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We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these questions, we first estimate the global components in house prices and various macroeconomic and financial variables. We then evaluate the roles played by a variety of global shocks, including shocks to interest rates, monetary policy, productivity, credit, and uncertainty, in explaining house price fluctuations using a wide range of FAVAR models. We find that house prices are synchronized across countries, and the degree of synchronization has increased over time. Global interest rate shocks tend to have a significant negative effect on global house prices whereas global monetary policy shocks per se do not appear to have a sizeable impact. Interestingly, uncertainty shocks seem to be important in explaining fluctuations in global house prices.
His ad read: Submissive wanted - 3 Days Only!For Eric, dominant tendencies ran in the family. But God help him, if he had to sit through another holiday dungeon party matched to the worst submissive his mother could find, he was going to choke somebody... and not in a good way. Still, never in his wildest dreams did he expect that ad to work. He certainly didn't expect to find a submissive like Lacey--shy, reserved, unbelievably eager to please, and best of all, a preferential Little that fit perfectly with his Daddy Dom desires. The only fly in the warming lubricant? Lacey had the hunger, but some past ex had told her that she wasn't 'real'--not a real Little; not a real submissive. She believed it, but she couldn't be more wrong and he was going to prove it to her. The first job of a Daddy Dom had nothing to do with spankings, cuddles, rules or sex. Daddy Dom Priority #1: Take Care of Your Submissive. Lacey was about to learn this the hard way... Especially once she became Daddy's Little.Author note: Originally published under the title Real.
Winner of the PEN/Faulkner Award for Fiction "Hearken ye fellow misfits, migrants, outcasts, squint-eyed bibliophiles, library-haunters and book stall-stalkers: Here is a novel for you."--Wall Street Journal "A tragicomic picaresque whose fervid logic and cerebral whimsy recall the work of Bola o and Borges." --New York Times Book Review Finalist for the PEN/Faulkner Award for Fiction * Longlisted for the PEN/Open Book Award * An Amazon Best Book of the Year * A Publishers Weekly Bestseller Named a Best Book by: Entertainment Weekly, Harper's Bazaar, Boston Globe, Fodor's, Fast Company, Refinery29, Nylon, Los Angeles Review of Books, Book Riot, The Millions, Electric Literature, Bitch, Hello...
The linguistic integration of migrants affects every aspect of settling in a new country (employment, health, etc.). The aim of this collection of texts is to propose a number of specific measures member states can take to help adult migrants become acquainted with the language of the host country. The main focus is on organising language courses that meet migrants’ real communication needs. It is not enough for authorities simply to consider the technical aspects of such courses, they should also design and conduct them in accordance with the fundamental values of the Council of Europe. A number of issues concerning the linguistic integration of adult migrants are presented here, beginnin...
"Ralph Crosby's Memoirs of a Main Street Boy" tells the tale of growing up at a tempestuous time in U.S. history-from the Great Depression, through World War II and the Cold War-in a town where America's colonial history was even more tempestuous, amid homes and institutions that still exist. The story takes you through the author's interplay with these historic places and events that helped shape U.S. history, as well as shaping his life and those of his generation.Told from recollection and experiences of a child grown to manhood, the book combines the story of Annapolis Maryland's unique place in American history with its typical small town life, made atypical by its Chesapeake Bay locati...
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