Nice article in the Frankfurter Allgemeine on our new paper with Mark Aguiar and Ben Moll:

Join us today for the Macro Public Finance session at NBER Summer Institute! Here's the program: nber.org/conferences/si… You can follow on Youtube here: youtube.com/nbervideos Dirk Krueger Stefanie Stantcheva

«We adopt the modern finance view that asset prices change not only because of changing cash flows but also due to changes in discount rates, risk premia, or subjective beliefs.» ubscenter.uzh.ch/en/news_events… A new research paper on capital gains taxation by UBS Foundation Professor

A recent research paper on capital gains taxation by Florian Scheuer, Professor of Economics of Institutions, along with Mark Aguiar and Benjamin Moll, introduces fresh perspectives on taxing capital gains and wealth in today's volatile financial markets. 📉📈 👉 Read more

«Eine progressive, nationale Vermögenssteuer wäre eine Option, über die man nachdenken muss.» – UBS Foundation Professor Florian Scheuer via watson News watson.ch/schweiz/wirtsc…

We're very happy that Timo Boppart joins our department Economics at Zurich today as Professor of Macroeconomics and Political Economy. He's also one of our alumni---welcome back Timo!

A warm welcome also to Matias Bayas-Erazo who just graduated from Northwestern Economics and who starts today as a Post-Doc in my group Economics at Zurich funded by my Swiss National Science Foundation Consolidator Grant project "Taxing Capital Gains." matiasbayas-erazo.com

We are delighted to announce that Andreas I. Mueller joined Economics at Zurich as Professor of Macroeconomics and Labor Markets and will be an Affiliated Professor at the UBS Center for Economics in Society. ubscenter.uzh.ch/en/news_events… Mueller’s research includes studying the effects of

Jason Furman Florian Scheuer Great questions, partly answered in paper benjaminmoll.com/PFPF/ and linked 🧵 1. We'd need a richer model to discuss that properly 2. No need to limit borrowing, see section 6.4. As we say it's just like *any* leveraged investment, e.g. ... x.com/ben_moll/statu…

Taxing Unrealized Capital Gains and Interest Rate Policy marginalrevolution.com/marginalrevolu…

Exactly! Only the argument is much more general than just interest-rate changes because discount rates account for the majority of all asset-price changes. Note: "discount rates" simply means any sources of asset price changes other than current and expected future cash flows.

We're thrilled to have Ronak Jain join our department Economics at Zurich today! She just obtained her PhD from Harvard Department of Economics and is our new UNICEF Assistant Professor in Development Economics. Welcome Ronak!

The New York Times on our paper with Mark Aguiar ⁦Princeton Economics⁩ and ⁦Ben Moll⁩: nytimes.com/2024/09/06/opi…

“In an interview, Aguiar, Ben Moll and Florian Scheuer told me that they support getting rid of the step-up in basis, which they called a loophole.” – Peter Coy via The New York Times nytimes.com/2024/09/06/opi…

Fascinating evening at our ⁦Economics at Zurich⁩ annual research night with ⁦Prof. James Heckman⁩ presenting his latest research on social mobility!

Congratulations Christoph Trebesch!

Congratulations Simon Jäger!

Studying optimal redistributive taxation in an environment with asset price changes, from Mark A. Aguiar, Ben Moll, and Florian Scheuer nber.org/papers/w32951