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...

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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...

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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...

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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...

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Die rechten Nutznießer

Süddeutsche Zeitung ,26.07.2018, by Andrea Rexer. “Vor zehn Jahren brach die Finanzkrise aus. Auch wenn sich die Wirtschaft wieder erholt hat, sind die Folgen bis heute zu spüren. Sieht man sich an, wer profitiert hat, tun sich überraschende Erkenntnisse auf”. Die Protestcamps haben sich längst aufgelöst, den Banken wurden strengere...

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China’s debt threat: time to rein in the lending boom

Financial Times,  25 July 2018, by Martin Wolf. “If something can’t go on forever, it will stop.” This statement by Herbert Stein, chairman of the US council of economic advisers under Richard Nixon and Gerald Ford, tells us that debt cannot grow faster than an economy forever. “[…]” That is going...

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Trumps Politik hat laut CEPR-Studie kaum Einfluss auf die US-Wirtschaft

Handelsblatt, 25.07.2018, by Andriane Palka. “Die USA habe die „beste Wirtschaft der Geschichte“, sagt der US-Präsident. Die Lage ist auch gut – doch einer Studie zufolge nicht wegen Trump”. Donald Trump betont gerne, dass die amerikanische Wirtschaft seit seinem Regierungsantritt im Januar 2017 brummt. „Wir haben vielleicht die beste Wirtschaft der...

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