Moritz Schularick


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

Modigliani Meets Minsky: Inequality and U.S. Household Debt Since 1950

Article | May 7, 2020

A look at the American household debt boom

Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016

Paper Working Paper Series | | May 2020

Increased borrowing by middle-class families with low income growth played a central role in rising indebtedness

Rates of Return on Everything: A New Database

Article | Jun 4, 2019

Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found

When the Middle Class Lost Its Wealth

Article | Nov 15, 2018

Until 2008, rising home values gave the middle class a cushion amid growing income inequality. But following the financial crisis, that wealth has failed to return.

Featuring this expert

Debt Talks Episode 4 | Do We Need a Debt Jubilee?

moderated by Moritz Schularick with Sebnem Kalemli-Ozcan, Astra Taylor and Richard Vague

Event Webinar | Hosted by Private Debt | Nov 17, 2020

What is the current situation in private indebtedness in the U.S.? Recent ideas suggest that excessive levels of debt are an obstacle to a quick recovery and sustained economic growth.

Debt Talks Episode 3 | How Bad Can It Still Get? Credit Risks, Debt Overhang, and the COVID-19 Recession

moderated by Moritz Schularick with Megan Greene, Anatole Koletsky and Yueran Ma

Event Webinar | Hosted by Private Debt | Oct 20, 2020

What is the current situation in credit markets? Will an overhang of debt on corporate balance sheets slow down the recovery from the COVID recession and be a drag on investment going forward? Does the COVID recession still have the potential to turn into a broader financial meltdown?

Debt Talks Episode 2 | Debt, Wealth, and Racial Inequalities

moderated by Moritz Schularick with Mehrsa Baradaran, Ashley C. Harrington, Darrick Hamilton and Louise Seamster

Event Webinar | Hosted by Private Debt | Sep 15, 2020

Racial inequalities of wealth and income are pervasive. This episode of Debt Talks will feature a conversation with four prominent experts on the persistence of racial inequalities of wealth and income and the role of financial markets in shaping them.

Debt Talks Episode 1| The Secular Rise of Debt

moderated by Moritz Schularick with Laura Carvalho, Matthew C. Klein, and Amir Sufi | 12:00pm ET / 9:00am PT

Event Webinar | Hosted by Private Debt | Jul 21, 2020

A webinar panel discussion moderated by INET Fellow Moritz Schularick, with Laura Carvalho, Associate Professor of Economics at the University of São Paulo, Matthew C. Klein, Economics Commentator at Barron’s, and Amir Sufi, Bruce Lindsay Professor of Economics and Public Policy at the University of Chicago Booth School of Business.