Moritz Schularick hoo-LAH-rick(born 1975) is a German

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

, who is Professor of Economics at

Sciences Po Paris Sciences Po () or Sciences Po Paris, also known as the Paris Institute of Political Studies (), is a public research university located in Paris, France, that holds the status of ''grande école'' and the legal status of . The university's unde ...

and the

University of Bonn The University of Bonn, officially the Rhenish Friedrich Wilhelm University of Bonn (), is a public research university in Bonn, North Rhine-Westphalia, Germany. It was founded in its present form as the () on 18 October 1818 by Frederick Willi ...

. He works in the fields of macrofinance,

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

and

financial stability Financial stability is the absence of system-wide episodes in which a financial crisis occurs and is characterised as an economy with Volatility (finance), low volatility. It also involves financial systems' stress-resilience being able to cope wi ...

, as well as

international finance International finance (also referred to as international monetary economics or international macroeconomics) is the branch of monetary economics, monetary and macroeconomics, macroeconomic interrelations between two or more countries. Internation ...

political economy Political or comparative economy is a branch of political science and economics studying economic systems (e.g. Marketplace, markets and national economies) and their governance by political systems (e.g. law, institutions, and government). Wi ...

, and

economic history Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the Applied economics ...

Career

Schularick studied at the

University of Paris-VII A university () is an institution of tertiary education and research which awards academic degrees in several academic disciplines. ''University'' is derived from the Latin phrase , which roughly means "community of teachers and scholars". Uni ...

from 1996 and received the Maîtrise there in 1998. He then transferred to the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

on a DAAD scholarship, where he received an M.Sc. in 1999. He completed a third degree (M.A.) at the

Humboldt University of Berlin The Humboldt University of Berlin (, abbreviated HU Berlin) is a public research university in the central borough of Mitte in Berlin, Germany. The university was established by Frederick William III on the initiative of Wilhelm von Humbol ...

in 2000. In 2005, he received his Ph.D. at

Free University of Berlin The Free University of Berlin (, often abbreviated as FU Berlin or simply FU) is a public university, public research university in Berlin, Germany. It was founded in West Berlin in 1948 with American support during the early Cold War period a ...

, where he also taught as an assistant professor from 2007 until he received an appointment at the

in 2012. Since then, he has been teaching and conducting research there as a W3 professor of macroeconomics. In 2008/09, Schularick went to

University of Cambridge The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

as a visiting professor, and in 2011/2012 to the

New York University Stern School of Business The Leonard N. Stern School of Business (also NYU Stern, Stern School of Business, or simply Stern) is the business school of New York University, a private research university based in New York City. Founded as the School of Commerce, Accounts ...

. In the 2015/16 academic year, he held the

Alfred Grosser Alfred Grosser (1 February 1925 – 7 February 2024) was a German-born French writer, sociologist and political scientist. Although his Jewish family had to move from Frankfurt to France in 1933, he focused on Franco-German cooperation after Wor ...

chair at the Institut d'études politiques (Sciences Po) in Paris. In 2018, Schularick was elected to the

Berlin-Brandenburg Academy of Sciences and Humanities The Berlin-Brandenburg Academy of Sciences and Humanities (), abbreviated BBAW, is the official academic society for the natural sciences and humanities for the German states of Berlin and Brandenburg. Housed in three locations in and around Ber ...

. Since 2021, in addition to his

professorship Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a 'person who professes'. Professors ...

at the

, he is also Professor of Economics at

Sciences Po Sciences Po () or Sciences Po Paris, also known as the Paris Institute of Political Studies (), is a public research university located in Paris, France, that holds the status of ''grande école'' and the legal status of . The university's unde ...

. He is one of the recipients of the 2022 Leibniz-Prize, Germany's most prestigious research prize awarded by the German Research Foundation (DFG). In 2023, he was appopinted President of the

Kiel Institute for the World Economy The Kiel Institute for the World Economy (, or IfW Kiel) is an independent, non-profit economic research institute and think tank based in Kiel, Germany. In 2017, it was ranked as one of the top 50 most influential think tanks in the world and w ...

Research

Schularick's research focuses on monetary macroeconomics, international economics and economic history. His work on

credit cycle The credit cycle is the expansion and contraction of access to credit over time. Some economists, including Barry Eichengreen, Hyman Minsky, and other Post-Keynesian economists, and members of the Austrian school, regard credit cycles as the fund ...

asset prices In finance, valuation is the process of determining the value of a (potential) investment, asset, or security. Generally, there are three approaches taken, namely discounted cashflow valuation, relative valuation, and contingent claim valuatio ...

, and

has formed the background for the so-called macroprudential policy aimed at curbing credit boom. His studies on the causes of

financial crises A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with Bank run#Systemic banki ...

and the transformation of the

financial system A financial system is a system that allows the exchange of funds between financial market participants such as lenders, investors, and borrowers. Financial systems operate at national and global levels. Financial institutions consist of comple ...

are among the most internationally cited

macroeconomic Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output/ GDP ...

papers of the last decade. In 2012, he received a Schumpeter Fellowship from the

Volkswagen Foundation The Volkswagen Foundation (German: ''VolkswagenStiftung'') is the largest German private nonprofit organization involved in the promotion and support of academic research. It is not affiliated to the present company, the Volkswagen Group. It wa ...

to study the financial side of globalization, what he calls financialization. Schularick's work on China-America economic relations, the causes of populism, and returns on various asset classes has also attracted considerable interest among experts and in the media. Named articles by Schularick have appeared in

The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

, the

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

, and the

Süddeutsche Zeitung The ''Süddeutsche Zeitung'' (; ), published in Munich, Bavaria, is one of the largest and most influential daily newspapers in Germany. The tone of ''SZ'' is mainly described as centre-left, liberal, social-liberal, progressive-liberal, and ...

, among others.

Awards

* 2018: Gossen Prize of the

Verein für Socialpolitik The (; literally: Association for Social Policy), or the German Economic Association, is a society of economists in the German language, German-speaking area. History The was founded in Eisenach in 1872 as a response to the "social question ...

* 2022: Leibniz Prize

Works

* Òscar Jordà, Martin Kornejew, Moritz Schularick, Alan Taylor: Zombies at Large: Corporate Debt Overhang and the Macroeconomy. In:

Review of Financial Studies ''The Review of Financial Studies'' is a peer-reviewed academic journal covering the field of finance. It is published by Oxford University Press on behalf of the Society for Financial Studies. It was established following discussions at the 1986 ...

, forthcoming. * Moritz Schularick: Der entzauberte Staat. Was Deutschland aus der Pandemie lernen muss. C. H. Beck, München 2021, . * Lucas ter Steege, Moritz Schularick, Felix Ward: Leaning Against the Wind and Crisis Risk. In: American Economic Review: Insights, 2021. * Òscar Jordà, Björn Richter, Moritz Schularick, Alan Taylor: Bank Capital Redux: Solvency, Liquidity, and Crisis. In:

Review of Economic Studies ''The Review of Economic Studies'' (also known as ''REStud'') is a quarterly peer-reviewed academic journal covering economics. The journal is widely considered one of the top 5 journals in economics. It is managed by the editorial board currently ...

, 2021, 88: 260–286. *

Moritz Kuhn Moritz Kuhn (born 1 August 1991) is a German footballer A football player or footballer is a sportsperson who plays one of the different types of football. The main types of football are association football, American football, Canadian foot ...

, Moritz Schularick, Ulrike Isabel Steins: Income and Wealth Inequality in America, 1949–2016. In:

Journal of Political Economy The ''Journal of Political Economy'' is a monthly peer-reviewed academic journal published by the University of Chicago Press. Established by James Laurence Laughlin in 1892, it covers both theoretical and empirical economics. In the past, the ...

, 2020, . * Alina Bartscher,

, Moritz Schularick: The College Wealth Divide: Education and Inequality in America, 1956–2016. In: Federal Reserve Bank of St. Louis Review 102(1), 2020, S. 19–49, . * Katharina Knoll, Moritz Schularick and Thomas Steger: No Price Like Home,

American Economic Review The ''American Economic Review'' is a monthly peer-reviewed academic journal first published by the American Economic Association in 1911. The current editor-in-chief is Erzo FP Luttmer, a professor of economics at Dartmouth College. The journal is ...

, 2017, 107: 331–353. * Manuel Funke, Moritz Schularick, Christoph Trebesch: Going to Extremes: Politics after Financial Crises,

European Economic Review The ''European Economic Review'' is a peer-reviewed academic journal that covers research in economics. The journal was established in 1969 and the editors-in-chief are Evi Pappa (Universidad Carlos III de Madrid), David K. Levine (Royal Holloway U ...

, 2016, 88: 227–260. * Òscar Jordà, Moritz Schularick, Alan Taylor: The Great Mortgaging: Housing Finance, Crises, and Business Cycles,

Economic Policy ''Economic Policy'' is a quarterly peer-reviewed academic journal published by Oxford University Press, Oxford Academic on behalf of the Centre for Economic Policy Research, the Center for Economic Studies (University of Munich), and the Paris Scho ...

, 2016, 85: 107–152 * Òscar Jordà, Moritz Schularick, Alan Taylor: Betting the House,

Journal of International Economics The ''Journal of International Economics'' is a peer-reviewed academic journal in the field of economics. The journal publishes articles on both theoretical and empirical aspects of international economics. Various topics covered include trade pa ...

, 2015, 96: 2–18. * Òscar Jordà, Moritz Schularick, Alan Taylor: Leveraged Bubbles,

Journal of Monetary Economics The ''Journal of Monetary Economics'' is a peer-reviewed academic journal covering research on macroeconomics and monetary economics. It is published by Elsevier and was established in October 1973 by Karl Brunner and Charles I. Plosser. Beginn ...

, 2015, 76: 1–20. * Moritz Schularick, Alan Taylor: Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises,

, 2012, 102: 1029–1061. *

Niall Ferguson Sir Niall Campbell Ferguson, ( ; born 18 April 1964)Biography
Niall Ferguson

, Moritz Schularick: The End of Chimerica,

International Finance International finance (also referred to as international monetary economics or international macroeconomics) is the branch of monetary economics, monetary and macroeconomics, macroeconomic interrelations between two or more countries. Internation ...

, 2011, 14: 1–26. *

Niall Ferguson Sir Niall Campbell Ferguson, ( ; born 18 April 1964)Biography
Niall Ferguson

, Moritz Schularick: Chimerica and global asset markets. (PDF) 2006, accessed July 11, 2014.

Press

* Svea Junge
Wirtschaftshistoriker mit Weitblick
In: FAZ. April 28, 2022. * Martin Greive
Corona-Nachlese: Wenn der Staat nur bedingt einsatzbereit ist
In:

Handelsblatt The ''Handelsblatt'' (literally "commerce paper" in English) is a German-language business newspaper published in Düsseldorf by Handelsblatt Media Group, formerly known as Verlagsgruppe Handelsblatt. History and profile ''Handelsblatt'' was es ...

. October 17, 2021. * Johannes Pennekamp
Willkommen im Dschungel
In: FAZ. July 18, 2021. * Michael S. Derby
NY Fed Paper: Easy Monetary Policy Does Little to Cut Racial Income Inequality
In:

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

. January 29, 2021. * Alexander Jung und Robin Wille
Wer mietet, verliert
In:

Spiegel Spiegel is German, Yiddish, and Dutch for "mirror". More specifically, it may refer to: Publications * ''Der Spiegel'', a weekly German magazine * ''Der Spiegel'' (website), the online sibling of ''Der Spiegel'' Political * Spiegel scandal, a 1 ...

. December 27, 2019. * Johannes Pennekamp
Am Häusermarkt braut sich etwas zusammen
In: FAZ. June 18, 2014.

References

External links

Personal Website of Moritz Schularick

CV of Moritz Schularick
{{DEFAULTSORT:Schularick, Moritz 1975 births Living people