Moritz Schularick

Involvement

Moritz Schularick is a Fellow at the Institute for New Economic Thinking (INET) and professor of economics at the University of Bonn. He was previously a professor at the John F. Kennedy Institute of the Free University of Berlin, Germany, a visiting scholar at Cambridge University, and worked in the financial industry for several years. His current work focuses on credit cycles, the determinants of financial crises, and the international monetary system. Together with Niall Ferguson, he coined the term “Chimerica” to describe the intimate financial relations between the United States and China. Working at the crossroads of monetary and international economics as well as economic history, his contributions can be found in the American Economic Review, the Quarterly Journal of Economics, the Journal of Monetary Economics, the Journal of International Economics, the Journal of Economic History, and several other journals.

By this expert

The Rate of Return on Everything, 1870–2015

Paper Conference paper | | Dec 2017

This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century.

Inside the Great Leveraging

Paper Conference paper | | Oct 2017

This paper discusses what we have learned about the debt build-up in advanced societies over the past century. It shows that the extraordinary growth of aggregate debt in the past century was driven by the private sector.

When Credit Bites Back: Leverage, Business Cycles and Crises

Paper Working Paper Series | | Oct 2015

This paper studies the role of credit in the business cycle, with a focus on private credit overhang.

Sovereigns versus Banks: Credit, Crises and Consequences

Paper Working Paper Series | | Feb 2014

Two separate narratives have emerged in the wake of the Global Financial Crisis. One interpretation speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the risks of lax fiscal policies. However, the two may interact in important and understudied ways.

Featuring this expert

Europe’s Hamiltonian Moment...or the Beginning of the End?

11:30am EDT / 5:30pm CET

Event Webinar | May 20, 2020

A webinar panel discussion, moderated by Gillian Tett, US Managing Editor of the Financial Times, with Laurence Boone, OECD Chief Economist, Moritz Schularick, INET Research Fellow, and Adam Tooze, Director of the European Institute at Columbia University.

How the Stock Market Drives Wealth Inequality

Video | Jul 10, 2019

When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class

NextGen

Private Debt Initiative

Event Conference | Hosted by Private Debt | Jun 20–21, 2019

Shaped by the 2008 financial crisis, a new generation of economists is expanding the boundaries of economic thinking on credit cycles, private debt, and financial stability.

Reawakening

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

Event Plenary | Oct 21–23, 2017

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