Financial stability, Financial markets, Debt and inequality, monetary policy,

Moritz Schularick is Professor of Economics at the University of Bonn and Director of the MacroFinance Lab. He studied economics in Berlin, London and Paris and received his PhD in 2005 from Freie Universität Berlin. In 2018, he received the Gossen-Prize of the German Economic Association that is awarded every year to honor a German-speaking economist whose work has gained international renown. He also became a Fellow of the Institute for New Economic Thinking. Moritz is a Managing Editor of Europe’s most important policy journal “Economic Policy”, a joint initiative of SciencesPo, CEPR, and CESIfo.

Published papers

• What If? The Macroeconomic and Distributional Effects for Germany of a Stop of Energy Imports from Russia

  Bachmann, R., Baqaee, D., Bayer, C., Kuhn, M., Löschel, A., Moll, B., Peichl, A., Pittel, K., & Schularick, M. (2024). What if? The macroeconomic and distributional effects for Germany of a stop of energy imports from Russia. Economica.

• Changes in the Distribution of Black and White Wealth since the US Civil War

  Derenoncourt, E., Kim, C. H., Kuhn, M., & Schularick, M. (2023). Changes in the Distribution of Black and White Wealth Since the US Civil War. Journal of Economic Perspectives.

• Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

  Derenoncourt, E., Kim, C. H., Kuhn, M., & Schularick, M. (2022). Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020. The Quarterly Journal of Economics.

• Bank Capital Redux: Solvency, Liquidity and Crises

  Jordà, Ò., Richter, B., Schularick, M., & Taylor, A. M. (2020) Bank Capital Redux: Solvency, Liquidity, and Crisis. The Review of Economic Studies

Discussion papers

• German Real Estate Index (GREIX)

• Interest Rates and the Spatial Polarization of Housing Markets

• Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

• Wealth and its Distribution in Germany, 1895-2018

• The Anatomy of the Global Saving Glut

• Superstar Returns

• Monetary Policy and Racial Inequality

• Zombies at Large? Corporate Debt Overhang and the Macroeconomy

• Leaning Against the Wind and Crisis Risk

• Populist Leaders and the Economy

• Bank Capital and the European Recovery from the COVID-19 Crisis

• The Distribution of Household Debt in the United States, 1950-2019

Policy briefs

• Not Even a Recession: The Great German Gas Debate in Retrospect

• How it can be done

• Was wäre, wenn…? Die wirtschaftlichen Auswirkungen eines Importstopps russischer Energie auf Deutschland

• What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia

• Corporate indebtedness and macroeconomic stabilisation from a long-term perspective

• Die neue Wohnungsfrage: Gewinner und Verlierer des deutschen Immobilienbooms

• The Cost of Populism: Evidence from History

• Monetary Policy and Racial Inequality

• Stable Genius: Estimating the ‘Trump Effect’ on The US Economy

• A Protective Shield for Europe’s Banks

• The Distribution of Wealth in Germany 1895-2018