UK house price momentum will slow modestly in 2022

Purpose This study aims to examine the house price fluctuations in G7 countries by using the multifractal detrended fluctuation analysis (MF-DFA) for the years 1970–2019. The study examined the market efficiency between the short-term and long-term in the full sample period, before and after the global financial crisis period. Design/methodology/approach This study uses the MF-DFA to analyze house price fluctuations. Findings The findings confirmed that the housing market series are multifractal. Furthermore, all the markets showed long-term persistence in both the short and long-term. The USA is identified as the most persistent house market in the short run and Japan in the long run. Moreover, in terms of efficiency, Canada is identified as the most efficient house market in the long run and the UK in the short run. Finally, the result of before and after the financial crisis period is consistent with the full sample result. Originality/value The contribution of this study in the literature is fourfold. This is the first study that has examined the house prices efficiency by using the MF-DFA technique given by Kantelhardt et al. (2002). Previously, the house market prices and efficiency has been investigated using generalized Hurst exponent (Liu et al., 2019), Quantile Regression Approach (Chae and Bera, 2019; Tiwari et al., 2019) but no study to the best of the knowledge has been done that has used the MF-DFA technique on the housing market. Second, this is the first study that has focused on the house markets of G7 countries. Third, this study explores the house market efficiency by dividing the market into two periods i.e. before and after the financial crisis. The study strives to investigate if the financial crisis determines the change in the degree of market efficiency or not. Finally, the study gives valuable insights to the investors that will help them in their investment decisions.

Download Full-text

UK government takes risk in full England reopening

Emerald Expert Briefings ◽

10.1108/oxan-es262890 ◽

2021 ◽

Keyword(s):

United Kingdom ◽

Content Type ◽

Uk Government

Headline UNITED KINGDOM: England reopening carries major risks

Download Full-text

UK forecast upgrades signal earlier policy tightening

Emerald Expert Briefings ◽

10.1108/oxan-es263294 ◽

2021 ◽

Keyword(s):

United Kingdom ◽

Content Type

Headline UNITED KINGDOM: CPI upgrades signal earlier tightening

Download Full-text

Core CPI and wages will be key to UK monetary policy

Emerald Expert Briefings ◽

10.1108/oxan-es261598 ◽

2021 ◽

Keyword(s):

Monetary Policy ◽

United Kingdom ◽

Content Type

Headline UNITED KINGDOM: Core CPI and wages are key to policy

Download Full-text

Russia may entrench its influence in CAR

Emerald Expert Briefings ◽

10.1108/oxan-db262456 ◽

2021 ◽

Keyword(s):

United States ◽

Human Rights ◽

United Kingdom ◽

Security Council ◽

The United States ◽

Content Type ◽

Mining Sites ◽

Un Security Council

Significance Russia on June 28 rejected as “lies” similar allegations by the United States, United Kingdom and France at the UN Security Council. The exchanges come against the backdrop of rising diplomatic tensions between Russia and France in CAR. Impacts Touadera’s ongoing offensive against rebel forces threatens to deliver a fatal blow to the peace deal he struck with them in 2019. Expanding Russian control over key mining sites could be a persistent source of frictions absent sophisticated local arrangements. Human rights concerns will deter some African leaders from engaging with Russia, but not all.

Download Full-text

Consumers' preferences for intrinsic and extrinsic product attributes of plant-based eggs: an exploratory study in the United Kingdom and Italy

British Food Journal ◽

10.1108/bfj-11-2020-1054 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Agnese Rondoni ◽

Elena Millan ◽

Daniele Asioli

Keyword(s):

United Kingdom ◽

Design Methodology ◽

Future Research ◽

Product Attributes ◽

Product Failure ◽

Content Type ◽

The United Kingdom ◽

Analysis Of Results ◽

Method Of Production ◽

Practical Implications

PurposePlant-based eggs have recently been developed to provide consumers with a healthier, animal-friendlier and more sustainable alternative to conventional eggs. The purpose of this paper is to investigate intrinsic and extrinsic attribute preferences for three prototypes of plant-based egg, namely the liquid, powder and egg-shaped.Design/methodology/approachNine focus groups in the United Kingdom and nine in Italy were conducted, with a total of 180 participants. A thematic analysis of results was conducted.FindingsIn terms of intrinsic product attributes, consumers' preferences for colour, shape, taste, ingredients, nutrients, method of production and shelf-life for plant-based eggs were revealed. Regarding the extrinsic attributes, preferences for price, packaging, country of origin and product naming emerged. Similarities and differences between consumers from the two countries are also discussed. Differences in preferences also emerged between vegan and non-vegan consumers.Research limitations/implicationsThis study adds to the existing knowledge on consumers' preferences for new plant-based food alternatives and identifies future quantitative approaches based on qualitative findings.Practical implicationsResults from this study can assist plant-based egg manufacturers in improving their products in line with consumers' expectations, which may help reducing risk of product failure.Originality/valueThis study is the first to investigate consumers' preferences, expectations and needs for new food products like plant-based eggs and provides information that can be practically applied by manufacturers, as well as suggestions for future research.

Download Full-text

China-United Kingdom free trade area

Journal of Chinese Economic and Foreign Trade Studies ◽

10.1108/jcefts-11-2016-0032 ◽

2017 ◽

Vol 10 (1) ◽

pp. 111-126

Author(s):

Shumei Chen ◽

Dandan Li

Keyword(s):

United Kingdom ◽

Free Trade ◽

Free Trade Area ◽

Economic Effects ◽

The European Union ◽

Content Type ◽

Trade Area ◽

Simulation Results ◽

The Uk ◽

Trade Analysis

Purpose The purpose of this paper is to predict the likely economic effects of a free trade area (FTA) on both China and the United Kingdom (hereafter the UK). Design/methodology/approach Following literature review and trade relationship briefing, this paper uses the Global Trade Analysis Project simulation to predict the economic effects of such a FTA on both China and the UK. Findings The simulation results indicate that a China-UK free trade area (hereafter CUFTA) will bring more benefits than harm to both China and the UK, and achieving zero tariff or reducing technological barriers to trade (TBT) is mutually beneficial for both China and the UK, with the growth in GDP, economic welfare as well as import and export. Combining zero tariff and the reduction of TBT in exceptional departments is the most favorable way to improve the macroeconomic effects without bringing damaging effects on the comparative disadvantage industries such as transport equipment, chemicals industries for China and textiles and apparel industry for the UK. Originality/value After the UK voted to leave the European Union, CUFTA is put on the agenda by both the governments, yet there are fewer studies on CUFTA, with this paper being one of the early trials. Besides, based on the simulation results, some policy suggestions will be put forward for future negotiations and industrial policies’ adjustment.

Download Full-text

Liquidity, interest rates and house prices in the euro area: a DSGE analysis

Journal of European Real Estate Research ◽

10.1108/jerer-03-2015-0014 ◽

2016 ◽

Vol 9 (1) ◽

pp. 4-25 ◽

Cited By ~ 6

Author(s):

Margarita Rubio ◽

José A. Carrasco-Gallego

Keyword(s):

Interest Rates ◽

Monetary Union ◽

Euro Area ◽

House Prices ◽

Housing Prices ◽

House Price ◽

Dsge Model ◽

Content Type ◽

The Core ◽

Dynamic Stochastic

Purpose This study aims to build a two-country monetary union dynamic stochastic general equilibrium (DSGE) model with housing to assess how different shocks contributed to the increase in housing prices and credit in the European Economic and Monetary Union. One of the countries is calibrated to represent the core group in the euro area, while the other one corresponds to the periphery. Design/methodology/approach In this paper, the authors explore how a liquidity shock (or a decrease in the interest rate) affects house prices and the real economy through the asset price and the collateral channel. Then, they analyze how a house price shock in the periphery and a technology shock in the core countries are transmitted to both economies. Findings The authors find that a combination of an increase in liquidity in the euro area coming from the common monetary policy, together with asymmetric house price and technology shocks, contributed to an increase in house prices in the euro area and a stronger credit growth in the peripheral economies. Originality/value This paper represents the theoretical counterpart to empirical studies that show, through macroeconometric models, the interrelation between liquidity and other shocks with house prices. Using a DSGE model with housing, the authors disentangle the mechanisms behind these empirical findings.

Download Full-text