Financial Times: Take the very long view on asset prices

Financial Times, December 21, 2017, by Gillian Tett. “The authors of “The Rate of Return on Everything, 1870-2015” — Oscar Jorda, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan Taylor — have not done this for narrow investment purposes. Instead, they hope to contribute to the academic debates which are...

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Moritz Schularick awarded ERC Consolidator Grant

European Research Council, 28th of November “Is your home a safe investment? Popular wisdom has it that, when deciding where to put your money, nothing is as safe as investing in brick and mortar. Buying a house, in the last century, has become an almost compulsory step towards “financial adulthood”,...

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Job opening: Postdoctoral Research Fellow (m/f)

The Macrohistory Lab at Bonn University is looking for a Postdoctoral Research Fellow (payscale E13 TV-L, 100%) in economic history, empirical macroeconomics and related fields. Salary is dependent on experience and is in the range of EUR 43,000 to EUR 52,000 (gross) per annum according to dispositions for postdoctoral fellows....

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Job opening: Assistant Professor in Economic History (m/f)

The Department of Economics at the University of Bonn (Germany) is seeking to fill a position in Economic History with a focus on macroeconomics and financial history at the Assistant Professor (W1) level beginning fall 2018. The position is initially offered for a three year period and can be renewed for...

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Second European Macrohistory Workshop – March 26-28 2018

The workshop – which follows a first such event held in June 2016 at the Macrohistory Lab at the University of Bonn (Prof. Moritz Schularick) – aims to bring together economic historians and macroeconomists. Half of the sessions will be devoted to general topics at the intersection of macroeconomics and...

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FAZ: Sicher ist nicht gleich sicher

Frankfurter Allgemeine Zeitung, August 19, 2017, by Gerald Braunberger. “Es ist eine spektakuläre Datenanalyse über die Renditen der wichtigsten Kapitalanlagen seit dem 19. Jahrhundert: Ein Bonner Ökonom rüttelt die Finanzszene auf, indem er zeigt, dass vermeintlich sichere Anlagen durchaus nicht sicher sind.” “Die Ergebnisse sind spektakulär und verdeutlichen ein weiteres...

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Financial Times: Housing for the long run?

Financial Times, August 15, 2017, by Matthew C Klein. “Residential real estate, not equity, has been the best long-run investment over the course of modern history.” “Using a new set of data they constructed by hand from news articles, advertisements, statistical abstracts, and more, they estimated the investment performance of...

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