NEW PAPERS

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

CEPR WORKING PAPER I March 2025

Revision requested by the Journal of Political Economy

Niall Ferguson, Martin Kornejew, Paul Schmelzing, Moritz Schularick

ECONOMIC INSECURITY: TRADE DEPENDENCIES AND THEIR WEAPONIZATION IN HISTORY

KIEL & CEPR WORKING PAPER | July 2025

Revision requested by the Journal of International Economics

Martin Bernstein, Josefin Meyer, Kevin O’Rourke and Moritz Schularick

DOES MONEY WIN WARS?

KIEL WORKING PAPERS | April 2026

Jonathan Federle, Dominic Rohner, Moritz Schularick

THE GREAT LEVELER ACCORDING TO HANK

KIEL WORKING PAPER | November 2025

Ralph Luetticke, Timothy Meyer, Gernot J. Müller and Moritz Schularick

FINANCIAL LIBERALIZATIONS, BOOMS, AND CRASHES

KIEL WORKING PAPERS | June 2025

Maximilian Grimm, Moritz Schularick, Emil Verner

IDENTIFYING MUTUAL INTERESTS - HOW DONOR COUNTRIES BENEFIT FROM FOREIGN AID

KIEL WORKING PAPER | June 2025

Tobias Heidland, Maximilian Michael, Moritz Schularick and Rainer Thiele

INFLATION SURPRISES AND ELECTION OUTCOMES

KIEL & CEPR WORKING 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

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

UNEMPLOYMENT RISK, PORTFOLIO CHOICE, AND THE RACIAL WEALTH GAP

WORKING PAPER | March 2024

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

SURVIVAL OF THE BIGGEST: LARGE BANKS AND FINANCIAL CRISES

SSRN | June 2023

Matthew Baron, Moritz Schularick, Kaspar Zimmermann

GERMAN REAL ESTATE INDEX (GREIX)

ECONTRIBUTE DISCUSSION PAPERS SERIES  I MAY 2023

Francisco Amaral, Martin Dohmen, Moritz Schularick, Jonas Zdrzalek

THE ANATOMY OF THE GLOBAL SAVING GLUT

CEPR WORKING PAPER I  April 2022

Luis Bauluz, Filip Novokmet, Moritz Schularick

THE TOTAL RISK PREMIUM PUZZLE

NBER WORKING PAPER I  March 2019

Òscar Jordà, Moritz Schularick, Alan Taylor