Moritz Schularick

University of Bonn - Department of Economics

Bonn

Germany

Centre for Economic Policy Research (CEPR)

London

United Kingdom

  • University of Bonn - Department of Economics

SCHOLARLY PAPERS

78

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909

Scholarly Papers (78)

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1.

The Rate of Return on Everything, 1870–2015

Downloads 1,551 (20,954)
Citation 106

The Rate of Return on Everything, 1870–2015

NBER Working Paper No. w24112
Number of pages: 174 Posted: 19 Dec 2017 Last Revised: 21 May 2023
Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Free University of Berlin (FUB) - Division of Economics, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 812 (52,291)

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The Rate of Return on Everything, 1870-2015

CESifo Working Paper Series No. 6899
Number of pages: 124 Posted: 19 Apr 2018
Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Free University of Berlin (FUB) - Division of Economics, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 721 (61,397)
Citation 10

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return on capital, interest rates, yields, dividends, rents, capital gains, risk premiums, household wealth, housing markets

The Rate of Return on Everything, 1870-2015

CEPR Discussion Paper No. DP12509
Number of pages: 177 Posted: 19 Dec 2017 Last Revised: 20 May 2019
Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Free University of Berlin (FUB) - Division of Economics, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 18 (932,076)
Citation 38
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capital gains, dividends, household wealth, housing markets, interest rates, rents, return on capital, risk premiums, yields

2.

Wealth and its Distribution in Germany, 1895-2018

CESifo Working Paper No. 9739
Number of pages: 54 Posted: 10 May 2022
Thilo Albers, Charlotte Bartels and Moritz Schularick
Humboldt University of Berlin, German Institute for Economic Research (DIW Berlin) - German Socio Economic Panel and University of Bonn - Department of Economics
Downloads 1,420 (23,949)

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wealth inequality, portfolio heterogeneity, saving, wealth taxation

3.

Going to Extremes: Politics after Financial Crises, 1870-2014

CESifo Working Paper Series No. 5553
Number of pages: 62 Posted: 11 Nov 2015
Manuel Funke, Moritz Schularick and Christoph Trebesch
Free University of Berlin (FUB), University of Bonn - Department of Economics and Kiel Institute for the World Economy
Downloads 1,229 (29,637)
Citation 50

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financial crises, economic voting, polarization, policy uncertainty

4.

No Price Like Home: Global House Prices, 1870-2012

Downloads 910 (45,372)
Citation 91

No Price Like Home: Global House Prices, 1870-2012

CESifo Working Paper Series No. 5006
Number of pages: 146 Posted: 22 Oct 2014
Katharina Knoll, Moritz Schularick and Thomas Michael Steger
Free University of Berlin (FUB) - Division of Economics, University of Bonn - Department of Economics and University of Leipzig/Institute for Theoretical Economics/Macroeconomics
Downloads 900 (45,379)
Citation 52

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house prices, land prices, transportation costs, neoclassical theory

No Price Like Home: Global House Prices, 1870-2012

CEPR Discussion Paper No. DP10166
Number of pages: 158 Posted: 30 Sep 2014
Katharina Knoll, Moritz Schularick and Thomas Michael Steger
Free University of Berlin (FUB) - Division of Economics, University of Bonn - Department of Economics and University of Leipzig/Institute for Theoretical Economics/Macroeconomics
Downloads 10 (1,016,220)
Citation 25
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house prices, land prices, neoclassical theory, transportation costs

5.

The End of Chimerica

Harvard Business School BGIE Unit Working Paper No. 10-037
Number of pages: 31 Posted: 11 Nov 2009 Last Revised: 17 Nov 2009
Niall Ferguson and Moritz Schularick
Harvard University - Department of History and University of Bonn - Department of Economics
Downloads 905 (45,717)
Citation 14

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6.

Monetary Policy and Racial Inequality

Downloads 644 (71,941)
Citation 3

Monetary Policy and Racial Inequality

FRB of New York Staff Report No. 959, Rev. June 2021
Number of pages: 47 Posted: 01 Feb 2021 Last Revised: 30 Jun 2021
Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Paul Wachtel
University of Bonn, University of Bonn, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 563 (84,059)

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monetary policy, racial inequality, income distribution, wealth distribution, wealth effects

Monetary Policy and Racial Inequality

LawFin Working Paper No. 15, NYU Stern School of Business Forthcoming
Number of pages: 41 Posted: 03 Feb 2021
Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Paul Wachtel
University of Bonn, University of Bonn, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 55 (643,614)

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monetary policy, racial inequality, income distribution, wealth distribution, wealth effects

Monetary Policy and Racial Inequality

CESifo Working Paper No. 8877
Number of pages: 42 Posted: 16 Feb 2021
Alina K. Bartscher, Paul Wachtel, Moritz Kuhn and Moritz Schularick
University of Bonn, New York University - Stern School of Business, University of Bonn and University of Bonn - Department of Economics
Downloads 25 (863,123)

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Monetary Policy and Racial Inequality

CEPR Discussion Paper No. DP15734
Number of pages: 49 Posted: 11 Feb 2021 Last Revised: 14 Jul 2021
Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Paul Wachtel
University of Bonn, University of Bonn, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 1 (1,093,677)
Citation 4
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7.

Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization

WIF Institute of Economic Research Working Paper No. 06/46, CESifo Working Paper Series No. 1691
Number of pages: 26 Posted: 24 Feb 2006
Moritz Schularick and Thomas Michael Steger
University of Bonn - Department of Economics and University of Leipzig/Institute for Theoretical Economics/Macroeconomics
Downloads 602 (78,165)
Citation 17

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International financial integration, Economic growth, First era of globalization

8.

The College Wealth Divide: Education and Inequality in America, 1956-2016

Downloads 599 (79,019)

The College Wealth Divide: Education and Inequality in America, 1956-2016

Number of pages: 101 Posted: 29 Apr 2020
Alina K. Bartscher, Moritz Kuhn and Moritz Schularick
University of Bonn, University of Bonn and University of Bonn - Department of Economics
Downloads 401 (127,327)

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The College Wealth Divide: Education and Inequality in America, 1956-2016

CESifo Working Paper No. 7726
Number of pages: 34 Posted: 23 Jul 2019
Alina K. Bartscher, Moritz Kuhn and Moritz Schularick
University of Bonn, University of Bonn and University of Bonn - Department of Economics
Downloads 196 (264,230)

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wealth, inequality, education, college wealth premium

The College Wealth Divide: Education and Inequality in America, 1956-2016

CEPR Discussion Paper No. DP13864
Number of pages: 35 Posted: 02 Aug 2019
Alina K. Bartscher, Moritz Kuhn and Moritz Schularick
University of Bonn, University of Bonn and University of Bonn - Department of Economics
Downloads 2 (1,084,893)
Citation 1
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college wealth premium, education, inequality, Wealth

9.

Immunity

Downloads 519 (94,110)
Citation 1

Immunity

NYU Working Paper No. 2451/31757
Number of pages: 35 Posted: 04 Oct 2012
Karthik Reddy, Moritz Schularick and Vasiliki Skreta
affiliation not provided to SSRN, University of Bonn - Department of Economics and University of Texas at Austin - Department of Economics
Downloads 397 (128,054)

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accountability, corruption, immunity, interest groups

Immunity

CESifo Working Paper Series No. 4445
Number of pages: 36 Posted: 02 Nov 2013
Karthik Reddy, Moritz Schularick and Vasiliki Skreta
affiliation not provided to SSRN, University of Bonn - Department of Economics and University of Texas at Austin - Department of Economics
Downloads 122 (392,733)

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accountability, corruption, immunity, interest groups

10.

The Costs of Economic Nationalism: Evidence from the Brexit Experiment

Downloads 513 (95,423)
Citation 42

The Costs of Economic Nationalism: Evidence from the Brexit Experiment

CESifo Working Paper Series No. 6780
Number of pages: 36 Posted: 06 Feb 2018
Benjamin Born, Gernot J. Müller, Moritz Schularick and Petr Sedlacek
Frankfurt School of Finance & Management, University of Tuebingen - Department of Economics, University of Bonn - Department of Economics and University of Oxford
Downloads 512 (94,641)
Citation 1

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economic nationalism, Brexit, natural experiment, synthetic control method, anticipation effects, economic policy uncertainty, expectations-augmented vector autoregression

The Costs of Economic Nationalism: Evidence from the Brexit Experiment

CEPR Discussion Paper No. DP12454
Number of pages: 37 Posted: 01 Dec 2017 Last Revised: 02 Jul 2018
Benjamin Born, Gernot J. Müller, Moritz Schularick and Petr Sedlacek
Frankfurt School of Finance & Management, University of Tuebingen - Department of Economics, University of Bonn - Department of Economics and University of Oxford
Downloads 1 (1,093,677)
Citation 23
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Brexit, European Union, policy uncertainty, synthetic control method

11.

The Lucas Paradox and the Quality of Institutions: Then and Now

Number of pages: 16 Posted: 11 Aug 2010
Moritz Schularick and Thomas Michael Steger
University of Bonn - Department of Economics and University of Leipzig/Institute for Theoretical Economics/Macroeconomics
Downloads 425 (119,417)
Citation 1

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capital market integration, financial globalization, economic history

12.

Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008

NBER Working Paper No. w15512
Number of pages: 38 Posted: 17 Nov 2009 Last Revised: 22 May 2022
Moritz Schularick and Alan M. Taylor
University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 423 (120,096)
Citation 152

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13.

Central Bank Balance Sheets: Expansion and Reduction Since 1900

Downloads 417 (122,084)
Citation 4

Central Bank Balance Sheets: Expansion and Reduction Since 1900

CESifo Working Paper Series No. 5379
Number of pages: 50 Posted: 09 Jun 2015
Niall Ferguson, Andreas Schaab and Moritz Schularick
Harvard University - Department of History, Columbia Business School and University of Bonn - Department of Economics
Downloads 413 (122,280)

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central banks, monetary policy, financial history

Central Bank Balance Sheets: Expansion and Reduction Since 1900

CEPR Discussion Paper No. DP10635
Number of pages: 51 Posted: 01 Jun 2015
Niall Ferguson, Andreas Schaab and Moritz Schularick
Harvard University - Department of History, Columbia Business School and University of Bonn - Department of Economics
Downloads 4 (1,069,573)
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balance sheets, central banks, financial sector, monetary policy, public debt

14.

Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges

Downloads 404 (126,610)
Citation 1

Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges

FRB of New York Staff Report No. 1003
Number of pages: 33 Posted: 16 Feb 2022
Nina Boyarchenko, Giovanni Favara and Moritz Schularick
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and University of Bonn - Department of Economics
Downloads 341 (151,673)

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monetary policy, financial stability, financial crises, credit, leverage, liquidity, asset prices

Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges

FEDS Working Paper No. 2022-6
Number of pages: 33 Posted: 17 Feb 2022
Nina Boyarchenko, Giovanni Favara and Moritz Schularick
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and University of Bonn - Department of Economics
Downloads 63 (600,653)

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Monetary Policy, Financial Stability, Financial Crises, Credit, Leverage, Liquidity, Asset Prices

15.

Superstar Returns

FRB of New York Staff Report No. 999
Number of pages: 87 Posted: 27 Dec 2021
Francisco Amaral, Martin Dohmen, Sebastian Kohl and Moritz Schularick
University of Bonn, University of Bonn, JFK Institute, Sociology and University of Bonn - Department of Economics
Downloads 381 (135,341)
Citation 1

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housing returns, housing risk, superstar cities, regional housing markets

16.

Survival of the Biggest: Large Banks and Financial Crises

Number of pages: 75 Posted: 19 Aug 2022 Last Revised: 21 Jun 2023
Matthew Baron, Moritz Schularick and Kaspar Zimmermann
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Bonn - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 364 (142,323)

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financial history, banking crises, financial regulation

17.

Income and Wealth Inequality in America, 1949-2016

Downloads 348 (149,456)
Citation 75

Income and Wealth Inequality in America, 1949-2016

CESifo Working Paper Series No. 6608
Number of pages: 68 Posted: 08 Sep 2017
Moritz Kuhn, Moritz Schularick and Ulrike Steins
University of Bonn, University of Bonn - Department of Economics and University of Bonn
Downloads 347 (148,863)
Citation 65

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Income and Wealth Inequality, Household Portfolios, Historical Micro Data

Income and Wealth Inequality in America, 1949-2016

CEPR Discussion Paper No. DP12218
Number of pages: 78 Posted: 15 Aug 2017 Last Revised: 23 Apr 2019
Moritz Kuhn, Moritz Schularick and Ulrike Steins
University of Bonn, University of Bonn - Department of Economics and University of Bonn
Downloads 1 (1,093,677)
Citation 23
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historical micro data, Household portfolios, Income and wealth inequality

18.

The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880-1913

NYU Working Paper No. 2451/26117
Number of pages: 59 Posted: 13 Oct 2008
Niall Ferguson and Moritz Schularick
Harvard University - Department of History and University of Bonn - Department of Economics
Downloads 329 (158,755)
Citation 13

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19.

The Macroeconomic Effects of Macroprudential Policy

Downloads 112 (187,927)
Citation 11

The Macroeconomic Effects of Macroprudential Policy

BIS Working Paper No. 740
Number of pages: 50 Posted: 13 Sep 2018
Björn Richter, Moritz Schularick and Ilhyock Shim
Universitat Pompeu Fabra, University of Bonn - Department of Economics and Bank for International Settlements (BIS)
Downloads 112 (418,582)
Citation 4

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macroprudential policy, loan-to-value ratios, local projections, narrative approach

20.

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

Downloads 251 (209,676)
Citation 2

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

Institute for New Economic Thinking Working Paper Series No. 124
https://doi.org/10.36687/inetwp124
Number of pages: 77 Posted: 15 May 2020 Last Revised: 14 Aug 2020
Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Ulrike Steins
University of Bonn, University of Bonn, University of Bonn - Department of Economics and University of Bonn
Downloads 184 (279,685)

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household debt, inequality, household portfolios, financial fragility

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

FRB of New York Staff Report No. 924
Number of pages: 77 Posted: 18 May 2020
Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Ulrike Steins
University of Bonn, University of Bonn, University of Bonn - Department of Economics and University of Bonn
Downloads 66 (586,165)
Citation 8

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household debt, inequality, household portfolios, financial fragility

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

CEPR Discussion Paper No. DP14667
Number of pages: 80 Posted: 08 May 2020
Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Ulrike Steins
University of Bonn, University of Bonn, University of Bonn - Department of Economics and University of Bonn
Downloads 1 (1,093,677)
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financial fragility, Household Debt, Household portfolios, inequality

21.

Leaning Against the Wind and Crisis Risk

Downloads 201 (258,764)
Citation 12

Leaning Against the Wind and Crisis Risk

CESifo Working Paper No. 8484
Number of pages: 41 Posted: 18 Aug 2020
Moritz Schularick, Lucas ter Steege and Felix Ward
University of Bonn - Department of Economics, affiliation not provided to SSRN and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 201 (258,234)
Citation 12

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financial crises, instrumental variable, open economy trilemma, local projections

Leaning Against the Wind and Crisis Risk

CEPR Discussion Paper No. DP14797
Number of pages: 55 Posted: 28 May 2020 Last Revised: 02 Nov 2020
Moritz Schularick, Lucas Ter Steege and Felix Ward
University of Bonn - Department of Economics, affiliation not provided to SSRN and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
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Financial Stability, local projections, monetary policy

22.

The Anatomy of the Global Saving Glut

Downloads 185 (278,621)

The Anatomy of the Global Saving Glut

CESifo Working Paper No. 9732
Number of pages: 76 Posted: 10 May 2022
Luis Bauluz, Filip Novokmet and Moritz Schularick
CUNEF Universidad, University of Bonn and University of Bonn - Department of Economics
Downloads 142 (349,036)

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income and wealth inequality, household portfolios, historical micro data

The Anatomy of the Global Saving Glut

Number of pages: 74 Posted: 20 Apr 2022
Luis Bauluz, Filip Novokmet and Moritz Schularick
CUNEF Universidad, University of Bonn and University of Bonn - Department of Economics
Downloads 43 (718,542)

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Income and wealth inequality, household portfolios, historical micro data

The Anatomy of the Global Saving Glut

CEPR Discussion Paper No. DP17215
Number of pages: 77 Posted: 27 May 2022
Luis Bauluz, Filip Novokmet and Moritz Schularick
CUNEF Universidad, University of Bonn and University of Bonn - Department of Economics
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historical micro data, Household portfolios, Income and wealth inequality, Saving

23.

Leveraged Bubbles

CESifo Working Paper Series No. 5489
Number of pages: 36 Posted: 22 Sep 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 164 (309,327)
Citation 7

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boom, bust, bank lending, debt overhang, crises, local projections

24.

Russia 2010: It's a Russian Bear, Not a Bull!

Deutsche Bank Research Paper
Number of pages: 35 Posted: 05 Jul 2007
Roland Beck and Moritz Schularick
European Central Bank (ECB) and University of Bonn - Department of Economics
Downloads 145 (342,582)

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Russia, economic growth

25.

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

NBER Working Paper No. w20501
Number of pages: 48 Posted: 22 Sep 2014 Last Revised: 09 Jul 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 139 (354,198)
Citation 38

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26.

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

CESifo Working Paper Series No. 4993
Number of pages: 48 Posted: 09 Oct 2014
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 133 (366,463)
Citation 23

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leverage, recessions, mortgage lending, financial crises, business cycles, local projections

27.

Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons

NBER Working Paper No. w16567
Number of pages: 43 Posted: 06 Dec 2010 Last Revised: 09 Apr 2023
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 128 (377,227)
Citation 45

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28.

Sovereigns Versus Banks: Credit, Crises, and Consequences

Downloads 127 (379,446)
Citation 43

Sovereigns Versus Banks: Credit, Crises, and Consequences

CESifo Working Paper Series No. 4431
Number of pages: 44 Posted: 25 Oct 2013 Last Revised: 18 Nov 2021
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 127 (380,756)

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leverage, booms, recessions, financial crises, business cycles, local projections

Sovereigns Versus Banks: Credit, Crises, and Consequences

CEPR Discussion Paper No. DP9678
Number of pages: 35 Posted: 07 Oct 2013
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 16
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booms, business cycles, financial crises, leverage, local projections, recessions

29.

The Macroeconomic Effects of Large Exchange Rate Appreciations

ZEW - Centre for European Economic Research Discussion Paper No. 11-016
Number of pages: 56 Posted: 13 Mar 2011
Marcus Kappler, Helmut Reisen, Moritz Schularick and Edouard Turkisch
Center for European Economic Research (ZEW), Organization for Economic Co-Operation and Development (OECD) - Development Centre (DEV), University of Bonn - Department of Economics and Université Paris
Downloads 125 (384,095)
Citation 8

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current account adjustment, global imbalances, exchange rate changes

30.

Sovereigns Versus Banks: Credit, Crises and Consequences

Institute for New Economic Thinking Working Paper Series No. 3
Number of pages: 43 Posted: 27 Mar 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 114 (411,029)

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31.

Household Credit in Asia-Pacific

BIS Paper No. 91e
Number of pages: 16 Posted: 29 Apr 2017
Moritz Schularick and Ilhyock Shim
University of Bonn - Department of Economics and Bank for International Settlements (BIS)
Downloads 112 (416,388)
Citation 1

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Credit growth, financial stability, monetary policy, macroprudential policy

32.

Betting the House

Downloads 54 (421,822)
Citation 32

Betting the House

NBER Working Paper No. w20771
Number of pages: 43 Posted: 22 Dec 2014 Last Revised: 03 Apr 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 54 (649,382)
Citation 1

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33.

When Credit Bites Back: Leverage, Business Cycles and Crises

Institute for New Economic Thinking Working Paper Series No. 20
Number of pages: 42 Posted: 29 Oct 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 109 (424,609)
Citation 12

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34.

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

Institute for New Economic Thinking Working Paper Series No. 168
Number of pages: 55 Posted: 08 Dec 2021
Oscar Jorda, Martin Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 101 (448,323)

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corporate debt, business cycles, local projections

35.

Betting the House

CESifo Working Paper Series No. 5147
Number of pages: 43 Posted: 16 Jan 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 100 (451,376)
Citation 21

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house prices, monetary policy, financial crises

36.

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

Downloads 95 (466,800)
Citation 17

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

FRB of New York Staff Report No. 951
Number of pages: 46 Posted: 08 Dec 2020
Òscar Jordà, Martin Gunter Michail Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, World Bank, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 95 (470,485)

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corporate debt, business cycles, local projections

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

CEPR Discussion Paper No. DP15518
Number of pages: 49 Posted: 23 Dec 2020
Òscar Jordà, Martin Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 19
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37.

Bank Capital Redux: Solvency, Liquidity, and Crisis

NBER Working Paper No. w23287
Number of pages: 75 Posted: 27 Mar 2017 Last Revised: 17 Feb 2023
Òscar Jordà, Björn Richter, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 94 (470,004)
Citation 1

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38.

Leveraged Bubbles

NBER Working Paper No. w21486
Number of pages: 36 Posted: 25 Aug 2015 Last Revised: 18 Mar 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 94 (470,004)
Citation 3

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39.

The Total Risk Premium Puzzle

NBER Working Paper No. w25653
Number of pages: 56 Posted: 19 Mar 2019 Last Revised: 04 Feb 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 91 (479,875)

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40.

When Credit Bites Back: Leverage, Business Cycles, and Crises

NBER Working Paper No. w17621
Number of pages: 42 Posted: 24 Nov 2011 Last Revised: 24 Feb 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 72 (551,239)
Citation 26

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41.

The Making of America's Imbalances

NYU Working Paper No. 2451/31583
Number of pages: 32 Posted: 11 Jul 2012
Moritz Schularick and Paul Wachtel
University of Bonn - Department of Economics and New York University - Stern School of Business
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savings rate, flow of funds, wealth effects, financial instability, global imbalances, current account deficit

42.

Global Financial Cycles and Risk Premiums

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Citation 37

Global Financial Cycles and Risk Premiums

NBER Working Paper No. w24677
Number of pages: 58 Posted: 13 Jun 2018 Last Revised: 05 Jun 2023
Òscar Jordà, Moritz Schularick, Alan M. Taylor and Felix Ward
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics, University of California, Davis - Department of Economics and Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics
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Citation 27

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Global Financial Cycles and Risk Premiums

CEPR Discussion Paper No. DP12969
Number of pages: 60 Posted: 05 Jun 2018
Òscar Jordà, Moritz Schularick, Alan M. Taylor and Felix Ward
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics, University of California, Davis - Department of Economics and Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics
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Citation 10
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asset prices, equity return premium, financial centers, financial cycles, policy spillovers

43.

Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

CESifo Working Paper No. 9774
Number of pages: 105 Posted: 08 Jun 2022
Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn and Moritz Schularick
Princeton University, University of Bonn, University of Bonn and University of Bonn - Department of Economics
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44.

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

CESifo Working Paper No. 8273
Number of pages: 78 Posted: 14 May 2020
Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Ulrike Steins
affiliation not provided to SSRN, University of Bonn, University of Bonn - Department of Economics and University of Bonn
Downloads 63 (591,141)

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household debt, inequality, household portfolios, financial fragility

45.

Macrofinancial History and the New Business Cycle Facts

NBER Working Paper No. w22743
Number of pages: 57 Posted: 17 Oct 2016 Last Revised: 22 Feb 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 63 (591,141)
Citation 55

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46.

Guide to Immunity Coding

NYU Working Paper No. 2451/31758
Number of pages: 10 Posted: 12 Apr 2013
Karthik Reddy, Moritz Schularick and Vasiliki Skreta
affiliation not provided to SSRN, University of Bonn - Department of Economics and University of Texas at Austin - Department of Economics
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accountability, corruption, immunity, interest groups

47.

Documentation of Immunity Coding: Criminal Immunity Provisions in 73 Democratic Countries

NYU Working Paper
Number of pages: 23 Posted: 12 Apr 2013
Karthik Reddy, Moritz Schularick and Vasiliki Skreta
affiliation not provided to SSRN, University of Bonn - Department of Economics and University of Texas at Austin - Department of Economics
Downloads 61 (600,834)

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accountability, corruption, immunity, interest groups

48.

The "Thin Film of Gold": Monetary Rules and Policy Credibility in Developing Countries

NBER Working Paper No. w13918
Number of pages: 40 Posted: 08 Apr 2008 Last Revised: 14 Jul 2022
Niall Ferguson and Moritz Schularick
Harvard University - Department of History and University of Bonn - Department of Economics
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49.

Documentation of Immunity Coding: Criminal Immunity Provisions in 73 Democratic Countries

NYU Working Paper
Number of pages: 23 Posted: 24 Apr 2013
Karthik Reddy, Moritz Schularick and Vasiliki Skreta
affiliation not provided to SSRN, University of Bonn - Department of Economics and University of Texas at Austin - Department of Economics
Downloads 56 (626,300)

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accountability, corruption, immunity, interest groups

50.

Disasters Everywhere: The Costs of Business Cycles Reconsidered

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Citation 4

Disasters Everywhere: The Costs of Business Cycles Reconsidered

FRB of New York Staff Report No. 925
Number of pages: 31 Posted: 18 May 2020
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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fluctuations, asymmetry, local projections, random coefficients, macroprudential policy

Disasters Everywhere: The Costs of Business Cycles Reconsidered

NBER Working Paper No. w26962
Number of pages: 36 Posted: 13 Apr 2020 Last Revised: 04 Mar 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Disasters Everywhere: The Costs of Business Cycles Reconsidered

CEPR Discussion Paper No. DP14559
Number of pages: 39 Posted: 08 May 2020 Last Revised: 16 Aug 2020
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 5
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Asymmetry, Fluctuations, local projections, macroprudential policy, Random coefficients

51.

Sovereigns Versus Banks: Credit, Crises, and Consequences

NBER Working Paper No. w19506
Number of pages: 43 Posted: 05 Oct 2013 Last Revised: 20 Apr 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 46 (682,849)
Citation 14

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52.

Documentation of Immunity Coding

NYU Working Paper No. 2451/31759
Number of pages: 23 Posted: 26 Jun 2013
Moritz Schularick and Vasiliki Skreta
University of Bonn - Department of Economics and University of Texas at Austin - Department of Economics
Downloads 45 (689,117)

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accountability, corruption, immunity, interest groups

53.

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

NBER Working Paper No. w28197
Number of pages: 46 Posted: 19 Jan 2021 Last Revised: 19 Jul 2023
Òscar Jordà, Martin Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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54.

The Costs of Macroprudential Policy

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Citation 34

The Costs of Macroprudential Policy

NBER Working Paper No. w24989
Number of pages: 47 Posted: 17 Sep 2018 Last Revised: 13 Apr 2023
Björn Richter, Moritz Schularick and Ilhyock Shim
Universitat Pompeu Fabra, University of Bonn - Department of Economics and Bank for International Settlements (BIS)
Downloads 32 (802,038)
Citation 14

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The Costs of Macroprudential Policy

CEPR Discussion Paper No. DP13124
Number of pages: 50 Posted: 21 Aug 2018
Björn Richter, Moritz Schularick and Ilhyock Shim
Universitat Pompeu Fabra, University of Bonn - Department of Economics and Bank for International Settlements (BIS)
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loan-to-value ratios, local projections, macroprudential policy, narrative approach

55.

The Effects of Quasi-Random Monetary Experiments

NBER Working Paper No. w23074
Number of pages: 44 Posted: 23 Jan 2017 Last Revised: 20 Jul 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 31 (787,733)

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56.

The College Wealth Divide Continues to Grow

Number of pages: 3 Posted: 29 Apr 2020
Alina K. Bartscher, Moritz Kuhn and Moritz Schularick
University of Bonn, University of Bonn and University of Bonn - Department of Economics
Downloads 20 (882,564)

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57.

Going to Extremes: Politics after Financial Crises, 1870-2014

CEPR Discussion Paper No. DP10884
Number of pages: 63 Posted: 20 Oct 2015
Manuel Funke, Moritz Schularick and Christoph Trebesch
Free University of Berlin (FUB), University of Bonn - Department of Economics and Kiel Institute for the World Economy
Downloads 19 (892,167)
Citation 29
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economic voting, financial crises, polarization, policy uncertainty

58.

Loose Monetary Policy and Financial Instability

NBER Working Paper No. w30958
Number of pages: 54 Posted: 13 Feb 2023 Last Revised: 12 Apr 2023
Maximilian Grimm, Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of Bonn, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 17 (911,648)
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59.

Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

NBER Working Paper No. w30101
Number of pages: 41 Posted: 06 Jun 2022 Last Revised: 14 Apr 2023
Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn and Moritz Schularick
Princeton University, University of Bonn, University of Bonn and University of Bonn - Department of Economics
Downloads 14 (941,402)
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60.

Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008

CEPR Discussion Paper No. DP7570
Number of pages: 40 Posted: 11 Jan 2010
Moritz Schularick and Alan M. Taylor
University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 109
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banking, central banking, financial stability, liquidity, monetary policy

61.

Populist Leaders and the Economy

CEPR Discussion Paper No. DP15405
Number of pages: 203 Posted: 03 Nov 2020 Last Revised: 23 Jun 2022
Manuel Funke, Moritz Schularick and Christoph Trebesch
Free University of Berlin (FUB), University of Bonn - Department of Economics and Kiel Institute for the World Economy
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Citation 12
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institutions, populism, protectionism

62.

Bank Capital and the European Recovery from the COVID-19 Crisis

CEPR Discussion Paper No. DP14927
Number of pages: 24 Posted: 29 Jun 2020
Moritz Schularick, Sascha Steffen and Tobias H. Troeger
University of Bonn - Department of Economics, Frankfurt School of Finance & Management and Leibniz Institute for Financial Research SAFE
Downloads 6 (1,014,295)
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bank capital, COVID-19, financial stablity

63.

The Macroeconomic Impact of Trump

CEPR Discussion Paper No. DP13798
Number of pages: 25 Posted: 29 Jul 2019 Last Revised: 15 Mar 2021
Benjamin Born, Gernot J. Müller, Moritz Schularick and Petr Sedlacek
Frankfurt School of Finance & Management, University of Tuebingen - Department of Economics, University of Bonn - Department of Economics and University of Oxford
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Citation 5
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64.

The Total Risk Premium Puzzle

CEPR Discussion Paper No. DP13595
Number of pages: 59 Posted: 27 Mar 2019
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 2
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Consumption-based asset pricing, Equity premium, housing premium, risk aversion

65.

Leveraged Bubbles

CEPR Discussion Paper No. DP10781
Number of pages: 37 Posted: 27 Aug 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 19
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bank lending, boom, bust, crises, debt overhang, local projections

66.

When Credit Bites Back: Leverage, Business Cycles, and Crises

CEPR Discussion Paper No. DP8678
Number of pages: 39 Posted: 22 Dec 2011
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 106
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business cycles, financial crises, leverage, local projections

67.

Wealth and its Distribution in Germany, 1895-2018

CEPR Discussion Paper No. DP17269
Number of pages: 55 Posted: 27 May 2022
Thilo Albers, Charlotte Bartels and Moritz Schularick
Humboldt University of Berlin, German Institute for Economic Research (DIW Berlin) - German Socio Economic Panel and University of Bonn - Department of Economics
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Citation 2
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portfolio heterogeneity, Saving, Wealth Inequality, Wealth Taxation

68.

When to Lean Against the Wind

CEPR Discussion Paper No. DP12188
Number of pages: 37 Posted: 04 Aug 2017 Last Revised: 02 Jul 2018
Björn Richter, Moritz Schularick and Paul Wachtel
Universitat Pompeu Fabra, University of Bonn - Department of Economics and New York University - Stern School of Business
Downloads 3 (1,035,134)
Citation 4
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Banking Crisis, Credit Booms, crisis prediction, macroprudential policy

69.

Bank Capital Redux: Solvency, Liquidity, and Crisis

CEPR Discussion Paper No. DP11934
Number of pages: 78 Posted: 27 Mar 2017 Last Revised: 16 Aug 2020
Oscar Jorda, Björn Richter, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 26
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bank liabilities, capital ratio, crisis prediction, financial crises, local projections, macroprudential regulation, Risk Taking

70.

Superstar Returns

CEPR Discussion Paper No. DP16806
Number of pages: 89 Posted: 04 Feb 2022
Francisco Amaral, Martin Dohmen, Sebastian Kohl and Moritz Schularick
University of Bonn, University of Bonn, Max Planck Society for the Advancement of the Sciences - Max Planck Institute for the Study of Societies and University of Bonn - Department of Economics
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Asset Returns, housing risk, regional housing markets, superstar cities

71.

Betting the House

CEPR Discussion Paper No. DP10305
Number of pages: 44 Posted: 23 Jan 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 33
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credit, financial crises, house prices, instrumental variables, leverage, local projections, monetary policy

72.

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

CEPR Discussion Paper No. DP10161
Number of pages: 50 Posted: 25 Sep 2014
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 34
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business cycles, financial crises, leverage, local projections, mortgage lending, recessions

73.

Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

CEPR Discussion Paper No. DP17328
Number of pages: 107 Posted: 27 May 2022 Last Revised: 23 Jun 2022
Ellora Derenoncourt, Chi Hyun Kim, Moritz Kuhn and Moritz Schularick
Princeton University, University of Bonn, University of Bonn and University of Bonn - Department of Economics
Downloads 0 (1,058,163)
Citation 3
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74.

No Price Like Home: Global House Prices, 1870-2012

Globalization and Monetary Policy Institute Working Paper No. 208
Posted: 21 Sep 2021
Moritz Schularick
University of Bonn - Department of Economics

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75.

Exportweltmeister: The Low Returns on Germany's Capital Exports

CEPR Discussion Paper No. DP13863
Number of pages: 77 Posted: 02 Aug 2019
Franziska Huennekes, Moritz Schularick and Christoph Trebesch
Ludwig Maximilian University of Munich (LMU), University of Bonn - Department of Economics and Kiel Institute for the World Economy
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Foreign Assets, Foreign returns, International Capital Flows

76.

The Effects of Quasi-Random Monetary Experiments

CEPR Discussion Paper No. DP11801
Number of pages: 47 Posted: 30 Jan 2017 Last Revised: 04 Jun 2018
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 13
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fixed exchange rates, instru- mental variables, interest rates, local average treatment effect, local projections, monetary experiments, trilemma

77.

Macrofinancial History and the New Business Cycle Facts

CEPR Discussion Paper No. DP11587
Number of pages: 58 Posted: 01 Nov 2016
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 58
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credit, financial hockey stick, leverage, Macroeconomics, moments

78.

Financial Integration, Investment, and Economic Growth: Evidence from Two Eras of Financial Globalization

Review of Economics and Statistics, Forthcoming
Posted: 08 Aug 2010
Moritz Schularick and Thomas Michael Steger
University of Bonn - Department of Economics and University of Leipzig/Institute for Theoretical Economics/Macroeconomics

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capital market integration, economic growth, financial globalization, economic history