, Boston College and Cork, Cork University Press, pp. 144, ISBN 0.9640153.8.2, £14.95 (pb)

Contemporary Irish Cinema Cineaste Supplement, vol. xxiv, nos. 2–3, March 1999, New York, pp. 23–76, ISSN 25274.79078, US$6.00