Black income is half that of white households in the US—just like it was in the 1950s

Quartz, September 1, 2018, by Gwynn Guilford. In 1953, Don Barksdale became the first African-American named to the National Basketball Association All-Star team. That same year, Leontyne Price’s performance of “Summertime” at a Metropolitan Opera gala made her the first African-American to sing with the famed New York company. It was also the year that...

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How to Reduce Home-Ownership Risk

The Wall Street Journal, Sep 3, 2018, by Benjamin Harris. Benjamin Harris (@econ_harris) is a visiting associate professor at the Kellogg School of Management and was the chief economist to Vice President Joe Biden. [….] Famous housing economist Robert Shiller lamented in a 2014 paper that “nothing fundamental has changed” in housing finance since...

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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...

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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...

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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...

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