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.     

Resource abundance constraints on the early post-contact Cherokee population

We present the combination of an analysis of resource demand by the early post-contact (1721) Cherokee population with spatially explicit estimates of production for five key resources: architectural land, agricultural land, firewood, hard mast, and white-tailed deer (Odocoileus virginianus). We combine a recent synthesis of village location and population, a map of recognized Cherokee territory, digital terrain data, estimates of per capita demand, and productive capacity for each resource. Average, high, and low demands were estimated for each resource and assigned based on a weighted function of terrain and distance from each village. We conclude that Cherokee demands for architectural and agricultural land, hard mast, and fuelwood were easily met within a short proximity to each town under all combinations of production and demand. These resources were likely not limiting, and were satisfied for the entire Cherokee population by less than 1% of the entire recognized Cherokee territory in 1721. These resources likely exceeded demand even when sources were restricted to the convex hull of the Cherokee territory, or to near stream, flat regions. Deer resources were likely harvested over a much larger area and to a much greater extent. Our best estimate of deer resource demand was 32% of annual sustainable production in the Cherokee territory, with from 16 to 48% of estimated sustainable production harvested for low and high demand estimates, respectively. Our estimates vary in response to uncertainties in deer production, harvest proportion, deer density, and sustainable harvest rates. Deer demand was substantially higher under all combinations of conditions than that available within the convex hull of Cherokee villages, indicating significant travel was needed to furnish deer requirements. Spatially explicit models that consider terrain- and distance-related tradeoffs suggest that Cherokee demand for deer drove harvest over areas consisting of over half the recognized Cherokee territory.     

The girl with the chariot medallion: a well-furnished,Late Iron Age Durotrigian burial from Langton Herring,Dorset

A well-furnished, Late Iron Age Durotrigian burial was found in 2010 by a metal-detectorist at Langton Herring in Dorset. This report examines all aspects of the discovery, paying particular attention to the skeletal remains, a female aged 19–24, providing the most complete, osteobiographical study of an individual buried with a mirror assemblage from the European Iron Age. A combination of artefacts and radiocarbon dating gives a range for the burial of c.AD 25 – cal AD 53. The grave goods themselves are of exceptional interest, representing an accumulation of artefacts acquired from diverse sources, deposited at a time of major cultural and societal change in southern Britain. The results of a geophysical survey are also presented, together with a discussion of additional well-furnished burials in the Durotrigian tribal tradition, which place the burial deposit within a wider social and landscape framework.