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Hans-Joachim Voth is ICREA Research Professorship at the Economics Department, Universitat Pompeu Fabra in Barcelona. Principal areas of research include political and social instability, asset price volatility, the history of sovereign debt, and long-run growth. Professor Voth holds a doctorate from Nuffield College, Oxford, and was educated in Bonn, Freiburg, and Florence. He has held visiting appointments at the MIT, Princeton, NYU-Stern, and Stanford. From 1999 to 2001, he was Associate Director of the Centre for History and Economics, King’s College, Cambridge. He worked as a management consultant for McKinsey & Co from 1996-98.

Professor Voth has published a book with Oxford University Press, five popular books, and over 50 articles. These have appeared in the AER, the QJE, the EJ, the Journal of Economic History, the Journal of Economic Growth, the European Economic Review, and Explorations in Economic History. The Economist, the Financial Times, the BBC, the New York Times, Financial Times Deutschland, Handelsblatt, FAZ, Vanguardia and De Volkskraat have profiled my research.

In 2008, he was awarded an Advanced Investigator Grant by the European Research Council (ERC). He has received a Leverhulme Prize Fellowship, the EHA’s Alexander Gerschenkron Prize, the Gino Luzzatto Prize from the European Historical Economics Society, and a Ramon y Cajal research distinction from the Spanish Ministry of Education. I’m a Fellow of the Royal Historical Society (London) and a Research Fellow of the Center for Economic Policy Research (London). In 2011, I was invited to give the Tawney Lecture of the Economic History Society.

By this expert

Betting on Hitler – The Value of Political Connections in Nazi Germany

Paper Conference paper | | Oct 2017

This paper examines the value of connections between German industry and the Nazi movement in early 1933. Drawing on previously unused contemporary sources about management and supervisory board composition and stock returns, we find that one out of seven firms, and a large proportion of the biggest companies, had substantive links with the National Socialist German Workers’ Party. Firms supporting the Nazi movement experienced unusually high returns, outperforming unconnected ones by 5% to 8% between January and March 1933. These results are not driven by sectoral composition and are robust to alternative estimators and definitions of affiliation. 

The Austerity Trap: A Century of Unrest and Budget Cuts

Paper Conference paper | | Apr 2012

Budget cuts can be dangerous. Inspired by the wrenching experience in Greece, increasing attention is now being paid to the fact that austerity may fail to reduce the government deficit if the economy declines in response, as is likely in a liquidity trap (Delong and Summers 2012).

Featuring this expert


From the Origins of Economic Ideas to the Challenges of Our Time

Event Conference #INET2017 | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.

The Euro Crisis - The Spanish Perspective

Video | Aug 27, 2013

Institute for New Economic Thinking grantee Hans-Joachim Voth talks about the crisis in Europe.