Five Ways to Look at Apple’s Surprise Bad News

The Atlantic, Jan 2, 2019 by, Alexis C. Madrigal In an ugly New Year’s surprise Wednesday afternoon, Apple announced unexpectedly that it was cutting its first-quarter revenue guidance from $91.5 billion to $84 billion. The move is highly unusual. Apple reportedly last revised a projection like this in 2002. […]...

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Are Millennials on Track to become the Richest Generation?

BBC, 6. December 2018, by Meredith Turits If boomers are the wealthiest generation ever, then millennials should be poised to become rich through inheritance. The principle is correct – but the reality is more complicated. […] With matters of money, millennials have an uphill climb. […] That is the story...

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The Financial Crisis Is Still Empowering Far-Right Populists

Foreign Affairs, September 13, 2018, by  Manuel Funke, Moritz Schularick, and Christoph Trebesch. Why the Effects Haven’t Faded? he 2008 financial crisis was devastating to the world economy. Just how devastating is something economists still argue over. It is not easy to add up the costs of bank bailouts, a lost decade of economic growth, spiking...

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Missionaries, human capital transmission, and economic persistence in South America

VOX – CEPR Policy Portal, 20 October 2018, by Felipe Valencia Caicedo. Though volumes have been written about Jesuit Missions in South America, very little is known about their long-term economic legacy. Using a novel dataset, this column argues that the 17th century Guarani Jesuit Missions had long-lasting positive effects on education and...

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“Die Ökonomen bellen seit 20 Jahren den falschen Baum an”

Süddeutsche Zeitung, 11. November 2018, by Alexander Hagelüken. Die Gefahr für die Globalisierung kommt von rechts, nicht von links, sagt Forscher Moritz Schularick. Er fordert Geld für Schulen und Straßen. Wer Moritz Schularick an seinem Bonner Lehrstuhl trifft, findet im Erdgeschoss zufällig Büros der Deutschen Bank. Bei dem Geldhaus fing der...

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The impacts of macroprudential policy

World Economic Forum in collaboration with VoxEU, 26 September 2018, by Björn Richter, Moritz Schularick, & Ilhyock Shim. How do macroprudential policies interact with the core objectives of monetary policy, namely, output and price stability? As a response to the Global Crisis, central banks and regulators across the world have increasingly relied on...

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Chimerika im Handelskrieg

Süddeutsche Zeitung, 30. September 2018, by Moritz Schularick. Trumps Politik zeigt die Verunsicherung eines Landes, das Zweifel am eigenen Erfolgsmodell hat. Als wir vor gut zehn Jahren den Begriff “Chimerika” prägten, lenkten Niall Ferguson und ich die Aufmerksamkeit auf die ökonomische Abhängigkeit, in der sich China und Amerika befanden. Die beiden geopolitischen...

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