M
Moritz Schularick
Researcher at University of Bonn
Publications - 136
Citations - 10074
Moritz Schularick is an academic researcher from University of Bonn. The author has contributed to research in topics: Monetary policy & Financial crisis. The author has an hindex of 36, co-authored 125 publications receiving 8360 citations. Previous affiliations of Moritz Schularick include Economic Policy Institute & Free University of Berlin.
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Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
TL;DR: This paper studied the behavior of money, credit, and macroeconomic indicators over the long run based on a newly constructed historical dataset for 12 developed countries over the years 1870-2008, utilizing the data to study rare events associated with financial crisis episodes.
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Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
Moritz Schularick,Alan M. Taylor +1 more
TL;DR: This article studied the behavior of money, credit, and macroeconomic indicators over the long run based on a new historical dataset for 14 countries over the years 1870-2008 and found that credit growth is a powerful predictor of financial crises, suggesting that policymakers ignore credit at their peril.
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Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons
TL;DR: In this article, the authors studied the experience of 14 developed countries over 140 years (1870-2008) and found that credit growth tends to be elevated and natural interest rates depressed in the run-up to global financial crises.
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When Credit Bites Back
TL;DR: The authors used data on 14 advanced countries between 1870 and 2008 to study how past credit accumulation impacts key macroeconomic variables such as output, investment, lending, interest rates, and inflation, finding that more credit-intensive expansions tend to be followed by deeper recessions and slower recoveries.
ReportDOI
Macrofinancial History and the New Business Cycle Facts
TL;DR: In this article, a decade-long, near-stable ratio of credit to GDP gave way to rapid financialization and surging leverage in the last forty years, which coincides with shifts in foundational macroeconomic relationships beyond the widely noted return of macroeconomic fragility and crisis risk.