Moritz Schularick

Moritz Schularick is President of the Kiel Institute for the World Economy and Professor of Economics at Sciences Po and Kiel University. He is also a Fellow of the DFG-Excellence Cluster ECONtribute and Director of the MacroFinance Lab. Previously, he was Professor of Economics at the University of Bonn.

Dr. Schularick studied economics in Berlin, London, and Paris, receiving his PhD in 2005 from Freie Universität Berlin. His educational background provided the foundation for his expertise in macrofinance, economic history, and political economy.

Schularick's research focuses on financial stability, banking, international economics, political economy, and economic history. His work is question-driven, addressing central societal issues such as the origins of financial stability, excessive risk-taking in financial markets, the link between rising debt and inequality, monetary policy effects on asset prices, and the past and future of globalization. His research with Òscar Jordà and Alan Taylor on credit cycles and financial stability has significantly influenced macro-prudential policies aimed at curbing credit booms.

• His influential paper 'Credit Booms Gone Bust' ranks among the most highly cited papers in macroeconomics in the past decade
• His work often bridges academic research with practical policy applications
• He emphasizes historical perspective in understanding contemporary economic challenges

Schularick's scholarly output demonstrates consistent focus on wealth distribution, financial market dynamics, and policy implications. His recent work has increasingly examined racial wealth gaps, energy policy impacts, and the political economy dimensions of economic phenomena. The chronological progression of his research shows growing attention to distributional consequences of economic policies and historical patterns of inequality.

Scientific Awards and Recognition:

• Recipient of the 2022 Leibniz-Prize, Germany's most important research prize awarded by the German Science Foundation (DFG)
• Recipient of the 2018 Gossen-Prize of the German Economic Association, awarded annually to a German economist whose work has gained international renown
• Elected Member of the Academy of Sciences of Berlin
• Fellow of the Institute for New Economic Thinking

Schularick serves as Managing Editor of 'Economic Policy,' Europe's most important policy journal, a joint initiative of SciencesPo, CEPR, and CESIfo. He has received significant research funding, including a grant from the European Research Council (ERC) for a research project on housing markets, monetary policy, and asset prices. His work regularly informs policy debates, and he contributes to media discussions on economic issues.

He leads the MacroFinance Lab and co-developed the Jordà-Schularick-Taylor Database, which has become an important resource for researchers studying financial stability and credit cycles. His research group focuses on long-term economic patterns, particularly the intersection of finance, inequality, and policy.