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Leveraged bubbles
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2015
others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit … slower recoveries. Credit-financed housing price bubbles have emerged as a particularly dangerous phenomenon. …
Persistent link: https://www.econbiz.de/10011309562
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Leveraged bubbles
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - In: Journal of monetary economics 76 (2015), pp. 1-20
Persistent link: https://www.econbiz.de/10011488077
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Monetary Policy and Racial Inequality
Bartscher, Alina K.; Kuhn, Moritz; Schularick, Moritz; … - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10013241709
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Monetary Policy and Racial Inequality
Bartscher, Alina K.; Wachtel, Paul; Kuhn, Moritz; … - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10013246912
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Monetary policy and racial inequality
Bartscher, Alina Kristin; Kuhn, Moritz; Schularick, Moritz - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012668359
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Monetary policy and racial inequality
Bartscher, Alina Kristin; Kuhn, Moritz; Schularick, Moritz - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012438366
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Monetary policy and racial inequality
Bartscher, Alina Kristin; Kuhn, Moritz; Schularick, Moritz - 2021 - Revised June 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012423843
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Monetary policy and racial inequality
Bartscher, Alina Kristin; Kuhn, Moritz; Schularick, Moritz - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012428946
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Unemployment risk, portfolio choice, and the racial wealth gap
Derenoncourt, Ellora; Kim, Chi Hyun; Kuhn, Moritz; … - 2023
Persistent link: https://www.econbiz.de/10014581073
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Wealth of Two Nations : The U.S. Racial Wealth Gap, 1860-2020
Derenoncourt, Ellora; Kim, Chi Hyun; Kuhn, Moritz; … - National Bureau of Economic Research - 2022
The racial wealth gap is the largest of the economic disparities between Black and white Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most persistent. In this paper, we construct the first continuous series on white-to-Black per capita wealth ratios...
Persistent link: https://www.econbiz.de/10013334320