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

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

Asset prices and wealth inequality

VOX – CEPR Policy Portal, 09 August 2018, by Moritz Kuhn, Moritz Schularick, Ulrike Steins. “Recent work examining the evolution of the wealth distribution has tended to not paid much attention to the role of asset prices. This column uses a new US dataset to explore the role that asset...

Continue reading

Many Americans Still Feel the Sting of Lost Wealth

Bloomberg, August 8, 2018, by Noah Smith The housing crash hurt the poor and middle class more than the rich, who rode the bull stock market. The financial crisis and the Great Recession were absolutely devastating for the wealth of middle- and lower-income Americans. A report from the Federal Reserve Bank of Minneapolis...

Continue reading

Rotterdam Workshop: Frontiers in Financial History

On the 19th of June 2018, the University of Bonn along with the Erasmus School of Economics and the European Association for Banking and Financial History (EABH) have co-organized the Workshop “Frontiers in Financial History”. Scholars and academics, from different universities, joined and discussed their latest findings on financial markets. You may have...

Continue reading