The Financial Crisis Is Still Empowering Far-Right Populists

Foreign Affairs, September 13, 2018, by Manuel Funke, Moritz Schularick, and Christoph Trebesch. Why the Effects Haven’t Faded? The 2008 financial crisis was devastating to the world economy. Just how devastating is something economists still argue over. It is not easy to add up the costs of bank bailouts, a lost decade of economic growth, spiking...

Continue reading

Gossen Award for Moritz Schularick

Bonn’s economist Professor Moritz Schularick has been awarded the Hermann Heinrich Gossen Award. Moritz Schularick from the department of economics in Bonn has been awarded the Hermann Heinrich Gossen Award. The BGSE congratulates Moritz Schularick for being awarded the renowned Hermann Heinrich Gossen Award. The award is awarded yearly by...

Continue reading

FAZ: Das Erbe der Finanzkrise

Frankfurter Allgemeine Zeitung, 7 September 2018, by Gerald Braunberger. Kann sie sich wiederholen? Die Wirtschaft läuft, die Banken sind stabiler. Doch die Krise hinterlässt nicht nur hohe Schuldenberge, sondern auch ein erschüttertes Vertrauen in die Politik. “Moritz Schularick spricht von einem „Hockeyschläger“. Daran erinnert die grafische Abbildung des Verhältnisses der...

Continue reading

Housing Is Back, But the American Dream Isn’t

Bloomberg, August 21, 2018, by Noah Smith. Surging prices, tight lending standards and Nimbyism keep the young and poor out of the market. “[…]” The housing market has made a remarkable — if partial — recovery since the disaster that befell it 10 years ago. In the years since the crisis, the market has...

Continue reading

Bull Market Hits a Milestone: 3,453 Days. Most Americans Aren’t at the Party.

The New York Times, August 22, 2018 by Matthew Phillips. The party has been going for more than a decade. But a lot of Americans haven’t been celebrating. “[…]” Stocks crossed a major threshold on Wednesday, when the 10-year-old bull market arguably became the longest on record. “[…]” It ranks among the great booms in...

Continue reading

The Macroeconomics of Inequality (RTG)

A growing concern, in our daily lives, is equality. Hence the economics of inequality is gaining a lot of attention in our current times. The research training group (RTG) 2281, Which is funded by the German Research Foundation (DFG), is providing a unique research opportunities that would bring together ambitious...

Continue reading

The time may be right for land-value taxes

The Economist, Aug 9th 2018. ON A trip to New York in the late 1860s the journalist Henry George was puzzled. He found the rapidly growing city to be a place of unimaginable wealth. Yet it also contained deeper poverty than the less-developed West Coast. How could this be? George...

Continue reading