NEW PAPERS

EXPORTWELTMEISTER: GERMANY’S FOREIGN INVESTMENT RETURNS IN INTERNATIONAL COMPARISON

JOURNAL OF INTERNATIONAL ECONOMICS I MAY 2025

Franziska Hünnekes, Maximilian Konradt, Moritz Schularick, Christoph Trebesch, Julian Wingenbach

THE DISTRIBUTION OF HOUSEHOLD DEBT IN THE UNITED STATES, 1950-2022

REVIEW OF ECONOMIC DYNAMICS I APRIL 2025

Alina K. Bartscher, Moritz Kuhn, Moritz Schularick, Ulrike I. Steins

WHO WINS WARS?

KIEL WORKING PAPER I January 2025

Jonathan Federle, Dominic Rohner, Moritz Schularick

SUPERSTAR RETURNS: SPATIAL HETEROGENEITY IN RETURNS TO HOUSING

JOURNAL OF FINANCE (conditionally accepted)  I January 2025

Francisco Amaral, Martin Dohmen, Sebastian Kohl, Moritz Schularick 

INFLATION SURPRISES AND ELECTION OUTCOMES

CEPR DISCUSSION PAPER I December 2024

Jonathan Federle, Cathrin Mohr, Moritz Schularick

FATAL AUSTERITY

WORKING PAPER  I October 2024

Stephanie Ettmeier, Alexander Kriwoluzky, Moritz Schularick, Lucas ter Steege

WEALTH AND ITS DISTRIBUTION IN GERMANY, 1895-2021

CEPR DISCUSSION PAPER 17269 I September 2024

Accepted at the Journal of the European Economic Association

Thilo Albers, Charlotte Bartels, Moritz Schularick

SPATIAL WAGE INEQUALITY IN NORTH AMERICA AND WESTERN EUROPE: CHANGES BETWEEN AND WITHIN LOCAL LABOUR MARKETS 1975-2019

BANQUE DE FRANCE WORKING PAPER I September 2024

Luis Bauluz, Paweł Bukowski, Mark Fransham, Annie Lee, Margarita Lopez Forero, Filip Novokmet, Sebastien Breau, Neil Lee, Clément Malgouyres, Moritz Schularick, Gregory Verdugo

WHAT IF? THE MACROECONOMIC AND DISTRIBUTIONAL EFFECTS FOR GERMANY OF A STOP OF ENERGY IMPORTS FROM RUSSIA

ECONOMICA | July 2024

Rüdiger Bachmann, David Baqaee, Christian Bayer, Moritz Kuhn, Andreas Löschel, Benjamin Moll, Andreas Peichl, Karen Pittel, Moritz Schularick

INTEREST RATES AND THE SPATIAL POLARIZATION OF HOUSING MARKETS

AMERICAN ECONOMIC REVIEW: INSIGHTS | March 2024

Francisco Amaral, Martin Dohmen, Sebastian Kohl, Moritz Schularick

UNEMPLOYMENT RISK, PORTFOLIO CHOICE, AND THE RACIAL WEALTH GAP

WORKING PAPER | March 2024

Ellora Derenoncourt, Chi-Hyun Kim, Moritz Kuhn, Moritz Schularick

THE PRICE OF WAR

KIEL WORKING PAPER | February 2024

Revision requested at the American Economic Review

Jonathan Federle, André Meier, Gernot J. Müller, Willi Mutschler, and Moritz Schularick

POPULIST LEADERS AND THE ECONOMY

AMERICAN ECONOMIC REVIEW | December 2023

Manuel Funke, Moritz Schularick, Christoph Trebesch

DISASTERS EVERYWHERE: THE COSTS OF BUSINESS CYCLES RECONSIDERED

IMF ECONOMIC REVIEW | November 2023

Òscar Jordà, Moritz Schularick, Alan Taylor

CHANGES IN THE DISTRIBUTION OF BLACK AND WHITE WEALTH SINCE THE US CIVIL WAR

JOURNAL OF ECONOMIC PERSPECTIVES | Fall 2023

Ellora Derenoncourt, Chi-Hyun Kim, Moritz Kuhn, Moritz Schularick

WEALTH OF TWO NATIONS: THE U.S. RACIAL WEALTH GAP, 1860–2020

THE QUARTERLY JOURNAL OF ECONOMICS | September 2023

Ellora Derenoncourt, Chi-Hyun Kim, Moritz Kuhn, Moritz Schularick

THE POWER OF SUBSTITUTION: THE GREAT GERMAN GAS DEBATE IN RETROSPECT

BROOKINGS PAPERS ON ECONOMIC ACTIVITY | September 2023

Benjamin Moll, Moritz Schularick, Georg Zachmann

GERMAN REAL ESTATE INDEX (GREIX)

ECONTRIBUTE DISCUSSION PAPERS SERIES  I MAY 2023

Francisco Amaral, Martin Dohmen, Moritz Schularick, Jonas Zdrzalek

LOOSE MONETARY POLICY AND FINANCIAL INSTABILITY

NBER WORKING PAPER 30958  I February  2023

Revision requested at the Review of Economic Studies

Maximilian Grimm, Òscar Jordà, Moritz Schularick, Alan M. Taylor

THE SAFETY NET: CENTRAL BANK BALANCE SHEETS AND FINANCIAL CRISES, 1587-2020

CEPR DISCUSSION PAPER 17858  I January  2023

Niall Ferguson, Martin Kornejew, Paul Schmelzing, Moritz Schularick

SURVIVAL OF THE BIGGEST: LARGE BANKS AND FINANCIAL CRISES

SSRN | August 2022

Matthew Baron, Moritz Schularick, Kaspar Zimmermann

FINANCIAL STABILITY CONSIDERATIONS FOR MONETARY POLICY: EMPIRICAL EVIDENCE AND CHALLENGES

WORKING PAPER | June 2022

Nina Boyarchenko, Giovanni Favara, Moritz Schularick

THE ANATOMY OF THE GLOBAL SAVING GLUT

CEPR DISCUSSION PAPER 17215  I  April 2022

Luis Bauluz, Filip Novokmet, Moritz Schularick

ZOMBIES AT LARGE? CORPORATE DEBT OVERHANG AND THE MACROECONOMY 

THE REVIEW OF FINANCIAL STUDIES | March 2022

Òscar Jordà, Martin Kornejew, Moritz Schularick, Alan M Taylor

MONETARY POLICY AND RACIAL INEQUALITY

BROOKINGS PAPER ON ECONOMIC ACTIVITY | March 2022

Alina K. Bartscher, Moritz Kuhn, Moritz Schularick, and Paul Wachtel

THE MACROECONOMIC IMPACT OF TRUMP

POLICY STUDIES | April 2021

Benjamin Born, Gernot J. Müller, Moritz Schularick, Petr Sedláček

MODIGLIANI MEETS MINSKY: INEQUALITY, DEBT, AND FINANCIAL FRAGILITY IN AMERICA

CEPR DISCUSSION PAPER 14667  I  April 2020

Alina K. Bartscher, Moritz Kuhn, Moritz Schularick, Ulrike Steins

THE TOTAL RISK PREMIUM PUZZLE

NBER WORKING PAPER 23653  I  March 2019

Òscar Jordà, Moritz Schularick, Alan Taylor