Narrow search
Showing 1 - 5 of 5
Cover Image
Income and Wealth Inequality in America, 1949-2016
Kuhn, Moritz - 2018
Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … all American households have less wealth today in real terms than the median household had in 1970 …
Persistent link: https://www.econbiz.de/10012932905
Cover Image
The Costs of Economic Nationalism : Evidence from the Brexit Experiment
Born, Benjamin - 2018
Economic nationalism is on the rise. What are the costs of cutting back international economic integration and rising policy uncertainty? We use the unexpected outcome of the Brexit vote in June 2016 as a natural macroeconomic experiment to study the costs of economic disintegration and their...
Persistent link: https://www.econbiz.de/10012928271
Cover Image
The Great Mortgaging : Housing Finance, Crises, and Business Cycles
Jordà, Òscar - 2015
course of the 20th century, driven by a sharp rise of mortgage lending to households. Household debt to asset ratios have …
Persistent link: https://www.econbiz.de/10013032225
Cover Image
No Price Like Home : Global House Prices, 1870-2012
Knoll, Katharina; Schularick, Moritz; Steger, Thomas Michael - 2021
How have house prices evolved over the long-run? This paper presents annual house prices for 14 advanced economies since 1870. Based on extensive data collection, we show that real house prices stayed constant from the 19th to the mid-20th century, but rose strongly during the second half of the...
Persistent link: https://www.econbiz.de/10013315572
Cover Image
Betting the House
Jorda, Oscar - 2015
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10013030308