‘A Brief History of Doom’ by Richard Vague: Borrowing, booms, and busts

The Philadelphia Inquirer, June 14, 2019, by Joseph N. DiStefano. Is economics science? If so, why is there so much confusion over the basic causes and effects of prosperity and decline? [……] Richard Vague, the mass-marketing mogul turned Philadelphia investor-philanthropist-policy scholar, convened a team of researchers to measure economic downturns in the United...

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The macroeconomic impact of Trump

Centre for Economic Policy Research, June 2019, by Benjamin Born, Gernot Müller, Moritz Schularick, Petr Sedlacek How much credit does Donald Trump deserve for the macroeconomic performance of the US economy? Growth and job creation have been robust during the first 2.5 years since he took office, but this does not prove...

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Bank lending is still out of balance

The Sunday Times, May 3 2019, by Aongus Buckley. A note from the Central Bank this week discussed the fact that property continued to account for about 70 per cent of total lending at Irish banks even as they restructured after the crisis. [……] While banks around the world have turned into mortgage-machines,...

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Frontiers in Macrofinance and Financial History

The University of Bonn and Erasmus University Rotterdam will co-organize a conference “Frontiers in Macrofinance and Financial History” on July 3, 2019 where scholars and academics, from different universities, will join and discuss their latest findings on financial markets. Speakers include: Mintra Dwarkasing (Erasmus University), Rainer Haselmann (Goethe University Frankfurt),...

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Immobilienboom spaltet Deutschland in Arm und Reich

Süddeutsche Zeitung, 19. Juni 2019 by Alexander Hagelüken. Deutschland galt lange als Land, in dem Häuser kaum teurer werden. Der Immobilienhype seit den 1990er Jahren spielte sich woanders ab: in den USA, Großbritannien oder Spanien. Doch dieses Jahrzehnt verteuern sich deutsche Wohnungen und Häuser auf einmal rasant. Forscher ermitteln jetzt:...

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Der Immobilienboom verschärft die Ungleichheit

Frankfurter Allgemeine Zeitung, 22. Juni 2019, by Christian Siedenbiedel. Es kommt nicht so ganz oft vor, dass deutsche Volkswirte ein Arbeitspapier mit Friedrich Engels beginnen. Der Bonner Ökonom Moritz Schularick und seine Kollegen Till Baldenius und Sebastian Kohl zitieren Engels’ Schriften „Zur Wohnungsfrage“ aus dem 19. Jahrhundert, um ihre aktuelle...

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