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...
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...
The Washington Post, 23 July 2018, by Matt O’Brien. One thing we can say for sure is there was a 2016 vote that significantly altered its country’s economic fortunes. No, I’m not talking about President Trump’s shock election, but rather Britain’s equally surprising decision to leave the European Union. Although, as...
AEIdeas, 19 July 2018, by James Pethokoukis. So imagine an alternate reality where Hillary Clinton campaigned a bit more vigorously in supposedly safe Big Ten blue states and eked out a narrow Electoral College victory. So no President Donald Trump. And also no tax cuts, no deregulation, no trade war. How would...
VOX – CEPR Policy Portal, 18 July 2018, by Benjamin Born, Gernot Müller, Moritz Schularick, Petr Sedláček Growth and employment in the US have been robust over the past 18 months, and President Trump frequently takes personal credit for these trends. This column explores how the US economy would have evolved without...
VOX – CEPR Policy Portal, 25 June 2018, by Òscar Jordà, Moritz Schularick, Alan Taylor, Felix Ward Asset markets in advanced economies have become more integrated than ever before in the history of modern finance. This is especially true for global equities starting in the 1990s. This column argues that this increase...
VOX – CEPR Policy Portal, 02 January 2o18, by Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick, Alan Taylor The rate of return on capital plays a pivotal role in shaping current macroeconomic debates. This column presents findings from a new dataset covering returns of major asset classes in the advanced...
