Details about Moritz Schularick

Homepage:	https://www.moritzschularick.com/
Workplace:	Department of Economics, Sciences économiques (Economics), Sciences Po, (more information at EDIRC)

Access statistics for papers by Moritz Schularick.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: psc129

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Working Papers

2024

1. Unemployment Risk, Portfolio Choice, and the Racial Wealth Gap
   Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis

2023

2. Exportweltmeister: Germany's Foreign Investment Returns in International Comparison
   Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (2)

2022

3. Bank Capital before and after Financial Crises
   SciencePo Working papers Main, HAL
   Also in Post-Print, HAL (2022)
4. Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges
   Staff Reports, Federal Reserve Bank of New York View citations (8)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2022) View citations (3)
5. Housing Returns in Big and Small Cities
   Liberty Street Economics, Federal Reserve Bank of New York
6. How it can be done
   ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (3)
   Also in SciencePo Working papers Main, HAL (2022) View citations (2)
   Working Papers, HAL (2022) View citations (2)
7. Interest Rates and the Spatial Polarization of Housing Markets
   ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany View citations (1)
8. Introduction: The New Economics of Debt and Financial Fragility
   Post-Print, HAL
   Also in SciencePo Working papers Main, HAL (2022)
9. Leveraged
   SciencePo Working papers Main, HAL
   Also in Post-Print, HAL (2022)
10. Monetary Policy and Racial Inequality
    SciencePo Working papers Main, HAL View citations (3)
    Also in Post-Print, HAL (2022) View citations (3)
    LawFin Working Paper Series, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin) (2021) View citations (11)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2021) View citations (14)
    Staff Reports, Federal Reserve Bank of New York (2021) View citations (10)
    Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis (2021) View citations (11)
    CESifo Working Paper Series, CESifo (2021) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (13)
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany (2021) View citations (11)
11. New perspectives on monetary policy
    Working Papers, Forum New Economy
12. Populist Leaders and the Economy
    SciencePo Working papers Main, HAL View citations (8)
    Also in Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2020) View citations (31)
    Working Papers, HAL (2022) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) View citations (33)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2020) View citations (31)
13. The Anatomy of the Global Saving Glut
    SciencePo Working papers Main, HAL View citations (2)
    Also in CESifo Working Paper Series, CESifo (2022) View citations (5)
    World Inequality Lab Working Papers, HAL (2022) View citations (2)
    Working Papers, HAL (2022) View citations (2)
    World Inequality Lab Working Papers, HAL (2022) View citations (2)
    Working Papers, HAL (2022) View citations (2)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2022) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
14. Was wäre, wenn...? Die wirtschaftlichen Auswirkungen eines Importstopps russischer Energie auf Deutschland
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (5)
15. Wealth and Its Distribution in Germany, 1895-2018
    SOEPpapers on Multidisciplinary Panel Data Research, DIW Berlin, The German Socio-Economic Panel (SOEP) View citations (13)
    Also in Working Papers, HAL (2022) View citations (3)
    CESifo Working Paper Series, CESifo (2022) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    Working Papers, HAL (2022) View citations (3)
    SciencePo Working papers Main, HAL (2022) View citations (3)
    SocArXiv, Center for Open Science (2022) View citations (2)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2022) View citations (13)
    World Inequality Lab Working Papers, HAL (2022) View citations (3)
16. Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany View citations (7)
    Also in Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis (2022) View citations (7)
    CESifo Working Paper Series, CESifo (2022) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    Working Papers, Princeton University. Economics Department. (2022) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (8)
    Working Papers, HAL (2022) View citations (4)
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany (2022) View citations (7)
    SciencePo Working papers Main, HAL (2022) View citations (7)
17. Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860–2020
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (7)
18. What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia
    EconPol Policy Reports, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (86)
    Also in ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany (2022) View citations (85)
    SciencePo Working papers Main, HAL (2022) View citations (20)
    Working Papers, HAL (2022) View citations (67)
19. Wie es zu schaffen ist
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (4)
20. Zombies at Large? Corporate Debt Overhang and the Macroeconomy
    SciencePo Working papers Main, HAL View citations (18)
    Also in Post-Print, HAL (2022) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (13)
    Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (12)
    Staff Reports, Federal Reserve Bank of New York (2020) View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (13)
    Working Papers Series, Institute for New Economic Thinking (2021)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2020) View citations (14)
    See also Journal Article Zombies at Large? Corporate Debt Overhang and the Macroeconomy, The Review of Financial Studies, Society for Financial Studies (2022) View citations (19) (2022)

2021

21. Bank Capital Redux: Solvency, Liquidity, and Crisis
    SciencePo Working papers Main, HAL View citations (17)
    Also in Post-Print, HAL (2021) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (45)
    2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (45)
    Working Paper Series, Federal Reserve Bank of San Francisco (2017) View citations (40)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (45)
    See also Journal Article Bank Capital Redux: Solvency, Liquidity, and Crisis, The Review of Economic Studies, Review of Economic Studies Ltd (2021) View citations (33) (2021)
22. Corporate indebtedness and macroeconomic stabilisation from a long-term perspective
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (2)
23. Die neue Wohnungsfrage: Gewinner und Verlierer des deutschen Immobilienbooms
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (7)
24. Leaning against the Wind and Crisis Risk
    Post-Print, HAL View citations (18)
    Also in ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2020) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (3)
    SciencePo Working papers Main, HAL (2021) View citations (16)
    CESifo Working Paper Series, CESifo (2020) View citations (3)
    See also Journal Article Leaning against the Wind and Crisis Risk, American Economic Review: Insights, American Economic Association (2021) View citations (29) (2021)
25. Superstar Returns
    SciencePo Working papers Main, HAL
    Also in Working Papers, HAL (2021)
    Staff Reports, Federal Reserve Bank of New York (2021) View citations (1)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2021) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
26. The Cost of Populism: Evidence from history
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (4)
27. The Term Spread as a Predictor of Financial Instability
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)

2020

28. A Protective Shield for Europe’s Banks
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (3)
29. Bank capital and the European recovery from the COVID-19 crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in SAFE White Paper Series, Leibniz Institute for Financial Research SAFE (2020) View citations (8)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2020) View citations (8)
30. Disasters Everywhere: The Costs of Business Cycles Reconsidered
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (20)
    Staff Reports, Federal Reserve Bank of New York (2020) View citations (16)
    Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (16)
31. Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in Staff Reports, Federal Reserve Bank of New York (2020) View citations (16)
    Working Papers Series, Institute for New Economic Thinking (2020) View citations (28)
    CESifo Working Paper Series, CESifo (2020) View citations (27)
32. The Distribution of Household Debt in the United States, 1950-2019
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany View citations (27)
33. The Distribution of Wealth in Germany, 1895-2018
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (20)
34. The macroeconomic impact of Trump
    Economics Series Working Papers, University of Oxford, Department of Economics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (13)
    See also Journal Article The macroeconomic impact of Trump, Policy Studies, Taylor & Francis Journals (2021) View citations (7) (2021)

2019

35. Exportweltmeister: The Low Returns on Germany’s Capital Exports
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
36. The College Wealth Divide: Education and Inequality in America, 1956-2016
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in CESifo Working Paper Series, CESifo (2019)
    See also Journal Article The College Wealth Divide: Education and Inequality in America, 1956-2016, Review, Federal Reserve Bank of St. Louis (2020) View citations (6) (2020)
37. The Total Risk Premium Puzzle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (6)
    Working Paper Series, Federal Reserve Bank of San Francisco (2019) View citations (3)

2018

38. Effects of Quasi-Random Monetary Experiments
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (13)
    See also Journal Article The effects of quasi-random monetary experiments, Journal of Monetary Economics, Elsevier (2020) View citations (82) (2020)
39. Global Financial Cycles and Risk Premiums
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2018) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (26)
    See also Journal Article Global Financial Cycles and Risk Premiums, IMF Economic Review, Palgrave Macmillan (2019) View citations (56) (2019)
40. Income and Wealth Inequality in America, 1949-2016
    Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis View citations (13)
    Also in CESifo Working Paper Series, CESifo (2017) View citations (15)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (22)
    See also Journal Article Income and Wealth Inequality in America, 1949–2016, Journal of Political Economy, University of Chicago Press (2020) View citations (97) (2020)
41. Stable genius: Estimating the 'Trump effect' on the US economy
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany
42. The Costs of Macroprudential Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (15)
    See also Journal Article The costs of macroprudential policy, Journal of International Economics, Elsevier (2019) View citations (111) (2019)
    Chapter The Costs of Macroprudential Policy, NBER Chapters, National Bureau of Economic Research, Inc (2018) View citations (15) (2018)
43. The Rate of Return on Everything, 1870-2015
    CESifo Working Paper Series, CESifo View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (26)
    Working Paper Series, Federal Reserve Bank of San Francisco (2017) View citations (7)
    See also Journal Article The Rate of Return on Everything, 1870–2015, The Quarterly Journal of Economics, President and Fellows of Harvard College (2019) View citations (130) (2019)
44. The macroeconomic effects of macroprudential policy
    BIS Working Papers, Bank for International Settlements View citations (24)
45. When to Lean Against the Wind
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (26)
    See also Journal Article When to Lean against the Wind, Journal of Money, Credit and Banking, Blackwell Publishing (2021) View citations (17) (2021)

2017

46. Editorial
    IBF Paper Series, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main View citations (3)
47. The Costs of Economic Nationalism: Evidence from the Brexit Experiment
    CESifo Working Paper Series, CESifo View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (12)
    See also Journal Article The Costs of Economic Nationalism: Evidence from the Brexit Experiment, The Economic Journal, Royal Economic Society (2019) View citations (108) (2019)
48. The Economic Consequences of the Brexit Vote
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (17)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (10)
49. Wealth and Income Inequality in America, 1949-2013
    2017 Meeting Papers, Society for Economic Dynamics View citations (17)

2016

50. Going to extremes: Politics after financial crises, 1870-2014
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (196)
    Also in CESifo Working Paper Series, CESifo (2015) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (16)
    See also Journal Article Going to extremes: Politics after financial crises, 1870–2014, European Economic Review, Elsevier (2016) View citations (136) (2016)
51. Macrofinancial History and the New Business Cycle Facts
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (98)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016) View citations (78)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (96)
    See also Journal Article Macrofinancial History and the New Business Cycle Facts, NBER Macroeconomics Annual, University of Chicago Press (2017) View citations (276) (2017)
    Chapter Macrofinancial History and the New Business Cycle Facts, NBER Chapters, National Bureau of Economic Research, Inc (2016) View citations (201) (2016)
52. No Price Like Home: Global House Prices, 1870 – 2012
    VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association View citations (10)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (22)
    VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy, Verein für Socialpolitik / German Economic Association (2015) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (42)
    CESifo Working Paper Series, CESifo (2014) View citations (44)
    See also Journal Article No Price Like Home: Global House Prices, 1870-2012, American Economic Review, American Economic Association (2017) View citations (239) (2017)
53. The Great Mortgaging
    2016 Meeting Papers, Society for Economic Dynamics View citations (50)

2015

54. Central Bank Balance Sheets: Expansion and Reduction since 1900
    CESifo Working Paper Series, CESifo View citations (14)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (16)
55. Leveraged Bubbles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (45)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (45)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (45)
    CESifo Working Paper Series, CESifo (2015) View citations (45)
    Working Paper Series, Federal Reserve Bank of San Francisco (2015) View citations (45)
    See also Journal Article Leveraged bubbles, Journal of Monetary Economics, Elsevier (2015) View citations (47) (2015)

2014

56. Betting the House
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (8)
    CESifo Working Paper Series, CESifo (2014) View citations (26)
    Working Papers, Hong Kong Institute for Monetary Research (2014) View citations (29)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (29)
    See also Journal Article Betting the house, Journal of International Economics, Elsevier (2015) View citations (157) (2015)
    Chapter Betting the House, NBER Chapters, National Bureau of Economic Research, Inc (2014) View citations (26) (2014)
57. Sovereigns versus Banks: Credit, Crises and Consequences
    Working Papers Series, Institute for New Economic Thinking View citations (5)
    Also in CESifo Working Paper Series, CESifo (2013) View citations (35)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (35)
    Working Paper Series, Federal Reserve Bank of San Francisco (2013) View citations (20)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (34)
    See also Journal Article SOVEREIGNS VERSUS BANKS: CREDIT, CRISES, AND CONSEQUENCES, Journal of the European Economic Association, European Economic Association (2016) View citations (108) (2016)
    Chapter Sovereigns versus Banks: Credit, Crises, and Consequences, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (22) (2013)
58. The Great Mortgaging: Housing Finance, Crises, and Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2014) View citations (65)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (66)
    Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (47)
    CESifo Working Paper Series, CESifo (2014) View citations (64)
    See also Journal Article The great mortgaging: housing finance, crises and business cycles, Economic Policy, CEPR, CESifo, Sciences Po (2016) View citations (315) (2016)

2013

59. Immunity
    CESifo Working Paper Series, CESifo
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2013)
    See also Journal Article IMMUNITY, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2020) (2020)
60. When Credit Bites Back
    2013 Meeting Papers, Society for Economic Dynamics View citations (605)
    See also Journal Article When Credit Bites Back, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (330) (2013)

2012

61. Public debt and financial crises in the twentieth century
    Discussion Papers, Free University Berlin, School of Business & Economics View citations (11)
62. The Making of America's Imbalances
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (3)
    Also in Discussion Papers, Free University Berlin, School of Business & Economics (2012) View citations (2)
63. When Credit Bites Back: Leverage, Business Cycles and Crises
    Working Papers Series, Institute for New Economic Thinking View citations (39)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (50)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (143)
    Working Papers, University of California, Davis, Department of Economics (2012) View citations (38)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (156)

2011

64. The Macroeconomic Effects of Large Exchange Rate Appreciations
    OECD Development Centre Working Papers, OECD Publishing View citations (27)
    Also in ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research (2011) View citations (26)
    Discussion Papers, Free University Berlin, School of Business & Economics (2011) View citations (25)
    See also Journal Article The Macroeconomic Effects of Large Exchange Rate Appreciations, EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics (2013) View citations (28) (2013)

2010

65. Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
    See also Journal Article Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons, IMF Economic Review, Palgrave Macmillan (2011) View citations (460) (2011)

2009

66. Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (125)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (115)
    See also Journal Article Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008, American Economic Review, American Economic Association (2012) View citations (1827) (2012)
67. The End of Chimerica
    Harvard Business School Working Papers, Harvard Business School View citations (11)
    See also Journal Article The End of Chimerica, International Finance, Wiley Blackwell (2011) View citations (12) (2011)
68. Trade and Economic Growth: Historical Evidence
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (2)

2008

69. The "Thin Film Of Gold": Monetary Rules and Policy Credibility In Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
70. The Lucas Paradox and the quality of institutions: then and now
    Discussion Papers, Free University Berlin, School of Business & Economics View citations (4)

2006

71. Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization
    CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich View citations (22)
    Also in CESifo Working Paper Series, CESifo (2006) View citations (28)

2005

72. A TALE OF TWO “GLOBALIZATIONS”: CAPITAL FLOWS FROM RICH TO POOR IN TWO ERAS OF GLOBAL FINANCE
    Economic History, University Library of Munich, Germany View citations (2)
    See also Journal Article A tale of two 'globalizations': capital flows from rich to poor in two eras of global finance, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2006) View citations (30) (2006)
73. The Empire Effect: Country Risk in the First Age of Globalization, 1880-1913
    Economic History, University Library of Munich, Germany View citations (1)
74. “THE THIN FILM OF GOLD”: THE LIMITS OF MONETARY COMMITMENTS
    Macroeconomics, University Library of Munich, Germany View citations (4)

2004

75. The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880-1913
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (9)
    See also Journal Article The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880–1913, The Journal of Economic History, Cambridge University Press (2006) View citations (95) (2006)

Journal Articles

2022

1. Was wäre, wenn…? Die wirtschaftlichen Auswirkungen eines Importstopps russischer Energie auf Deutschland
   ifo Schnelldienst, 2022, 75, (Sonderausgabe), 06-14 View citations (4)
2. Zombies at Large? Corporate Debt Overhang and the Macroeconomy
   The Review of Financial Studies, 2022, 35, (10), 4561-4586 View citations (19)
   See also Working Paper Zombies at Large? Corporate Debt Overhang and the Macroeconomy, SciencePo Working papers Main (2022) View citations (18) (2022)

2021

3. Bank Capital Redux: Solvency, Liquidity, and Crisis
   The Review of Economic Studies, 2021, 88, (1), 260-286 View citations (33)
   See also Working Paper Bank Capital Redux: Solvency, Liquidity, and Crisis, SciencePo Working papers Main (2021) View citations (17) (2021)
4. Leaning against the Wind and Crisis Risk
   American Economic Review: Insights, 2021, 3, (2), 199-214 View citations (29)
   See also Working Paper Leaning against the Wind and Crisis Risk, Post-Print (2021) View citations (18) (2021)
5. The macroeconomic impact of Trump
   Policy Studies, 2021, 42, (5-6), 580-591 View citations (7)
   See also Working Paper The macroeconomic impact of Trump, Economics Series Working Papers (2020) (2020)
6. When to Lean against the Wind
   Journal of Money, Credit and Banking, 2021, 53, (1), 5-39 View citations (17)
   See also Working Paper When to Lean Against the Wind, Working Papers (2018) View citations (2) (2018)

2020

7. IMMUNITY
   International Economic Review, 2020, 61, (2), 531-564
   See also Working Paper Immunity, CESifo Working Paper Series (2013) (2013)
8. Income and Wealth Inequality in America, 1949–2016
   Journal of Political Economy, 2020, 128, (9), 3469 - 3519 View citations (97)
   See also Working Paper Income and Wealth Inequality in America, 1949-2016, Opportunity and Inclusive Growth Institute Working Papers (2018) View citations (13) (2018)
9. The College Wealth Divide Continues to Grow
   Economic Synopses, 2020, (1)
10. The College Wealth Divide: Education and Inequality in America, 1956-2016
    Review, 2020, 102, (1), 19-49 View citations (6)
    See also Working Paper The College Wealth Divide: Education and Inequality in America, 1956-2016, CEPR Discussion Papers (2019) (2019)
11. The effects of quasi-random monetary experiments
    Journal of Monetary Economics, 2020, 112, (C), 22-40 View citations (82)
    See also Working Paper Effects of Quasi-Random Monetary Experiments, Working Paper Series (2018) View citations (12) (2018)
12. Ungleichheit unter der Lupe – neue politische Antworten auf ein bekanntes Thema
    ifo Schnelldienst, 2020, 73, (02), 03-26

2019

13. Global Financial Cycles and Risk Premiums
    IMF Economic Review, 2019, 67, (1), 109-150 View citations (56)
    See also Working Paper Global Financial Cycles and Risk Premiums, NBER Working Papers (2018) View citations (25) (2018)
14. The Costs of Economic Nationalism: Evidence from the Brexit Experiment
    The Economic Journal, 2019, 129, (623), 2722-2744 View citations (108)
    See also Working Paper The Costs of Economic Nationalism: Evidence from the Brexit Experiment, CESifo Working Paper Series (2017) View citations (13) (2017)
15. The Rate of Return on Everything, 1870–2015
    The Quarterly Journal of Economics, 2019, 134, (3), 1225-1298 View citations (130)
    See also Working Paper The Rate of Return on Everything, 1870-2015, CESifo Working Paper Series (2018) View citations (4) (2018)
16. The costs of macroprudential policy
    Journal of International Economics, 2019, 118, (C), 263-282 View citations (111)
    See also Chapter The Costs of Macroprudential Policy, NBER Chapters, 2018, 263-282 (2018) View citations (15) (2018)
    Working Paper The Costs of Macroprudential Policy, NBER Working Papers (2018) View citations (15) (2018)

2018

17. Towards a New Paradigm: Stabilising Financial Markets
    Intereconomics: Review of European Economic Policy, 2018, 53, (3), 124-135

2017

18. Macrofinancial History and the New Business Cycle Facts
    NBER Macroeconomics Annual, 2017, 31, (1), 213 - 263 View citations (276)
    See also Working Paper Macrofinancial History and the New Business Cycle Facts, CEPR Discussion Papers (2016) View citations (98) (2016)
    Chapter Macrofinancial History and the New Business Cycle Facts, NBER Chapters, 2016, 213-263 (2016) View citations (201) (2016)
19. Monetary Policy Medicine: Large Effects from Small Doses?
    FRBSF Economic Letter, 2017
20. No Price Like Home: Global House Prices, 1870-2012
    American Economic Review, 2017, 107, (2), 331-53 View citations (239)
    See also Working Paper No Price Like Home: Global House Prices, 1870 – 2012, VfS Annual Conference 2016 (Augsburg): Demographic Change (2016) View citations (10) (2016)

2016

21. Bubbles, Credit, and Their Consequences
    FRBSF Economic Letter, 2016 View citations (2)
22. Eugene N. White, Kenneth Snowden, and Price Fishback eds., Housing and mortgage markets in historical perspective ( Chicago: University of Chicago Press, 2014. Pp. 496. 50 tabs. ISBN 9780226073842 Hbk. $110)
    Economic History Review, 2016, 69, (1), 402-403
23. Going to extremes: Politics after financial crises, 1870–2014
    European Economic Review, 2016, 88, (C), 227-260 View citations (136)
    See also Working Paper Going to extremes: Politics after financial crises, 1870-2014, Munich Reprints in Economics (2016) View citations (196) (2016)
24. SOVEREIGNS VERSUS BANKS: CREDIT, CRISES, AND CONSEQUENCES
    Journal of the European Economic Association, 2016, 14, (1), 45-79 View citations (108)
    Also in Journal of the European Economic Association, 2016, 14, (1), 45-79 (2016) View citations (104)
    See also Working Paper Sovereigns versus Banks: Credit, Crises and Consequences, Working Papers Series (2014) View citations (5) (2014)
    Chapter Sovereigns versus Banks: Credit, Crises, and Consequences, NBER Chapters, 2013 (2013) View citations (22) (2013)
25. The great mortgaging: housing finance, crises and business cycles
    Economic Policy, 2016, 31, (85), 107-152 View citations (315)
    See also Working Paper The Great Mortgaging: Housing Finance, Crises, and Business Cycles, NBER Working Papers (2014) View citations (74) (2014)

2015

26. Betting the house
    Journal of International Economics, 2015, 96, (S1), S2-S18 View citations (157)
    See also Working Paper Betting the House, NBER Working Papers (2014) View citations (29) (2014)
    Chapter Betting the House, NBER Chapters, 2014, 2-18 (2014) View citations (26) (2014)
27. Interest rates and house prices: pill or poison?
    FRBSF Economic Letter, 2015 View citations (1)
28. Leveraged bubbles
    Journal of Monetary Economics, 2015, 76, (S), S1-S20 View citations (47)
    See also Working Paper Leveraged Bubbles, CEPR Discussion Papers (2015) View citations (45) (2015)
29. Mortgaging the future?
    FRBSF Economic Letter, 2015

2014

30. Editor's Choice The Making of America’s Imbalances
    CESifo Economic Studies, 2014, 60, (1), 62-88 View citations (3)
31. Private credit and public debt in financial crises
    FRBSF Economic Letter, 2014 View citations (15)
32. Public and Private Debt: The Historical Record (1870–2010)
    German Economic Review, 2014, 15, (1), 191-207 View citations (2)
    Also in German Economic Review, 2014, 15, (1), 191-207 (2014)

2013

33. The Macroeconomic Effects of Large Exchange Rate Appreciations
    EconStor Open Access Articles and Book Chapters, 2013, 24, (3), 471-494 View citations (28)
    Also in Open Economies Review, 2013, 24, (3), 471-494 (2013) View citations (39)
    See also Working Paper The Macroeconomic Effects of Large Exchange Rate Appreciations, OECD Development Centre Working Papers (2011) View citations (27) (2011)
34. When Credit Bites Back
    Journal of Money, Credit and Banking, 2013, 45, (s2), 3-28 View citations (330)
    Also in Journal of Money, Credit and Banking, 2013, 45, (s2), 3-28 (2013) View citations (611)
    See also Working Paper When Credit Bites Back, 2013 Meeting Papers (2013) View citations (605) (2013)

2012

35. Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008
    American Economic Review, 2012, 102, (2), 1029-61 View citations (1827)
    See also Working Paper Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008, CEPR Discussion Papers (2009) View citations (125) (2009)
36. The 'Thin film of gold': monetary rules and policy credibility
    European Review of Economic History, 2012, 16, (4), 384-407 View citations (5)
37. The Cambridge economic history of modern Europe – Edited by Stephen Broadberry and Kevin H. O'Rourke
    Economic History Review, 2012, 65, (1), 401-403

2011

38. 140 Years of Financial Crises: Old Dog, New Tricks
    Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, 2011, 52, (1), 45-67 View citations (6)
    Also in Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, 2011, 52, (1), 45-68 (2011) View citations (6)
39. Die makroökonomischen Effekte ausgeprägter Währungsaufwertungen
    ZEW Wachstums- und Konjunkturanalysen, 2011, 14, (1), 6-7
40. Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons
    IMF Economic Review, 2011, 59, (2), 340-378 View citations (460)
    See also Working Paper Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons, NBER Working Papers (2010) View citations (62) (2010)
41. Tariffs and economic growth in the first era of globalization
    Journal of Economic Growth, 2011, 16, (1), 33-70 View citations (35)
42. The End of Chimerica
    International Finance, 2011, 14, (1), 1-26 View citations (12)
    See also Working Paper The End of Chimerica, Harvard Business School Working Papers (2009) View citations (11) (2009)

2010

43. Financial Integration, Investment, and Economic Growth: Evidence from Two Eras of Financial Globalization
    The Review of Economics and Statistics, 2010, 92, (4), 756-768 View citations (63)
44. The End of Financial Globalization 3.0
    The Economists' Voice, 2010, 7, (1), 5
45. Touching the Brakes after the Crash: A Historical View of Reserve Accumulation and Financial Integration
    Global Economy Journal, 2010, 9, (4), 13 View citations (1)

2007

46. ‘Chimerica’ and the Global Asset Market Boom
    International Finance, 2007, 10, (3), 215-239 View citations (11)

2006

47. A tale of two 'globalizations': capital flows from rich to poor in two eras of global finance
    International Journal of Finance & Economics, 2006, 11, (4), 339-354 View citations (30)
    See also Working Paper A TALE OF TWO “GLOBALIZATIONS”: CAPITAL FLOWS FROM RICH TO POOR IN TWO ERAS OF GLOBAL FINANCE, Economic History (2005) View citations (2) (2005)
48. The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880–1913
    The Journal of Economic History, 2006, 66, (2), 283-312 View citations (95)
    See also Working Paper The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880-1913, Working Papers (2004) View citations (9) (2004)

2001

49. D-Mark-Bargeldumtausch in Osteuropa: Belastung für den Eurowechselkurs?
    Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), 2001, 81, (9), 513-518

Edited books

2022

1. Leveraged
   University of Chicago Press Economics Books, University of Chicago Press

Chapters

2018

1. The Costs of Macroprudential Policy
   A chapter in NBER International Seminar on Macroeconomics 2018, 2018, pp 263-282 View citations (15)
   See also Working Paper The Costs of Macroprudential Policy, National Bureau of Economic Research, Inc (2018) View citations (15) (2018)
   Journal Article The costs of macroprudential policy, Elsevier (2019) View citations (111) (2019)

2017

2. Household credit in Asia-Pacific
   A chapter in Financial systems and the real economy, 2017, vol. 91, pp 129-144 View citations (4)

2016

3. Macrofinancial History and the New Business Cycle Facts
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 213-263 View citations (201)
   See also Journal Article Macrofinancial History and the New Business Cycle Facts, University of Chicago Press (2017) View citations (276) (2017)
   Working Paper Macrofinancial History and the New Business Cycle Facts, C.E.P.R. Discussion Papers (2016) View citations (98) (2016)

2014

4. Betting the House
   A chapter in NBER International Seminar on Macroeconomics 2014, 2014, pp 2-18 View citations (26)
   See also Working Paper Betting the House, National Bureau of Economic Research, Inc (2014) View citations (29) (2014)
   Journal Article Betting the house, Elsevier (2015) View citations (157) (2015)

2013

5. Sovereigns versus Banks: Credit, Crises, and Consequences
   A chapter in Sovereign Debt and Financial Crises, 2013 View citations (22)
   See also Working Paper Sovereigns versus Banks: Credit, Crises and Consequences, Institute for New Economic Thinking (2014) View citations (5) (2014)
   Journal Article SOVEREIGNS VERSUS BANKS: CREDIT, CRISES, AND CONSEQUENCES, European Economic Association (2016) View citations (108) (2016)

Editor

1. Economic Policy
   CEPR, CESifo, Sciences Po