Bull Market Hits a Milestone: 3,453 Days. Most Americans Aren’t at the Party.

The New York Times, August 22, 2018 by Matthew Phillips. The party has been going for more than a decade. But a lot of Americans haven’t been celebrating. “[…]” Stocks crossed a major threshold on Wednesday, when the 10-year-old bull market arguably became the longest on record. “[…]” It ranks among the great booms in...

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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...

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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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