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Moritz Schularick

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2014. "Betting the House," NBER Working Papers 20771, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    2. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
    3. Ladrillos y libros: ¿cuánto daño nos ha hecho el boom de la construcción?
      by Libertad González in Nada Es Gratis on 2015-04-24 11:00:59
  2. √Íscar Jord√Ä & Moritz Schularick & Alan M. Taylor, 2013. "When Credit Bites Back," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(s2), pages 3-28, December.

    Mentioned in:

    1. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    2. Le grand emprunt hypothécaire
      by ? in D'un champ l'autre on 2014-09-24 04:21:00
  3. Moritz Schularick & Alan Taylor & Oscar Jorda, 2015. "Leveraged Bubbles," 2015 Meeting Papers 910, Society for Economic Dynamics.

    Mentioned in:

    1. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    2. House Prices at Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-04-29 12:35:08
    3. Financial Crisis: The Endgame
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-09-03 12:25:40
  4. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Leveraged bubbles," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 1-20.

    Mentioned in:

    1. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    2. House Prices at Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-04-29 12:35:08
    3. Financial Crisis: The Endgame
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-09-03 12:25:40
  5. Òscar Jordà & Björn Richter & Moritz Schularick & Alan M. Taylor, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," NBER Working Papers 23287, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Challenging the Role of Capital Adequacy using Historical Data
      by Banking Blogger in NEP-HIS blog on 2017-06-13 19:08:03
  6. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2017. "The Rate of Return on Everything, 1870–2015," NBER Working Papers 24112, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Fiscal Sustainability: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-07-02 12:02:05
    2. Negative Nominal Interest Rates: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-12-02 13:10:33
    3. Fiscal Space Has Limits, Too
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2020-05-31 15:13:38
  7. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M Taylor, 2019. "The Rate of Return on Everything, 1870–2015," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(3), pages 1225-1298.

    Mentioned in:

    1. Fiscal Sustainability: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-07-02 12:02:05
    2. Negative Nominal Interest Rates: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-12-02 13:10:33
    3. Fiscal Space Has Limits, Too
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2020-05-31 15:13:38
  8. Marcus Kappler & Helmut Reisen & Moritz Schularick & Edouard Turkisch, 2011. "The Macroeconomic Effects of Large Exchange Rate Appreciations," OECD Development Centre Working Papers 296, OECD Publishing.

    Mentioned in:

    1. The Renminbi and Poor-Country Growth
      by Shifting Wealth in ShiftingWealth on 2011-12-02 15:41:00
  9. Moritz Schularick, 2005. "A Tale Of Two “Globalizations”: Capital Flows From Rich To Poor In Two Eras Of Global Finance," Economic History 0509001, University Library of Munich, Germany.

    Mentioned in:

    1. A Very Brief History of Foreign Investment
      by pseudoerasmus in Pseudoerasmus on 2014-07-09 15:03:24
  10. Schularick, Moritz & Steger, Thomas & Knoll, Katharina, 2014. "No Price Like Home: Global House Prices, 1870-2012," CEPR Discussion Papers 10166, Centre for Economic Policy Research.

    Mentioned in:

    1. Stagnation & intergenerational justice
      by chris in Stumbling and Mumbling on 2015-02-24 20:38:02
    2. Skyscrapers and Housing Affordability: Debunking Misconceptions
      by Jason Barr in Skynomics Blog on 2021-03-23 12:10:58
    3. Zoned Out: Building Regulations and Housing Affordability
      by Jason Barr in Skynomics Blog on 2018-06-18 12:34:50
    4. Technical change and house prices
      by chris in Stumbling and Mumbling on 2017-11-21 19:46:04
  11. Schularick, Moritz & Wachtel, Paul & Richter, Björn, 2017. "When to Lean Against the Wind," CEPR Discussion Papers 12188, Centre for Economic Policy Research.

    Mentioned in:

    1. Assessing Housing Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-10-15 11:28:50
  12. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," CESifo Working Paper Series 5147, CESifo.

    Mentioned in:

    1. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    2. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
    3. Ladrillos y libros: ¿cuánto daño nos ha hecho el boom de la construcción?
      by Libertad González in Nada Es Gratis on 2015-04-24 11:00:59
  13. Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," CEPR Discussion Papers 10161, Centre for Economic Policy Research.

    Mentioned in:

    1. Assessing Housing Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-10-15 11:28:50
    2. Comprendiendo la severidad de las crisis financieras españolas
      by admin in Nada Es Gratis on 2018-05-31 05:01:24
    3. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    4. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
  14. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2011. "When credit bites back: leverage, business cycles, and crises," Working Paper Series 2011-27, Federal Reserve Bank of San Francisco.

    Mentioned in:

    1. The Crisis in 1000 words—or less
      by Steve Keen in Steve Keen's Debtwatch on 2012-07-22 11:41:41
    2. Jubilee!
      by steve from virginia in Economic Undertow on 2012-08-02 04:16:47
  15. Katharina Knoll & Moritz Schularick & Thomas Steger, 2014. "No price like home: global house prices, 1870-2012," Globalization Institute Working Papers 208, Federal Reserve Bank of Dallas.

    Mentioned in:

    1. Stagnation & intergenerational justice
      by chris in Stumbling and Mumbling on 2015-02-24 20:38:02
    2. Skyscrapers and Housing Affordability: Debunking Misconceptions
      by Jason Barr in Skynomics Blog on 2021-03-23 12:10:58
    3. Zoned Out: Building Regulations and Housing Affordability
      by Jason Barr in Skynomics Blog on 2018-06-18 12:34:50
    4. Technical change and house prices
      by chris in Stumbling and Mumbling on 2017-11-21 19:46:04
  16. Moritz Schularick & Solomos Solomou, 2011. "Tariffs and economic growth in the first era of globalization," Journal of Economic Growth, Springer, vol. 16(1), pages 33-70, March.

    Mentioned in:

    1. The Bairoch hypothesis (or the “tariff-growth paradox” of the late 19th century)
      by pseudoerasmus in Pseudoerasmus on 2016-12-25 22:35:53
  17. Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2015. "Leveraged Bubbles," CEPR Discussion Papers 10781, Centre for Economic Policy Research.

    Mentioned in:

    1. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    2. House Prices at Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-04-29 12:35:08
    3. Financial Crisis: The Endgame
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-09-03 12:25:40
  18. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," NBER Working Papers 20501, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Assessing Housing Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-10-15 11:28:50
    2. Comprendiendo la severidad de las crisis financieras españolas
      by admin in Nada Es Gratis on 2018-05-31 05:01:24
    3. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    4. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
  19. Moritz Schularick & Alan M. Taylor, 2012. "Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008," American Economic Review, American Economic Association, vol. 102(2), pages 1029-1061, April.

    Mentioned in:

    1. Comment expliquer la faiblesse de la reprise ?
      by Martin Anota in D'un champ l'autre on 2015-02-17 02:16:01
    2. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    3. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    4. Better capitalized banks lend more and lend better
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-12-05 19:49:01
  20. Katharina Knoll & Moritz Schularick & Thomas Steger, 2017. "No Price Like Home: Global House Prices, 1870-2012," American Economic Review, American Economic Association, vol. 107(2), pages 331-353, February.

    Mentioned in:

    1. Stagnation & intergenerational justice
      by chris in Stumbling and Mumbling on 2015-02-24 20:38:02
    2. Skyscrapers and Housing Affordability: Debunking Misconceptions
      by Jason Barr in Skynomics Blog on 2021-03-23 12:10:58
    3. Zoned Out: Building Regulations and Housing Affordability
      by Jason Barr in Skynomics Blog on 2018-06-18 12:34:50
    4. Technical change and house prices
      by chris in Stumbling and Mumbling on 2017-11-21 19:46:04
  21. Taylor, Alan M. & Schularick, Moritz, 2009. "Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008," CEPR Discussion Papers 7570, Centre for Economic Policy Research.

    Mentioned in:

    1. Comment expliquer la faiblesse de la reprise ?
      by Martin Anota in D'un champ l'autre on 2015-02-17 02:16:01
    2. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    3. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    4. Better capitalized banks lend more and lend better
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-12-05 19:49:01
  22. Òscar Jordà & Moritz Schularick & Alan M Taylor, 2011. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(2), pages 340-378, June.

    Mentioned in:

    1. The ABCT making its presence in the maintream literature
      by Nicolas Cachanosky in Punto de Vista Economico on 2013-09-02 08:10:35
    2. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    3. Et si le cycle financier était à l'origine des déséquilibres courants de la zone euro ?
      by ? in D'un champ l'autre on 2014-11-06 02:19:00
  23. Schularick, Moritz & Kuhn, Moritz & Steins, Ulrike, 2017. "Income and Wealth Inequality in America, 1949-2016," CEPR Discussion Papers 12218, Centre for Economic Policy Research.

    Mentioned in:

    1. On the Distribution of Wealth
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-04-16 11:56:16
  24. Katharina Knoll & Moritz Schularick & Thomas Steger, 2014. "No Price Like Home: Global House Prices, 1870-2012," CESifo Working Paper Series 5006, CESifo.

    Mentioned in:

    1. Stagnation & intergenerational justice
      by chris in Stumbling and Mumbling on 2015-02-24 20:38:02
    2. Skyscrapers and Housing Affordability: Debunking Misconceptions
      by Jason Barr in Skynomics Blog on 2021-03-23 12:10:58
    3. Zoned Out: Building Regulations and Housing Affordability
      by Jason Barr in Skynomics Blog on 2018-06-18 12:34:50
    4. Technical change and house prices
      by chris in Stumbling and Mumbling on 2017-11-21 19:46:04
  25. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019. "The Total Risk Premium Puzzle," NBER Working Papers 25653, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Ciclos Inmobiliarios y Desigualdad de la Riqueza
      by admin in Nada Es Gratis on 2019-12-16 14:00:30
  26. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Credit, Crises, and Consequences
      by noreply@blogger.com (Carola Binder) in Quantitative Ease on 2013-10-14 05:02:00
    2. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Schularick, Moritz & Steffen, Sascha & Tröger, Tobias, 2020. "Bank capital and the European recovery from the COVID-19 crisis," SAFE White Paper Series 69, Leibniz Institute for Financial Research SAFE.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic consequences > Finance and credit

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Moritz Schularick & Alan M. Taylor, 2012. "Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008," American Economic Review, American Economic Association, vol. 102(2), pages 1029-1061, April.

    Mentioned in:

    1. Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 (AER 2012) in ReplicationWiki ()
  2. Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "Income and Wealth Inequality in America, 1949–2016," Journal of Political Economy, University of Chicago Press, vol. 128(9), pages 3469-3519.

    Mentioned in:

    1. Income and Wealth Inequality in America, 1949–2016 (JPE 2020) in ReplicationWiki ()
  3. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.

    Mentioned in:

    1. Bank Capital Redux:Solvency, Liquidity, and Crisis (REStud forthcoming) in ReplicationWiki ()

Working papers

  1. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2024. "Unemployment Risk, Portfolio Choice, and the Racial Wealth Gap," Opportunity and Inclusive Growth Institute Working Papers 086, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Parakhoniak, Anastasiia & Balakina, Olga & Bäckman, Claes, 2026. "Beyond connectivity: Stock market participation in a network," Journal of Economic Dynamics and Control, Elsevier, vol. 183(C).
    2. Lee, Munseob & Macaluso, Claudia & Schwartzman, Felipe, 2024. "Minority Inflation, Unemployment, and Monetary Policy," IZA Discussion Papers 17502, IZA Network @ LISER.

  2. Hünnekes, Franziska & Konradt, Maximilian & Schularick, Moritz & Trebesch, Christoph & Wingenbach, Julian, 2023. "Exportweltmeister: Germany's Foreign Investment Returns in International Comparison," Kiel Working Papers 2133, Kiel Institute for the World Economy, revised 2023.

    Cited by:

    1. Allen, Cían & Juvenal, Luciana, 2025. "The role of currencies in external balance sheets," Journal of International Economics, Elsevier, vol. 157(C).
    2. Joyce, Joseph, 2021. "The International Distribution of FDI Income And Its Impact on Income Inequality," MPRA Paper 106448, University Library of Munich, Germany.
    3. Hüther, Michael, 2020. "Mangelt es den Deutschen an Wachstumsfantasie?," IW policy papers 3/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.

  3. Thilo N. H. Albers & Charlotte Bartels & Moritz Schularick, 2022. "Wealth and its Distribution in Germany, 1895-2018," ECONtribute Discussion Papers Series 162, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Bellani, Luna & Berriochoa, Kattalina & Kapteina, Mark & Schwerdt, Guido, 2024. "Information provision and support for inheritance taxation: Evidence from a representative survey experiment in Germany," Working Papers 22, University of Konstanz, Cluster of Excellence "The Politics of Inequality. Perceptions, Participation and Policies".
    2. Christopher Mantzaris & Ajda Fošner, 2024. "Germany's Tax Revenue and its Total Administrative Cost," Post-Print hal-04792276, HAL.
    3. Elisa Stumpf & Silke Uebelmesser, 2024. "Lifting the Veil of Ignorance – Survey Experiments on Preferences for Wealth Redistribution," CESifo Working Paper Series 11126, CESifo.
    4. Thilo N. H. Albers & Felix Kersting & Timo Stieglitz, 2023. "Industrialization, Returns, Inequality," Rationality and Competition Discussion Paper Series 462, CRC TRR 190 Rationality and Competition.
    5. Daniel Graeber & Viola Hilbert & Johannes König, 2023. "Inequality of Opportunity in Wealth: Levels, Trends, and Drivers," SOEPpapers on Multidisciplinary Panel Data Research 1193, DIW Berlin, The German Socio-Economic Panel (SOEP).
    6. Jakob Kapeller & Stefan Steinerberger, 2025. "Why are there so many power laws in economics?," ICAE Working Papers 160, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    7. Peter Haan & Daniel Kemptner & Victoria Prowse & Maximilian Schaller, 2025. "Insurance, redistribution, and the inequality of lifetime income," Quantitative Economics, Econometric Society, vol. 16(2), pages 565-613, May.
    8. Hanley, Brenda J. & Carstensen, Michelle & Walsh, Daniel P. & Christensen, Sonja A. & Storm, Daniel J. & Booth, James G. & Guinness, Joseph & Them, Cara E. & Ahmed, Md Sohel & Schuler, Krysten L., 2022. "Informing Surveillance through the Characterization of Outbreak Potential of Chronic Wasting Disease in White-Tailed Deer," Ecological Modelling, Elsevier, vol. 471(C).
    9. Maria Coelho & Aieshwarya Davis & Alexander Klemm & Carolina Osorio-Buitron, 2024. "Gendered taxes: the interaction of tax policy with gender equality," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(5), pages 1413-1460, October.
    10. Happel, Jonas & Karabulut, Yigitcan & Schäfer, Larissa & Tüzel, Şelale, 2024. "Shattered housing," Journal of Financial Economics, Elsevier, vol. 156(C).
    11. Rudolf Faininger & Svenja Flechtner, 2025. "Migrant wealth in Germany," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 23(4), pages 1255-1282, December.
    12. Kapeller, Jakob & Leitch, Stuart & Wildauer, Rafael, 2023. "Can a European wealth tax close the green investment gap?," Ecological Economics, Elsevier, vol. 209(C).
    13. Becker, Bastian & Waitkus, Nora, 2025. "Undeserving heirs: how the origins of wealth shape attitudes towards redistribution," LSE Research Online Documents on Economics 128206, London School of Economics and Political Science, LSE Library.
    14. Daniel Chrisendo & Venla Niva & Roman Hoffmann & Sina Masoumzadeh Sayyar & Juan Rocha & Vilma Sandström & Frederick Solt & Matti Kummu, 2025. "Rising income inequality across half of global population and socioecological implications," Nature Sustainability, Nature, vol. 8(12), pages 1601-1613, December.
    15. Gómez-León, María & Gabbuti, Giacomo, 2025. "Wars, Depression, and Fascism: Income Inequality in Italy, 1901-1950," Explorations in Economic History, Elsevier, vol. 98(C).
    16. Mejd Aures BENLALA, 2022. "The Characterization of the Demand Deposit as a Loan under Fractional Reserve Banking: A Critical Legal Analysis," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 11(4), pages 638-649, December.
    17. Wang, Xusheng & Cheng, Tao & Hong, Haoliang & Guo, Hangzuo & Lin, Xi & Yang, Xue & Nie, Binjian & Hu, Zhigang & Zou, Jianxin, 2025. "Challenges and opportunities in hydrogen storage and transportation: A comprehensive review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 219(C).
    18. Christopher Mantzaris & Ajda Fov{s}ner, 2024. "Germany's Tax Revenue and its Total Administrative Cost," Papers 2411.12543, arXiv.org.
    19. Kovács, Olivér, 2023. "Fiskális politika az öröklétnek - államadósság: ördög vagy messiás?* Olivier Blanchard: Fiscal Policy Under Low Interest Rates. MIT Press, 2023, 192 o [Fiscal policy for eternity - public dept: devil or messiah? Olivier Blanchard:Fiscal Policy Und," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 103-110.

  4. Luis Bauluz & Filip Novokmet & Moritz Schularick, 2022. "The Anatomy of the Global Saving Glut," ECONtribute Discussion Papers Series 161, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Klump, Rainer, 2022. "Schulden und Staatlichkeit: Überlegungen zur Politischen Ökonomie des Schuldenstaats," IBF Paper Series 06-22, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    2. Toussaint, Simon J. & de Vicq, Amaury & Moatsos, Michail & van der Valk, Tim, 2025. "Wealth-income ratios in a small, open economy: The Netherlands, 1854–2019," European Economic Review, Elsevier, vol. 178(C).
    3. Waldenström, Daniel, 2024. "Wealth and history: A reappraisal," Explorations in Economic History, Elsevier, vol. 94(C).
    4. Markus Knell, 2023. "Housing and the secular decline in real interest rates (Markus Knell)," Working Papers 251, Oesterreichische Nationalbank (Austrian Central Bank).
    5. Yasmine van der Straten, 2023. "Flooded House or Underwater Mortgage? The Implications of Climate Change and Adaptation on Housing, Income & Wealth," Tinbergen Institute Discussion Papers 23-014/IV, Tinbergen Institute.
    6. Arrigoni, Simone, 2024. "Who gets the flow? Financial globalisation and wealth inequality," Journal of Macroeconomics, Elsevier, vol. 81(C).
    7. Meyer, Timothy, 2025. "Asset price changes, external wealth and global welfare," Journal of International Economics, Elsevier, vol. 157(C).
    8. Kovács, Olivér, 2024. "A reziliencia metamorfózisa [The metamorphosis of resilience]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 408-443.

  5. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2022. "Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860–2020," Working Papers 296, Princeton University, Department of Economics, Center for Economic Policy Studies..

    Cited by:

    1. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2024. "Unemployment risk, portfolio choice, and the racial wealth gap," CRC TR 224 Discussion Paper Series crctr224_2024_508, University of Bonn and University of Mannheim, Germany.
    2. Catherine K Ettman & Gregory H Cohen & Salma M Abdalla & C Ross Hatton & Brian C Castrucci & Rachel H Bork & Sandro Galea, 2024. "Depression and assets during the COVID-19 pandemic: A longitudinal study of mental health across income and savings groups," PLOS ONE, Public Library of Science, vol. 19(6), pages 1-16, June.
    3. Guanyi Yang & Srinivasan Murali, 2024. "Macroeconomics of Racial Disparities: Discrimination, Labor Market, and Wealth," Papers 2412.00615, arXiv.org, revised Apr 2026.
    4. Ettman, Catherine K. & Dewhurst, Emma & Satpathy-Horton, Rajesh & Hatton, C. Ross & Thornburg, Ben & Castrucci, Brian C. & Galea, Sandro, 2025. "Whose assets? Individual and household income and savings and mental health in a longitudinal cohort," Social Science & Medicine, Elsevier, vol. 370(C).
    5. David Sturrock, 2023. "Wealth and welfare across generations," IFS Working Papers W23/15, Institute for Fiscal Studies.
    6. Brown-Iannuzzi, Jazmin L. & Cooley, Erin & Vlasak, Dylan & Lisnek, Jaclyn A. & Lei, Ryan F. & Yeager, Camryn & Elacqua, Nicholas, 2025. "Using a novel “Perceived Self-Group Hierarchy” measure to predict White Americans’ health via feelings of “falling behind”," Social Science & Medicine, Elsevier, vol. 374(C).
    7. Stephen B. Billings & Adam Soliman, 2023. "The erosion of homeownership and minority wealth," CEP Discussion Papers dp1967, Centre for Economic Performance, LSE.
    8. Whittaker, Shannon & Hyacinthe, Marie-Fatima & Keene, Danya & Dulin, Akilah & Kershaw, Trace & Warren, Joshua, 2025. "Race, wealth and health: The role of reparations," Social Science & Medicine, Elsevier, vol. 373(C).
    9. Gupta, Arpit & Hansman, Christopher & Mabille, Pierre, 2025. "Financial constraints and the racial housing gap," Journal of Financial Economics, Elsevier, vol. 173(C).
    10. Campbell, Jeanna, 2025. "Diabetes, obesity, and economic social exclusion (DOSE) syndemic among a nationally representative sample in the United States," Social Science & Medicine, Elsevier, vol. 383(C).

  6. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick, 2022. "What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia," ECONtribute Policy Brief Series 028, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Nils Gornemann & Sebastian Hildebrand & Keith Kuester, 2022. "Limited Energy Supply, Sunspots, and Monetary Policy," ECONtribute Discussion Papers Series 215, University of Bonn and University of Cologne, Germany.
    2. Luisa Corrado & Stefano Grassi & Aldo Paolillo & Francesco Ravazzolo, 2026. "Oil, gas, pandemics, and war: the drivers of inflation," Working Papers EPRG2606, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    3. Panon, Ludovic & Lebastard, Laura & Mancini, Michele & Borin, Alessandro & Essers, Dennis & Linarello, Andrea & Caka, Peonare & Cariola, Gianmarco & Gentili, Elena & Padellini, Tullia & Requena, Franc, 2024. "Inputs in distress: geoeconomic fragmentation and firms’ sourcing," Working Paper Series 2992, European Central Bank.
    4. Chan, Jenny & Diz, Sebastian & Kanngiesser, Derrick, 2022. "Energy Prices and Household Heterogeneity: Monetary Policy in a Gas-TANK," MPRA Paper 115975, University Library of Munich, Germany, revised Dec 2022.
    5. Fabrizio Ferriani & Andrea Gazzani, 2022. "The impact of the war in Ukraine on energy prices: consequences for firms' financial performance," Questioni di Economia e Finanza (Occasional Papers) 729, Bank of Italy, Economic Research and International Relations Area.
    6. Salman, Muhammad, 2025. "Germany’s energy security strategy in times of turmoil: The role of AI-driven energy systems and environmental policy in the Russian gas exit," Energy Policy, Elsevier, vol. 205(C).
    7. Ricardo Hausmann & Ulrich Schetter & Muhammed A. Yildirim, 2022. "On the Design of Effective Sanctions: The Case of Bans on Exports to Russia," CID Working Papers 417, Center for International Development at Harvard University.
    8. Maksym Chepeliev & Thomas Hertel & Dominique van der Mensbrugghe, 2022. "Cutting Russia's fossil fuel exports: Short‐term economic pain for long‐term environmental gain," The World Economy, Wiley Blackwell, vol. 45(11), pages 3314-3343, November.
    9. Sielker Franziska & Dannenberg Peter, 2025. "New economic geographies of war: risks and disruptions in Eurasian transport routes and supply chains through the military conflict in Ukraine," ZFW – Advances in Economic Geography, De Gruyter, vol. 69(1), pages 41-54.
    10. Egan, Paul & Bergin, Adele & O'Toole, Conor, 2023. "The potential impact of the war in Ukraine on the Irish economy," Papers WP759, Economic and Social Research Institute (ESRI).
    11. Dalvit,Nicolo & Iootty De Paiva Dias,Mariana & Melecky,Martin & Srinivasan,Nithya, 2023. "Russia’s Invasion of Ukraine and Firm Performance in Central Asia : The Role of Export Links and Digital Gains," Policy Research Working Paper Series 10557, The World Bank.
    12. Peter K. Kruse-Andersen, 2022. "Climate Policy in the Shadow of National Security," Discussion Papers 22-01, University of Copenhagen. Department of Economics.
    13. Peter Levell & Martin O'Connell & Kate Smith, 2025. "The welfare effects of price shocks and household relief packages: evidence from an energy crisis," IFS Working Papers W25/55, Institute for Fiscal Studies.
    14. Marco Flaccadoro, 2024. "The recent weakness in the German manufacturing sector," Questioni di Economia e Finanza (Occasional Papers) 902, Bank of Italy, Economic Research and International Relations Area.
    15. Erik Braun & Emese Braun & András Gyimesi & Zita Iloskics & Tamás Sebestyén, 2023. "Exposure to trade disruptions in case of the Russia–Ukraine conflict: A product network approach," The World Economy, Wiley Blackwell, vol. 46(10), pages 2950-2982, October.
    16. Paul, Saumik & Sen, Kunal, 2026. "Construction Productivity and Income Convergence," IZA Discussion Papers 18377, IZA Network @ LISER.
    17. Jochen Güntner & Magnus Reif & Maik Wolters & Maik H. Wolters, 2024. "Sudden Stop: Supply and Demand Shocks in the German Natural Gas Market," CESifo Working Paper Series 11191, CESifo.
    18. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick, 2024. "What if? The macroeconomic and distributional effects for Germany of a stop of energy imports from Russia," Economica, London School of Economics and Political Science, vol. 91(364), pages 1157-1200, October.
    19. Bojan Obrenovic & Danijela Godinic & Mato Njavro, 2024. "Sustaining company performance during the war-induced crisis using sourcing capability and substitute input," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(12), pages 30001-30026, December.
    20. Pieroni, Valerio, 2023. "Energy shortages and aggregate demand: Output loss and unequal burden from HANK," European Economic Review, Elsevier, vol. 154(C).
    21. Javier Quintana, 2022. "Economic consequences of a hypothetical suspension of Russia-EU trade," Economic Bulletin, Banco de España, issue 2/2022.
    22. Gutsch, Alexandra & Schult, Christoph, 2026. "The German Energy Crisis: A TENK-based Fiscal Policy Analysis," IWH Discussion Papers 1/2025, Halle Institute for Economic Research (IWH), revised 2026.
    23. Khalil, Makram & Rouillard, Pierre & Strobel, Felix, 2025. "Import tariff transmission in a production network," MPRA Paper 125698, University Library of Munich, Germany.
    24. Daniele Colombo & Francesco Toni, 2025. "Understanding Gas Price Shocks: Elasticities, Volatility and Macroeconomic Transmission," GREDEG Working Papers 2025-20, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    25. Krebs, Tom, 2022. "Economic consequences of a sudden stop of energy imports: The case of natural gas in Germany," ZEW Discussion Papers 22-021, ZEW - Leibniz Centre for European Economic Research, revised 2022.
    26. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Ben Mcwilliams & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick & Georg Zachmann, 2022. "How it can be done," Sciences Po Economics Publications (main) hal-03880930, HAL.
      • Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Ben McWilliams & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick & Georg Zachmann, 2022. "How it can be done," ECONtribute Policy Brief Series 034, University of Bonn and University of Cologne, Germany.
      • Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Ben Mcwilliams & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick & Georg Zachmann, 2022. "How it can be done," Working Papers hal-03880930, HAL.
    27. Mavrigiannakis, Konstantinos & Sakkas, Stelios, 2024. "EU sanctions on Russia and implications for a small open economy: the case of Cyprus," LSE Research Online Documents on Economics 125336, London School of Economics and Political Science, LSE Library.
    28. Lionel Fontagné & Philippe Martin & Gianluca Orefice, 2023. "The Many Channels of Firm’s Adjustment to Energy Shocks: Evidence from France," Working Papers DT/2023/05, DIAL (Développement, Institutions et Mondialisation).
    29. Fetzer, Thiemo & Palmou, Christina & Schneebacher, Jakob, 2024. "How do firms cope with economic shocks in real time?," CAGE Online Working Paper Series 722, Competitive Advantage in the Global Economy (CAGE).
    30. Christian Bayer & Felix Bierbrauer & Axel Ockenfels & Matthias Sutter, 2025. "ECONtribute: Markets & Public Policy: Agenda und ausgewählte Forschungsschwerpunkte," ECONtribute Discussion Papers Series 352, University of Bonn and University of Cologne, Germany.
    31. Christopher Clayton & Matteo Maggiori & Jesse Schreger, 2026. "A Framework for Geoeconomics," Econometrica, Econometric Society, vol. 94(1), pages 105-136, January.
    32. Borin, Alessandro & Conteduca, Francesco Paolo & Di Stefano, Enrica & Gunnella, Vanessa & Mancini, Michele & Panon, Ludovic, 2023. "Trade decoupling from Russia," International Economics, Elsevier, vol. 175(C), pages 25-44.
    33. Thomas R. Cook & Amaze Lusompa & Jun Nie, 2022. "Disruptions to Russian Energy Supply Likely to Weigh on European Output," Economic Bulletin, Federal Reserve Bank of Kansas City, issue November , pages 1-4, November.
    34. Horn, Gustav A., 2024. "Wirtschaftspolitik in der Zeitenwende," Working Paper Forschungsförderung 332, Hans-Böckler-Stiftung, Düsseldorf.
    35. Di Bella, Gabriel & Flanagan, Mark & Foda, Karim & Maslova, Svitlana & Pienkowski, Alex & Stuermer, Martin & Toscani, Frederik, 2024. "Natural gas in Europe: The potential impact of disruptions to supply," Energy Economics, Elsevier, vol. 138(C).
    36. Alexander Sandkamp, 2022. "Reshoring by Decree? The Effects of Decoupling Europe from Global Value Chains," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(6), pages 359-362, November.
    37. Attinasi, Maria Grazia & Boeckelmann, Lukas & Meunier, Baptiste, 2023. "The economic costs of supply chain decoupling," Working Paper Series 2839, European Central Bank.
    38. Hornbach, Jens & Rammer, Christian, 2024. "Energy price shocks and short-time reactions of firms: The case of the german energy crisis in 2022," ZEW Discussion Papers 24-075, ZEW - Leibniz Centre for European Economic Research.
    39. Hinterlang, Natascha & Jäger, Marius & Stähler, Nikolai & Strobel, Johannes, 2024. "On curbing the rise in energy prices: An examination of different mitigation approaches," Discussion Papers 09/2024, Deutsche Bundesbank.
    40. Veronika Grimm & Andreas Löschel & Karen Pittel, 2022. "Die Folgen eines russischen Erdgasembargos [The Consequences of an Embargo on Russian Gas]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(4), pages 251-255, April.
    41. Adolfsen, Jakob Feveile & Ferrari Minesso, Massimo & Mork, Jente Esther & Van Robays, Ine, 2024. "Gas price shocks and euro area inflation," Working Paper Series 2905, European Central Bank.
    42. Alessandro Borin & Francesco Paolo Conteduca & Enrica Di Stefano & Vanessa Gunnella & Michele Mancini & Ludovic Panon, 2022. "Quantitative assessment of the economic impact of the trade disruptions following the Russian invasion of Ukraine," Questioni di Economia e Finanza (Occasional Papers) 700, Bank of Italy, Economic Research and International Relations Area.
    43. Anton Pichler & Jan Hurt & Tobias Reisch & Johannes Stangl & Stefan Thurner, 2024. "Economic impacts of a drastic gas supply shock and short-term mitigation strategies," Papers 2409.07981, arXiv.org.
    44. Mohr, Cathrin & Trebesch, Christoph, 2025. "Geoeconomics," Kiel Working Papers 2279, Kiel Institute for the World Economy.
    45. Benjamin Moll & Moritz Schularick & Georg Zachmann, 2023. "The Power of Substitution: The Great German Gas Debate in Retrospect," Post-Print hal-05448958, HAL.
    46. Becko, John Sturm, 2024. "A theory of economic sanctions as terms-of-trade manipulation," Journal of International Economics, Elsevier, vol. 150(C).
    47. de Souza, Gustavo & Hu, Naiyuan & Li, Haishi & Mei, Yuan, 2024. "(Trade) War and peace: How to impose international trade sanctions," Journal of Monetary Economics, Elsevier, vol. 146(C).
    48. Markus Dertwinkel-Kalt & Christian Wey, 2022. "Why “Energy Price Brakes” Encourage Moral Hazard, Raise Energy Prices, and Reinforce Energy Savings," CESifo Working Paper Series 10163, CESifo.
    49. Hinterlang, Natascha & Jäger, Marius & Stähler, Nikolai & Strobel, Johannes, 2025. "Transfers or subsidies? Comparing mitigation strategies for energy price shocks in a production network model," Economic Modelling, Elsevier, vol. 152(C).
    50. Daniele Colombo & Francesco Toni, 2025. "Understanding Gas Price Shocks: Elasticities, Volatilities, and Macroeconomic Transmission," LEM Papers Series 2025/20, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    51. Sandu Mihai, 2025. "Evolution of Gas Prices - From the Start of the War in Ukraine to Today," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 19(1), pages 4766-4778.
    52. Bobasu, Alina & Dobrew, Michael & Repele, Amalia, 2024. "Energy price shocks, monetary policy and inequality," Working Paper Series 2967, European Central Bank.
    53. Sigit Perdana & Marc Vielle & Maxime Schenckery, 2022. "European Economic impacts of cutting energy imports from Russia : A computable general equilibrium analysis," Post-Print hal-03887431, HAL.
    54. Vasily Astrov & Mahdi Ghodsi & Richard Grieveson & Mario Holzner & Artem Kochnev & Michael Landesmann & Olga Pindyuk & Robert Stehrer & Maryna Tverdostup & Alexandra Bykova, 2022. "Russia’s invasion of Ukraine: assessment of the humanitarian, economic, and financial impact in the short and medium term," International Economics and Economic Policy, Springer, vol. 19(2), pages 331-381, May.
    55. Gradzewicz, Michał & Jabłonowski, Janusz & Sasiela, Michał & Żółkiewski, Zbigniew, 2024. "The impact of energy price increases on the Polish economy," Energy Economics, Elsevier, vol. 140(C).
    56. Fetzer, Thiemo & Lambert, Peter John & Feld, Bennet & Garg, Prashant, 2024. "AI-Generated Production Networks: Measurement and Applications to Global Trade," CAGE Online Working Paper Series 733, Competitive Advantage in the Global Economy (CAGE).
    57. Attinasi, M.-G. & Boeckelmann, L. & de Castro Martins, B. & Meunier, B. & Borin, A. & Conteduca, F.P. & Mancini, M., 2025. "Supply chain decoupling in green products: A granular input-output analysis," Energy Economics, Elsevier, vol. 149(C).
    58. Nils M. Gornemann & Sebastian Hildebrand & Keith Kuester, 2024. "Limited (Energy) Supply, Monetary Policy, and Sunspots," International Finance Discussion Papers 1395, Board of Governors of the Federal Reserve System (U.S.).
    59. Simone Emiliozzi & Fabrizio Ferriani & Andrea Gazzani, 2023. "The European energy crisis and the consequences for the global natural gas market," Questioni di Economia e Finanza (Occasional Papers) 824, Bank of Italy, Economic Research and International Relations Area.
    60. Bobasu, Alina & Ciccarelli, Matteo & Notarpietro, Alessandro & Ambrocio, Gene & Auer, Simone & Bonfim, Diana & Bottero, Margherita & Brázdik, František & Buss, Ginters & Byrne, David & Casalis, André , 2025. "Monetary policy transmission: a reference guide through ESCB models and empirical benchmarks," Occasional Paper Series 377, European Central Bank.
    61. Jakub Sokolowski & Marek Antosiewicz & Piotr Lewandowski, 2022. "The economic effects of stopping Russian energy Import in Poland," IBS Research Reports 01/2022, Instytut Badan Strukturalnych.
    62. Christopher Clayton & Matteo Maggiori & Jesse Schreger, 2025. "Putting Economics Back into Geoeconomics," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, pages 23-87, National Bureau of Economic Research, Inc.
    63. Jochen Güntner & Michael Irlacher & Peter Öhlinger, 2023. "Not All Oil Types Are Alike," CESifo Working Paper Series 10652, CESifo.
    64. Martin Bernstein & Josefin Meyer & Kevin O’Rourke & Moritz Schularick, 2025. "Economic Insecurity: Trade Dependencies and Their Weaponization in History," Discussion Papers of DIW Berlin 2148, DIW Berlin, German Institute for Economic Research.
    65. Trebesch, Christoph & Antezza, Arianna & Bushnell, Katelyn & Frank, André & Frank, Pascal & Franz, Lukas & Kharitonov, Ivan & Kumar, Bharath & Rebinskaya, Ekaterina & Schramm, Stefan, 2023. "The Ukraine Support Tracker: Which countries help Ukraine and how?," Kiel Working Papers 2218, Kiel Institute for the World Economy, revised 2023.
    66. Gnocato, Nicolò, 2025. "Energy price shocks, unemployment, and monetary policy," Journal of Monetary Economics, Elsevier, vol. 151(C).
    67. Yasuyuki TODO, 2025. "Reconsidering Supply Chains and Industrial Policy from the Economic Security Perspective," Policy Discussion Papers 25005, Research Institute of Economy, Trade and Industry (RIETI).
    68. Piergiorgio Alessandri & Andrea Gazzani, 2023. "Natural gas and the macroeconomy: not all energy shocks are alike," Temi di discussione (Economic working papers) 1428, Bank of Italy, Economic Research and International Relations Area.
    69. Brunsch, Daniel & Radek, Julian & Ostmeier, Lars & Weber, Christoph, 2025. "Midterm perspectives on natural gas after the European gas crisis: Reviewing German energy transition studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 210(C).
    70. Clemens, Marius & Röger, Werner, 2024. "What is the difference between fossil fuel embargo and price shocks?," Energy Economics, Elsevier, vol. 132(C).
    71. Benjamin Moll & Moritz Schularick & Georg Zachmann, 2023. "Nicht einmal eine Rezession: Die große deutsche Gasdebatte im Rückblick," ECONtribute Policy Brief Series 048, University of Bonn and University of Cologne, Germany.
    72. Dertwinkel-Kalt, Markus & Wey, Christian, 2023. "Why Germany's Gas Price Brake Encourages Moral Hazard and Raises Gas Prices," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277575, Verein für Socialpolitik / German Economic Association.
    73. Ciola, Emanuele & Turco, Enrico & Gurgone, Andrea & Bazzana, Davide & Vergalli, Sergio & Menoncin, Francesco, 2023. "Enter the MATRIX model:a Multi-Agent model for Transition Risks with application to energy shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    74. Fujiy,Brian C. & Ghose,Devaki & Khanna,Gaurav, 2024. "Production Networks and Firm-level Elasticities of Substitution," Policy Research Working Paper Series 10782, The World Bank.
    75. Johan Gars & Daniel Spiro & Henrik Wachtmeister, 2025. "Winners and losers of a Russian oil-export restriction," Public Choice, Springer, vol. 205(3), pages 387-417, December.
    76. Birkholz, Carlo & Kraus, Margit, 2022. "Die Energiekrise im Standortvergleich: Preiseffekte und Importrisiken. Sonderstudie zum Länderindex Familienunternehmen," Studien, Stiftung Familienunternehmen / Foundation for Family Businesses, number 262218.
    77. Ghaemi Asl, Mahdi & Ben Jabeur, Sami, 2024. "Could the Russia-Ukraine war stir up the persistent memory of interconnectivity among Islamic equity markets, energy commodities, and environmental factors?," Research in International Business and Finance, Elsevier, vol. 69(C).
    78. Beata Javorcik & Lucas Kitzmüller & Helena Schweiger & Muhammed A. Yıldırım, 2024. "Economic costs of friendshoring," The World Economy, Wiley Blackwell, vol. 47(7), pages 2871-2908, July.
    79. Avdeenko, Alexandra & Kaiser, Maximilian & Kis-Katos, Krisztina & Reher, Leonie, 2026. "Sanctions, sales, and stigma: Intermediary online firms’ market role in sustaining trade," Journal of International Economics, Elsevier, vol. 159(C).
    80. Dräger, Lena & Gründler, Klaus & Potrafke, Niklas, 2025. "Political shocks and inflation expectations: Evidence from the 2022 Russian invasion of Ukraine," Journal of International Economics, Elsevier, vol. 153(C).
    81. Javier Bianchi & Cesar Sosa-Padilla, 2022. "On Wars, Sanctions and Sovereign Default," Working Papers 151, Red Nacional de Investigadores en Economía (RedNIE).
    82. Georg Zachmann & Guntram B. Wolff & Agata Łoskot-Strachota & Simone Tagliapietra & Axel Ockenfels & Ricardo Hausmann & Ulrich Schetter, 2022. "Cutting Putin’s energy rent- ‘smart sanctioning’ Russian oil and gas," Bruegel Working Papers 48117, Bruegel.
    83. Mats Kröger & Karsten Neuhoff & Sebastian Schwenen, 2025. "Contracts in Crisis: The War in Ukraine and Long-Term Contracts in Energy Markets," Discussion Papers of DIW Berlin 2118, DIW Berlin, German Institute for Economic Research.
    84. David Rezza Baqaee & Emmanuel Farhi, 2024. "Networks, Barriers, and Trade," Econometrica, Econometric Society, vol. 92(2), pages 505-541, March.
    85. Sophie M. Behr & Till Köveker & Merve Kücük, 2025. "Understanding Energy Savings in a Crisis: The Role of Prices and Non-monetary Factors," Discussion Papers of DIW Berlin 2112, DIW Berlin, German Institute for Economic Research.
    86. Baqaee, David & Hinz, Julian & Moll, Benjamin & Schularick, Moritz & Teti, Feodora A. & Wanner, Joschka & Yang, Sihwan, 2024. "Was wäre wenn? Die Auswirkungen einer harten Abkopplung von China auf die deutsche Wirtschaft [What if? The effects of a hard decoupling from China on the German economy]," Kiel Policy Briefs 170, Kiel Institute for the World Economy.
    87. Karl-Martin Ehrhart & Ingmar Schlecht & Jan Schmitz & Runxi Wang, 2024. "A Game-Theoretic Analysis of the Interaction Between Embargoes, Price Caps and Tariffs in EU-Russia Gas Trade," Journal of Industry, Competition and Trade, Springer, vol. 24(1), pages 1-24, December.
    88. Braakmann, Nils & Dursun, Bahadir & Pickard, Harry, 2023. "Energy Price Shocks and the Demand for Energy-Efficient Housing: Evidence from Russia's Invasion of Ukraine," IZA Discussion Papers 15959, IZA Network @ LISER.
    89. Baqaee, David & Hinz, Julian & Moll, Benjamin & Schularick, Moritz & Teti, Feodora A. & Wanner, Joschka & Yang, Sihwan, 2024. "What if? The effects of a hard decoupling from China on the German economy," Kiel Policy Briefs 170, Kiel Institute for the World Economy.
    90. Jérémi Montornès & Alexandre Bourgeois, 2025. "Made in France and Reshoring in Multi-Regional Input-Output Tables," Working papers 992, Banque de France.
    91. Kremer, Elise & Reissl, Severin & Fierro, Luca E. & Emmerling, Johannes & Lamperti, Francesco & Roventini, Andrea, 2025. "Energy price shocks in the European Union: Macroeconomic impacts, distributional effects and policy responses," Energy Economics, Elsevier, vol. 152(C).
    92. Toda, Alexis Akira & Walsh, Kieran James, 2024. "Recent advances on uniqueness of competitive equilibrium," Journal of Mathematical Economics, Elsevier, vol. 113(C).
    93. Berezka Kateryna M. & Kovalchuk Olha Ya., 2023. "Associative Rules for Modeling International Security Decisions in the Context of the Ukrainian-Russian War. Preliminary Evaluations," Folia Oeconomica Stetinensia, Sciendo, vol. 23(2), pages 67-85, December.

  7. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2022. "Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020," ECONtribute Discussion Papers Series 168, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Govind, Yajna, 2025. "Post-colonial trends of income inequality: Evidence from the overseas departments of France," World Development, Elsevier, vol. 194(C).
    2. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2024. "Unemployment risk, portfolio choice, and the racial wealth gap," CRC TR 224 Discussion Paper Series crctr224_2024_508, University of Bonn and University of Mannheim, Germany.
    3. Catherine K Ettman & Gregory H Cohen & Salma M Abdalla & C Ross Hatton & Brian C Castrucci & Rachel H Bork & Sandro Galea, 2024. "Depression and assets during the COVID-19 pandemic: A longitudinal study of mental health across income and savings groups," PLOS ONE, Public Library of Science, vol. 19(6), pages 1-16, June.
    4. Waitkus, Nora & Savage, Mike & Toft, Maren, 2025. "Wealth and class analysis: exploitation, closure and exclusion," LSE Research Online Documents on Economics 124534, London School of Economics and Political Science, LSE Library.
    5. Guanyi Yang & Srinivasan Murali, 2024. "Macroeconomics of Racial Disparities: Discrimination, Labor Market, and Wealth," Papers 2412.00615, arXiv.org, revised Apr 2026.
    6. LaVoice, Jessica & Vamossy, Domonkos F., 2024. "Racial disparities in debt collection," Journal of Banking & Finance, Elsevier, vol. 164(C).
    7. Woo-Mora, L. Guillermo, 2026. "Unveiling the Cosmic Race: Skin tone and intergenerational economic disparities in Latin America and the Caribbean," Journal of Development Economics, Elsevier, vol. 179(C).
    8. Ettman, Catherine K. & Dewhurst, Emma & Satpathy-Horton, Rajesh & Hatton, C. Ross & Thornburg, Ben & Castrucci, Brian C. & Galea, Sandro, 2025. "Whose assets? Individual and household income and savings and mental health in a longitudinal cohort," Social Science & Medicine, Elsevier, vol. 370(C).
    9. David Sturrock, 2023. "Wealth and welfare across generations," IFS Working Papers W23/15, Institute for Fiscal Studies.
    10. Brown-Iannuzzi, Jazmin L. & Cooley, Erin & Vlasak, Dylan & Lisnek, Jaclyn A. & Lei, Ryan F. & Yeager, Camryn & Elacqua, Nicholas, 2025. "Using a novel “Perceived Self-Group Hierarchy” measure to predict White Americans’ health via feelings of “falling behind”," Social Science & Medicine, Elsevier, vol. 374(C).
    11. Dang, Thang, 2025. "Long-lasting consequences of being targeted," World Development, Elsevier, vol. 195(C).
    12. Jonathan Cribb & Laurence O'Brien & David Sturrock, 2025. "Ethnic differences in retirement wealth accumulation in the UK," IFS Working Papers W25/02, Institute for Fiscal Studies.
    13. Stephen B. Billings & Adam Soliman, 2023. "The erosion of homeownership and minority wealth," CEP Discussion Papers dp1967, Centre for Economic Performance, LSE.
    14. Whittaker, Shannon & Hyacinthe, Marie-Fatima & Keene, Danya & Dulin, Akilah & Kershaw, Trace & Warren, Joshua, 2025. "Race, wealth and health: The role of reparations," Social Science & Medicine, Elsevier, vol. 373(C).
    15. Léo Czajka & Amory Gethin, 2025. "Racial Inequality and Redistribution in Post-Apartheid South Africa," Working Papers 040, EU Tax Observatory.
    16. Branson, Nicola & Hjellbrekke, Johs & Leibbrandt, Murray & Ranchhod, Vimal & Savage, Mike & Whitelaw, Emma, 2024. "The socioeconomic dimensions of racial inequality in South Africa: a social space perspective," LSE Research Online Documents on Economics 123895, London School of Economics and Political Science, LSE Library.
    17. Gupta, Arpit & Hansman, Christopher & Mabille, Pierre, 2025. "Financial constraints and the racial housing gap," Journal of Financial Economics, Elsevier, vol. 173(C).
    18. Thomas Blanchet, 2022. "Uncovering the Dynamics of the Wealth Distribution," Papers 2211.15509, arXiv.org.
    19. Karger, Ezra & Wray, Anthony, 2024. "The Black–white lifetime earnings gap," Explorations in Economic History, Elsevier, vol. 94(C).
    20. Rudolf Faininger & Svenja Flechtner, 2025. "Migrant wealth in Germany," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 23(4), pages 1255-1282, December.
    21. Doerrenberg, Philipp & Duncan, Denvil & Li, Danyang, 2024. "The (in)visible hand: Do workers discriminate against employers?," Journal of Public Economics, Elsevier, vol. 231(C).
    22. Elizabeth Linos & Sanaz Mobasseri & Nina Roussille, 2025. "Intersectional Peer Effects at Work: The Effect of White Coworkers on Black Women’s Careers," Management Science, INFORMS, vol. 71(9), pages 7600-7630, September.
    23. Tan, Eugene & Zeida, Teegawende H., 2024. "Consumer demand and credit supply as barriers to growth for Black-owned startups," Journal of Monetary Economics, Elsevier, vol. 143(C).
    24. Campbell, Jeanna, 2025. "Diabetes, obesity, and economic social exclusion (DOSE) syndemic among a nationally representative sample in the United States," Social Science & Medicine, Elsevier, vol. 383(C).
    25. Brunet, Gillian & Hilt, Eric & Jaremski, Matthew, 2025. "‘Invest!’: Liberty bonds and stock ownership over the twentieth century," Journal of Financial Intermediation, Elsevier, vol. 64(C).
    26. Waitkus, Nora & Savage, Mike & Toft, Maren, 2024. "Wealth and class analysis: exploitation, closure and exclusion," LSE Research Online Documents on Economics 124635, London School of Economics and Political Science, LSE Library.
    27. Alina Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    28. Doxey, Alison & Karger, Ezra & Nencka, Peter, 2026. "High Schools and the Uneven Rise in American Opportunity," IZA Discussion Papers 18580, IZA Network @ LISER.

  8. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2022. "Interest Rates and the Spatial Polarization of Housing Markets," ECONtribute Discussion Papers Series 212, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Katja Gehr & Linus Kraft & Michael Pflüger, 2026. "Housing in Big Cities: The Capitalization Premium," CESifo Working Paper Series 12430, CESifo.
    2. Paz-Pardo, Gonzalo & Castellanos, Juan & Hannon, Andrew, 2024. "The aggregate and distributional implications of credit shocks on housing and rental markets," Working Paper Series 2977, European Central Bank.
    3. Tarne, Ruben & Bezemer, Dirk, 2025. "Roof or real estate? An agent-based model of housing affordability in The Netherlands," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 163-178.
    4. Zhandos Ybrayev & Yernur Orakbayev & Askar Utarbayev, 2024. "Yield Curves for Main Street: Housing and financial capital returns in a developing economy," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 32(1), pages 165-182, January.
    5. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2025. "Superstar Returns? Spatial Heterogeneity in Returns to Housing," Post-Print hal-05448313, HAL.

  9. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick, 2022. "Was wäre, wenn...? Die wirtschaftlichen Auswirkungen eines Importstopps russischer Energie auf Deutschland," ECONtribute Policy Brief Series 029, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Berger, Eva M. & Bialek, Sylwia & Garnadt, Niklas & Grimm, Veronika & Other, Lars & Salzmann, Leonard & Schnitzer, Monika & Truger, Achim & Wieland, Volker, 2022. "A potential sudden stop of energy imports from Russia: Effects on energy security and economic output in Germany and the EU," IMFS Working Paper Series 166, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    2. Koenen, Michelle & Kunath, Gero & Obst, Thomas, 2022. "Europa an der Schwelle zur Rezession? Wirtschaftliche Auswirkungen der Corona-Pandemie und des Ukraine-Kriegs," IW-Reports 40/2022, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    3. Kamin Katrin & Langhammer Rolf J., 2025. "Die geoökonomischen Herausforderungen der deutschen Wirtschaft meistern," Wirtschaftsdienst, Sciendo, vol. 105(1), pages 48-53.
    4. Frondel, Manuel & Schmidt, Christoph M., 2022. "Stopp des Bezugs von russischem Gas birgt erhebliche Risiken," RWI Positionen 81, RWI - Leibniz-Institut für Wirtschaftsforschung.
    5. Dirks, Maximilian W., 2025. "When two quarrel, the third rejoices: Windfall FDI and the early winners of the Russian-Ukrainian war," Ruhr Economic Papers 1161, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

  10. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Ben McWilliams & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick & Georg Zachmann, 2022. "Wie es zu schaffen ist," ECONtribute Policy Brief Series 034, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Ockenfels, Axel & Wambach, Achim, 2022. "Was tun, wenn der Markt kollabiert?," ZEW policy briefs 5/2022, ZEW - Leibniz Centre for European Economic Research.
    2. Moll, Ben, 2022. "Volle Speicher reichen nicht die Fixierung auf die Speicherfüllstände verstellt den Blick auf das Wesentliche: weniger Gas zu verbrauchen," LSE Research Online Documents on Economics 116667, London School of Economics and Political Science, LSE Library.
    3. Fremerey, Melinda & Gerards Iglesias, Simon, 2022. "Steuerbegünstigungen für Gas in Zeiten von Gasmangel," IW-Kurzberichte 69/2022, Institut der deutschen Wirtschaft (IW) / German Economic Institute.

  11. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Ben McWilliams & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick & Georg Zachmann, 2022. "How it can be done," ECONtribute Policy Brief Series 034, University of Bonn and University of Cologne, Germany.
    • Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Ben Mcwilliams & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick & Georg Zachmann, 2022. "How it can be done," Sciences Po Economics Publications (main) hal-03880930, HAL.
    • Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Ben Mcwilliams & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick & Georg Zachmann, 2022. "How it can be done," Working Papers hal-03880930, HAL.

    Cited by:

    1. Hinterlang, Natascha & Jäger, Marius & Stähler, Nikolai & Strobel, Johannes, 2024. "On curbing the rise in energy prices: An examination of different mitigation approaches," Discussion Papers 09/2024, Deutsche Bundesbank.
    2. Hinterlang, Natascha & Jäger, Marius & Stähler, Nikolai & Strobel, Johannes, 2025. "Transfers or subsidies? Comparing mitigation strategies for energy price shocks in a production network model," Economic Modelling, Elsevier, vol. 152(C).
    3. McWilliams, Ben & Sgaravatti, Giovanni & Tagliapietra, Simone & Zachmann, Georg, 2023. "How would the European Union fare without Russian energy?," Energy Policy, Elsevier, vol. 174(C).
    4. Braakmann, Nils & Dursun, Bahadir & Pickard, Harry, 2023. "Energy Price Shocks and the Demand for Energy-Efficient Housing: Evidence from Russia's Invasion of Ukraine," IZA Discussion Papers 15959, IZA Network @ LISER.

  12. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Finance and Economics Discussion Series 2022-006, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Björn Richter & Dmitry Kuvshinov & Gabriel Jiménez & José-Luis Peydró, 2022. "Monetary Policy, Inflation, and Crises: New Evidence from History and Administrative Data," Working Papers 1378, Barcelona School of Economics.
    2. Apostolakis, George N. & Giannellis, Nikolaos, 2024. "Asymmetric effects of monetary policy shocks on financial stability," The Journal of Economic Asymmetries, Elsevier, vol. 30(C).
    3. Dimitrios Kanelis & Pierre L. Siklos, 2025. "The ECB press conference statement: deriving a new sentiment indicator for the euro area," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 652-664, January.
    4. Bochmann, Paul & Dieckelmann, Daniel & Fahr, Stephan & Ruzicka, Josef, 2023. "Financial stability considerations in the conduct of monetary policy," Working Paper Series 2870, European Central Bank.
    5. Huang, Yu-Fan & Liao, Wenting & Luo, Sui & Ma, Jun, 2024. "Financial conditions, macroeconomic uncertainty, and macroeconomic tail risks," Journal of Economic Dynamics and Control, Elsevier, vol. 163(C).
    6. Michael T. Kiley & Frederic S. Mishkin, 2024. "Central Banking Post Crises," Finance and Economics Discussion Series 2024-035, Board of Governors of the Federal Reserve System (U.S.).
    7. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    8. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    9. Chavleishvili, Sulkhan & Kremer, Manfred & Lund-Thomsen, Frederik, 2023. "Quantifying financial stability trade-offs for monetary policy: a quantile VAR approach," Working Paper Series 2833, European Central Bank.
    10. Tihana Škrinjarić & Maja Sabol, 2023. "Easier said than done: Predicting downside risks to house prices in Croatia," Working Papers 73, The Croatian National Bank, Croatia.
    11. Albertazzi, Ugo & Hooft, James ’t & Ter Steege, Lucas, 2025. "The causal effect of inflation on financial stability, evidence from history," Working Paper Series 3108, European Central Bank.
    12. Tihana Škrinjarić, 2023. "Macroprudential stance assessment: problems of measurement, literature review and some comments for the case of Croatia," Working Papers 72, The Croatian National Bank, Croatia.
    13. Nicolò Bandera & Jacob Stevens, 2024. "Monetary policy consequences of financial stability interventions: assessing the UK LDI crisis and the central bank policy response," Bank of England working papers 1070, Bank of England.
    14. Egan, Paul & McQuinn, Kieran & O'Toole, Conor, 2024. "How supply and demand affect national house prices: The case of Ireland," Journal of Housing Economics, Elsevier, vol. 65(C).

  13. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Paul Wachtel, 2021. "Monetary Policy and Racial Inequality," ECONtribute Discussion Papers Series 061, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Guanyi Yang & Srinivasan Murali, 2024. "Macroeconomics of Racial Disparities: Discrimination, Labor Market, and Wealth," Papers 2412.00615, arXiv.org, revised Apr 2026.
    2. Edmond Berisha & Ram Sewak Dubey & Eric Olson, 2022. "Monetary policy and the racial wage gap," Papers 2203.03565, arXiv.org.
    3. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Paul Wachtel, 2021. "Monetary Policy and Racial Inequality," ECONtribute Policy Brief Series 014, University of Bonn and University of Cologne, Germany.
    4. Bartscher, Alina K. & Kuhn, Moritz & Schularick, Moritz & Steins, Ulrike I., 2025. "The distribution of household debt in the United States, 1950-2022," Open Access Publications from Kiel Institute for the World Economy 318398, Kiel Institute for the World Economy.
    5. Bennani, Hamza, 2023. "Effect of monetary policy shocks on the racial unemployment rates in the US," Economic Systems, Elsevier, vol. 47(1).
    6. Immaculate Machasio & Peter Tillmann, 2023. "Remittance flows and US monetary policy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 545-561, August.
    7. Bartscher, Alina K. & Kuhn, Moritz & Schularick, Moritz & Steins, Ulrike I., 2025. "The distribution of household debt in the United States, 1950-2022," Open Access Publications from Kiel Institute for the World Economy 323602, Kiel Institute for the World Economy.
    8. Gerardi, Kristopher & Willen, Paul S. & Zhang, David Hao, 2023. "Mortgage prepayment, race, and monetary policy," Journal of Financial Economics, Elsevier, vol. 147(3), pages 498-524.
    9. Mohammed Ait Lahcen & Garth Baughman & Hugo van Buggenum, 2023. "Racial unemployment gaps and the disparate impact of the inflation tax," ECON - Working Papers 433, Department of Economics - University of Zurich.
    10. Jermaine Toney, 2022. "Is there wealth stability across generations in the U.S.? Evidence from panel study, 1984–2017," Contemporary Economic Policy, Western Economic Association International, vol. 40(4), pages 551-567, October.
    11. Katya Kartashova & Xiaoqing Zhou, 2021. "Wealth Inequality and Return Heterogeneity During the COVID-19 Pandemic," Working Papers 2114, Federal Reserve Bank of Dallas.
    12. Elder, John & Payne, James E., 2023. "Racial and ethnic disparities in unemployment and oil price uncertainty," Energy Economics, Elsevier, vol. 119(C).
    13. Gupta, Arpit & Hansman, Christopher & Mabille, Pierre, 2025. "Financial constraints and the racial housing gap," Journal of Financial Economics, Elsevier, vol. 173(C).
    14. Ume, Ejindu S., 2025. "Racial disparities and monetary policy: Evidence from augmented Taylor rules," Economics Letters, Elsevier, vol. 257(C).
    15. Bartscher, Alina K. & Kuhn, Moritz & Schularick, Moritz & Steins, Ulrike I., 2025. "The distribution of household debt in the United States, 1950-2022," Open Access Publications from Kiel Institute for the World Economy 324154, Kiel Institute for the World Economy.
    16. Nittai K. Bergman & David Matsa & Michael Weber & Michael Weber, 2022. "Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth," CESifo Working Paper Series 9512, CESifo.
    17. Argudo, Esteban, 2025. "The effects of monetary policy on immigrants’ unemployment and participation," Economics Letters, Elsevier, vol. 255(C).
    18. Petreski, Marjan & Tanevski, Stefan & Jacobo, Alejandro D., 2025. "Monetary policy and labor market dynamics: A gender perspective from developing economies," Journal of Policy Modeling, Elsevier, vol. 47(5), pages 999-1020.
    19. Cobus Vermeulen, 2023. "The inherent uncertainties in output gap estimation a South African perspective," Working Papers 11051, South African Reserve Bank.
    20. Albert, Juan-Francisco & Gómez-Fernández, Nerea, 2024. "The impact of monetary policy shocks on net worth and consumption across races in the United States," Economic Systems, Elsevier, vol. 48(1).
    21. Anastasia Burya & Rui Mano & Mr. Yannick Timmer & Miss Anke Weber, 2022. "Monetary Policy Under Labor Market Power," IMF Working Papers 2022/128, International Monetary Fund.
    22. Moritz Kuhn & José-Víctor Ríos-Rull, 2025. "Income and Wealth Inequality in the United States: An Update Including the 2022 Wave," CRC TR 224 Discussion Paper Series crctr224_2025_708, University of Bonn and University of Mannheim, Germany.
    23. Marjan Petreski & Stefan Tanevski & Alejandro D. Jacobo, 2024. "Monetary Policy and the Gendered Labor Market Dynamics: Evidence from Developing Economies," Papers 2402.05729, arXiv.org.
    24. D'Acunto, Francesco & Fuster, Andreas & Weber, Michael, 2021. "Diverse Policy Committees Can Reach Underrepresented Groups," LawFin Working Paper Series 21, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    25. Christian Bayer & Luis Calderon & Moritz Kuhn, 2025. "Distributional Dynamics," CRC TR 224 Discussion Paper Series crctr224_2025_625, University of Bonn and University of Mannheim, Germany.
    26. Dubravko Mihaljek, 2021. "Interactions between fiscal and monetary policies: a brief history of a long relationship," Public Sector Economics, Institute of Public Finance, vol. 45(4), pages 419-432.
    27. Kuhn, Florian & Chanci, Luis, 2024. "Racial disparities in labor outcomes: The effects of hiring discrimination over the business cycle," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 801-817.
    28. Fatima Mboup, 2023. "Economic Activity by Race," Working Papers 23-16, Federal Reserve Bank of Philadelphia.

  14. Moritz Schularick, 2021. "Corporate indebtedness and macroeconomic stabilisation from a long-term perspective," ECONtribute Policy Brief Series 024, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Holm-Hadulla, Fédéric & Thürwächter, Claire, 2024. "Granular shocks to corporate leverage and the macroeconomic transmission of monetary policy," Working Paper Series 2891, European Central Bank.
    2. Beck, Thorsten & Peltonen, Tuomas & Perotti, Enrico & Sánchez Serrano, Antonio & Suarez, Javier, 2023. "Corporate credit and leverage in the EU: recent evolution, main drivers and financial stability implications," Report of the Advisory Scientific Committee 14, European Systemic Risk Board.
    3. Yoshibumi Makabe & Tomoyuki Yagi, 2024. "Firms' Interest Payment Burden and Productivity under a Low Interest Rate Environment," Bank of Japan Working Paper Series 24-E-20, Bank of Japan.
    4. Kotone Yamada & Yukio Minoura & Jouchi Nakajima & Tomoyuki Yagi, 2023. "Corporate Finance Facility and Resource Allocation: Research Trends and Developments during the Spread of COVID-19," Bank of Japan Working Paper Series 23-E-1, Bank of Japan.

  15. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2021. "Superstar Returns," ECONtribute Discussion Papers Series 131, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Hilber, Christian A. L. & Mense, Andreas, 2021. "Why have house prices risen so much more than rents in superstar cities?," LSE Research Online Documents on Economics 112668, London School of Economics and Political Science, LSE Library.

  16. Dean Parker & Moritz Schularick, 2021. "The Term Spread as a Predictor of Financial Instability," Liberty Street Economics 20211124, Federal Reserve Bank of New York.

    Cited by:

    1. Umit Bulut & Nicholas Apergis & Cem Isik & Serdar Ongan, 2025. "A new look at the finance–environment nexus: How yield spread affects environmental quality in the United States," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 749-761, January.
    2. Li, Rui & Li, Jianping & Zhu, Xiaoqian, 2025. "Downside belief disagreements and financial instability: Evidence from risk factor disclosures in U.S. financial institutions’ 10-K filings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 99(C).
    3. Li, Xiang & Su, Dan, 2022. "Surges and instability: The maturity shortening channel," Journal of International Economics, Elsevier, vol. 139(C).
    4. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.

  17. Till Baldenius & Sebastian Kohl & Moritz Schularick, 2021. "Die neue Wohnungsfrage: Gewinner und Verlierer des deutschen Immobilienbooms," ECONtribute Policy Brief Series 019, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Mathias Dolls & Clemens Fuest & Carla Krolage & Florian Neumeier, 2021. "Who Bears the Burden of Real Estate Transfer Taxes? Evidence from the German Housing Market," CESifo Working Paper Series 8839, CESifo.
    2. Carla Krolage, 2020. "The Effect of Real Estate Purchase Subsidies on Property Prices," ifo Working Paper Series 333, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Sebastian Dullien & Ekaterina Jürgens & Christoph Paetz & Sebastian Watzka, 2021. "Makroökonomische Auswirkungen eines kreditfinanzierten Investitionsprogramms in Deutschland," IMK Report 168-2021, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    4. Oliver Lerbs & Lena Nobbe, 2021. "Wie wirtschaftlich sind private Investitionen in öffentlich geförderten Mietwohnungsbau? [How profitable is private investment in public rental housing?]," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 7(2), pages 121-144, October.
    5. Beznoska, Martin & Kauder, Björn & Obst, Thomas, 2021. "Investitionen, Humankapital und Wachstumswirkungen öffentlicher Ausgaben," IW policy papers 2/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.

  18. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2021. "The Cost of Populism: Evidence from history," ECONtribute Policy Brief Series 015, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Bockhaus-Odenthal, Erik & Siegfried, Patrick, 2021. "Agilität über Unternehmensgrenzen hinaus [Agility across Company boundaries]," MPRA Paper 111511, University Library of Munich, Germany.
    2. Fan, Di & Zhang, Ya’nan & Huang, Xinli & Su, Yiyi, 2023. "Varieties of institutional systems, the belt-road initiative, and the patterned investment flows," International Business Review, Elsevier, vol. 32(4).
    3. Auriol, Emmanuelle & Bonneton, Nicolas & Polborn, Mattias, 2025. "Political Accountability with Outsiders," TSE Working Papers 25-1646, Toulouse School of Economics (TSE).
    4. Janusz Rybiński, 2021. "Wynalazki wykorzystywane w zarządzaniu przedsiębiorstwem w XIX i XX wieku," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 3, pages 31-44.
    5. Emmanuelle Auriol & Nicolas Bonneton & Mattias Polborn, 2023. "Shaking Up the System: When Populism Disciplines Elite Politicians," CRC TR 224 Discussion Paper Series crctr224_2023_473, University of Bonn and University of Mannheim, Germany.

  19. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Karlström, Peter, 2025. "Macroprudential policy and systemic risk: The role of corporate and household credit booms," Journal of Financial Stability, Elsevier, vol. 78(C).
    2. Goodhart, Charles A.E. & Tsomocos, Dimitrios P. & Wang, Xuan, 2023. "Support for small businesses amid COVID‐19," LSE Research Online Documents on Economics 118164, London School of Economics and Political Science, LSE Library.
    3. Fattouh, Bassam & Pisicoli, Beniamino & Scaramozzino, Pasquale, 2024. "Debt and financial fragility: Italian non-financial companies after the pandemic," Economic Modelling, Elsevier, vol. 131(C).
    4. Liu, Chun & Liang, Shilin & Sun, Liang, 2024. "Unintended consequences of the introduction of specialized bankruptcy courts: evidence from zombie lending," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    5. Demirguc-Kunt, Asli & Horvath, Balint L. & Huizinga, Harry, 2023. "Loan Recoveries and the Financing of Zombie Firms over the Business Cycle," Discussion Paper 2023-017, Tilburg University, Center for Economic Research.
    6. Edward I. Altman & Rui Dai & Wei Wang, 2024. "Global zombie companies: measurements, determinants, and outcomes," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(6), pages 723-744, August.
    7. Gil Nogueira & Geraldo Cerqueiro, 2025. "Judicial Enforcement, Credit Frictions, and the Transmission of Bankruptcy through Firm Networks," Working Papers w202529, Banco de Portugal, Economics and Research Department.
    8. Tomohito HONDA & Arito ONO & Iichiro UESUGI & Yukihiro YASUDA, 2023. "Anatomy of Out-of-court Debt Workouts for SMEs," Discussion papers 23088, Research Institute of Economy, Trade and Industry (RIETI).
    9. Herweg, Fabian & Kähny, Maximilian, 2026. "Do zombies rise when interest rates fall: A relationship banking model," European Economic Review, Elsevier, vol. 182(C).
    10. Falk Bräuning & Viacheslav Sheremirov, 2023. "The Historical Effects of Banking Distress on Economic Activity," Current Policy Perspectives 96216, Federal Reserve Bank of Boston.
    11. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    12. Kin Wai Cheung & Masami Imai, 2023. "Zombie Lending, Labor Hoarding, and Local Industry Growth," Wesleyan Economics Working Papers 2023-003, Wesleyan University, Department of Economics.
    13. Andrieş, Alin Marius & Ongena, Steven & Sprincean, Nicu, 2025. "Sectoral credit allocation and systemic risk," Journal of Financial Stability, Elsevier, vol. 76(C).
    14. Nabil Daher, 2024. "Is growth at risk from natural disasters? Evidence from quantile local projections," French Stata Users' Group Meetings 2024 12, Stata Users Group.
    15. Fraccaroli, Nicolò & Sowerbutts, Rhiannon & Whitworth, Andrew, 2025. "Does regulatory and supervisory independence affect financial stability?," Journal of Banking & Finance, Elsevier, vol. 170(C).
    16. Nirupama Kulkarni & S.K. Ritadhi & Sayan Mukherjee, 2021. "Unearthing Zombies," Working Papers 59, Ashoka University, Department of Economics.
      • Nirupama Kulkarni & S. K. Ritadhi & Siddharth Vij & Katherine Waldock, 2021. "Unearthing Zombies," Working Papers 022292, Centre for Advanced Financial Research and Learning (CAFRAL).
      • Nirupama Kulkarni & S. K. Ritadhi & Siddharth Vij & Katherine Waldock, 2025. "Unearthing Zombies," Management Science, INFORMS, vol. 71(9), pages 7840-7862, September.
    17. Angela De Martiis & Franziska J. Peter, 2023. "When companies don't die: Analyzing zombie firms in a low interest rate environment," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 73(01), pages 67-86, December.
    18. Sebastiao OLIVEIRA & Jay RAFI & Pedro SIMON, 2024. "The Effect of United States Monetary Policy on Foreign Firms: Does Debt Maturity Matter?," Working Papers DP-2024-27, Economic Research Institute for ASEAN and East Asia (ERIA).
    19. Assaf Razin, 2021. "Globalization and Global Crises: Rest of the World vs. Israel," NBER Working Papers 28339, National Bureau of Economic Research, Inc.
    20. Yunguo Lu & Jing Liang & Xiaojun Yu & Lin Zhang, 2026. "Environmental regulation and the proliferation of zombie firms: evidence from China," Journal of Regulatory Economics, Springer, vol. 69(1), pages 1-36, December.
    21. Bruno Albuquerque, 2024. "Corporate debt booms, financial constraints, and the investment nexus," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 766-789, August.
    22. Peter Karlström, 2023. "Macroprudential Policy, Credit Booms, and Banks' Systemic Risk," CEMLA Working Paper Series 03/2023, CEMLA.
    23. Hodbod, Alexander & Hommes, Cars & Huber, Stefanie J. & Salle, Isabelle, 2021. "The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey," European Economic Review, Elsevier, vol. 140(C).
    24. Canofari, Paolo & Cucculelli, Marco & Piergallini, Alessandro & Renghini, Matteo, 2025. "Tightening monetary policy and investment dynamics in the European Monetary Union: Firm- and country-level heterogeneity," Journal of Corporate Finance, Elsevier, vol. 94(C).
    25. Bertay, Ata & Huizinga, Harry, 2024. "Banking Narket Integration in Europe and Insolvency Law," Other publications TiSEM c755d114-ca99-4591-be7d-9, Tilburg University, School of Economics and Management.
    26. Davis, Leila & de Souza, Joao & Kim, YK. & Rella, Giacomo, 2023. "What are firms borrowing for? The role of financial assets," Economic Modelling, Elsevier, vol. 125(C).
    27. Martin Kornejew & Chen Lian & Yueran Ma & Pablo Ottonello & Diego J. Perez, 2024. "Bankruptcy Resolution and Credit Cycles," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 1-39, National Bureau of Economic Research, Inc.
    28. Yuan, Jun & Yang, Liuyong & Xu, Qi, 2025. "The real side of black swans: Tail risk and corporate investment," Journal of Banking & Finance, Elsevier, vol. 176(C).
    29. Nabil Daher, 2025. "Is growth at risk from natural disasters ? Evidence from quantile local projections," EconomiX Working Papers 2025-9, University of Paris Nanterre, EconomiX.
    30. Assaf Razin, 2021. "Globalization And Global Crises: Israel And The Rest Of The World," Israel Economic Review, Bank of Israel, vol. 19(1), pages 103-134.
    31. Serena Fatica & Tommaso Oliviero & Michela Rancan, 2025. "Judicial inefficiency and the default of zombie firms," CSEF Working Papers 747, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    32. Alfonso Ugarte, 2025. "Global | locproj y lpgraph: Comandos de Stata para estimar proyecciones locales [Global | locproj and lpgraph: Stata commands to estimate Local Projections]," Working Papers 25/09, BBVA Bank, Economic Research Department.
    33. Bańkowski, Krzysztof & Bouabdallah, Othman & Domingues Semeano, João & Dorrucci, Ettore & Freier, Maximilian & Jacquinot, Pascal & Modery, Wolfgang & Rodríguez-Vives, Marta & Valenta, Vilém & Zorell, , 2022. "The economic impact of Next Generation EU: a euro area perspective," Occasional Paper Series 291, European Central Bank.
    34. Christian Keuschnigg & Michael Kogler & Johannes Matt, 2024. "Banks, Credit Reallocation, and Creative Destruction," Discussion Papers 2404, Centre for Macroeconomics (CFM).
    35. Yoshibumi Makabe & Yoshihiko Norimasa, 2022. "The Term Structure of Inflation at Risk: A Panel Quantile Regression Approach," Bank of Japan Working Paper Series 22-E-4, Bank of Japan.
    36. João Tovar Jalles & Paulo Medas, 2022. "Economic Growth after Debt Surges," Working Papers REM 2022/0244, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    37. Wang, Yuan & Xing, Chao & Zhang, Luxiu, 2024. "Is greenwashing beneficial for corporate access to financing? Evidence from China," Finance Research Letters, Elsevier, vol. 65(C).

  20. Moritz Schularick & Sascha Steffen & Tobias H. Tröger, 2020. "Bank capital and the European recovery from the COVID-19 crisis," ECONtribute Discussion Papers Series 017, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Ozili, Peterson Kitakogelu, 2021. "Financial regulation and bank supervision during a pandemic," MPRA Paper 105887, University Library of Munich, Germany.
    2. Markus Demary & Michael Hüther, 2020. "Corona-Pandemie und die Stabilität des Bankensystems [The Corona Pandemic and the Stability of the Banking System: The Solution is in the Real Economy]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(11), pages 862-868, November.
    3. Huertas, Thomas F., 2020. "Plug the gap: Make resolution ready for corona," SAFE White Paper Series 73, Leibniz Institute for Financial Research SAFE.
    4. Iustina Alina Boitan & Kamilla Marchewka-Bartkowiak, 2021. "The Sovereign-Bank Nexus in the Face of the COVID-19 Pandemic Outbreak—Evidence from EU Member States," Risks, MDPI, vol. 9(5), pages 1-21, May.
    5. Huizinga, Harry & Bertay, Ata, 2021. "Non-performing Loans – New Risks and," Other publications TiSEM a6895089-0d83-451c-894b-9, Tilburg University, School of Economics and Management.
    6. Özlem Dursun-de Neef, H. & Schandlbauer, Alexander, 2021. "COVID-19 and lending responses of European banks," Journal of Banking & Finance, Elsevier, vol. 133(C).
    7. Boot, Arnoud W. A. & Carletti, Elena & Kotz, Hans-Helmut & Krahnen, Jan Pieter & Pelizzon, Loriana & Subrahmanyam, Marti G., 2021. "Corona and banking: A financial crisis in slow motion? An evaluation of the policy options," SAFE White Paper Series 79, Leibniz Institute for Financial Research SAFE.
    8. Maghyereh, Aktham & Abdoh, Hussein, 2024. "Tail risk connectedness among GCC banks episodes from the Global Financial Crisis to COVID-19 pandemic," The Quarterly Review of Economics and Finance, Elsevier, vol. 96(C).
    9. Christoph Bertsch & Mike Mariathasan, 2021. "Optimal bank leverage and recapitalization in crowded markets," BIS Working Papers 923, Bank for International Settlements.

  21. Moritz Schularick & Lucas ter Steege & Felix Ward, 2020. "Leaning against the wind and crisis risk," ECONtribute Discussion Papers Series 041, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Gabriel Jiménez & Dmitry Kuvshinov & José-Luis Peydró & Bjoern Richter, 2022. "Monetary policy, inflation, and crises: New evidence from history and administrative data," Economics Working Papers 1854, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    2. Bank for International Settlements, 2024. "Interest rate risk exposures of non-financial corporates and households," CGFS Papers, Bank for International Settlements, number 70.
    3. Gabriel, Ricardo Duque, 2023. "Monetary policy and the wage inflation-unemployment tradeoff," European Economic Review, Elsevier, vol. 159(C).
    4. Benati, Luca, 2023. "Exploring the trade-off between leaning against credit and stabilizing economic activity," Economics Letters, Elsevier, vol. 223(C).
    5. Rafael Cezar & Eric Monnet, 2021. "Capital Controls and Foreign Reserves against External Shocks: Combined or Alone?," Working papers 849, Banque de France.
    6. Boissay, Frédéric & Collard, Fabrice & Galí, Jordi & Manea, Cristina, 2022. "Monetary policy and endogenous financial crises," Discussion Papers 21/2022, Deutsche Bundesbank.
    7. Elgin, Ceyhun & Yalaman, Abdullah & Yasar, Sezer & Basbug, Gokce, 2021. "Economic policy responses to the COVID-19 pandemic: The role of central bank independence," Economics Letters, Elsevier, vol. 204(C).
    8. Everaert, Gerdie & Pozzi, Lorenzo, 2025. "Financial development in the aftermath of banking crises," Journal of International Money and Finance, Elsevier, vol. 157(C).
    9. Bochmann, Paul & Dieckelmann, Daniel & Fahr, Stephan & Ruzicka, Josef, 2023. "Financial stability considerations in the conduct of monetary policy," Working Paper Series 2870, European Central Bank.
    10. Coussin, Maximilien, 2025. "The multifaceted effect of monetary policy on U.S. credit aggregates," Journal of Macroeconomics, Elsevier, vol. 84(C).
    11. Dominika Ehrenbergerova & Josef Bajzik & Tomas Havranek, 2023. "When Does Monetary Policy Sway House Prices? A Meta-Analysis," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(2), pages 538-573, June.
    12. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    13. Matteo Iacoviello & Ricardo Nunes & Andrea Prestipino, 2025. "Optimal Credit Market Policy," International Finance Discussion Papers 1406, Board of Governors of the Federal Reserve System (U.S.).
    14. Nicolas Caramp & Dejanir H. Silva, 2021. "Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity," Working Papers 341, University of California, Davis, Department of Economics.
    15. Górajski, Mariusz & Kuchta, Zbigniew, 2023. "Coordination and non-coordination risks of monetary and macroprudential authorities: A robust welfare analysis," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).
    16. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    17. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Finance and Economics Discussion Series 2022-006, Board of Governors of the Federal Reserve System (U.S.).
    18. Chavleishvili, Sulkhan & Kremer, Manfred & Lund-Thomsen, Frederik, 2023. "Quantifying financial stability trade-offs for monetary policy: a quantile VAR approach," Working Paper Series 2833, European Central Bank.
    19. Thore Kockerols & Erling Motzfeldt Kravik & Yasin Mimir, 2021. "Leaning against persistent financial cycles with occasional crises," Working Paper 2021/11, Norges Bank.
    20. Fernandez-Gallardo, Alvaro, 2023. "Preventing financial disasters: Macroprudential policy and financial crises," European Economic Review, Elsevier, vol. 151(C).
    21. Winfried Koeniger & Benedikt Lennartz & Marc-Antoine Ramelet, 2021. "On the transmission of monetary policy to the housing market," Working Papers 2021-06, Swiss National Bank.
    22. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    23. Blot, Christophe & Hubert, Paul & Labondance, Fabien, 2024. "The asymmetric effects of monetary policy on stock price bubbles," European Economic Review, Elsevier, vol. 168(C).
    24. Iacoviello, Matteo & Nunes, Ricardo & Prestipino, Andrea, 2026. "Optimal credit market policy," Journal of Economic Dynamics and Control, Elsevier, vol. 182(C).
    25. Petz, Nico & Zörner, Thomas O., 2026. "How Phillips curve dynamics enhance business cycle synchronization analysis in Central and Eastern Europe," Journal of International Money and Finance, Elsevier, vol. 161(C).
    26. Rottner, Matthias, 2023. "Financial crises and shadow banks: A quantitative analysis," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 74-92.
    27. Albertazzi, Ugo & Hooft, James ’t & Ter Steege, Lucas, 2025. "The causal effect of inflation on financial stability, evidence from history," Working Paper Series 3108, European Central Bank.
    28. Gebauer, Stefan & Mazelis, Falk, 2023. "Macroprudential regulation and leakage to the shadow banking sector," European Economic Review, Elsevier, vol. 154(C).
    29. Frederic Boissay & Claudio Borio & Cristina Leonte & Ilhyock Shim, 2023. "Prudential policy and financial dominance: exploring the link," BIS Quarterly Review, Bank for International Settlements, March.
    30. Andreas Fagereng & Magnus A. H. Gulbrandsen & Martin Holm & Gisle Natvik, 2023. "How Does Monetary Policy Affect Household Indebtedness?," Working Papers 05/2023, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    31. Bertsch, Christoph & Hull, Isaiah & Lumsdaine, Robin L. & Zhang, Xin, 2025. "Central bank mandates and monetary policy stances: Through the lens of Federal Reserve speeches," Journal of Econometrics, Elsevier, vol. 249(PC).

  22. Thilo N. H. Albers & Charlotte Bartels & Moritz Schularick, 2020. "The Distribution of Wealth in Germany, 1895-2018," ECONtribute Policy Brief Series 001, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Paolo Acciari & Facundo Alvaredo & Salvatore Morelli, 2021. "The concentration of personal wealth in Italy 1995-2016," Working Papers halshs-03226113, HAL.
    2. Charlotte Bartels & Carsten Schröder, 2020. "Die Bedeutung von Mieteinkommen und Immobilien für die Ungleichheit in Deutschland," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(10), pages 741-746, October.
    3. Xhulia Likaj & Thomas Fricke, 2023. "Gefuehlt oder real - Wie ungleich sind Vermoegen in Deutschland verteilt? Eine Bestandaufnahme auf Basis neuer Erkenntnisse," Basic Papers 1, Forum New Economy.
    4. Carmen Giovanazzi & Vincent Victor, 2024. "Unternehmensvermoegen in Deutschland: Zur Rolle der boersennotierten Familienunternehmen," Working Papers 5, Forum New Economy.
    5. Daniel Waldenström, 2021. "Wealth and History: An Update," CESifo Working Paper Series 9366, CESifo.
    6. Charlotte Bartels & Carsten Schroeder, 2020. "The role of rental income, real estate and rents for inequality in Germany," Working Papers 7, Forum New Economy.
    7. Rubio-Domingo, G. & Linares, P., 2021. "The future investment costs of offshore wind: An estimation based on auction results," Renewable and Sustainable Energy Reviews, Elsevier, vol. 148(C).
    8. Keßler, Daniela & Zerres, Thomas, 2020. "Rechtsrahmen der Geldwäschebekämpfung," Working Papers for Marketing & Management 48, Offenburg University, Department of Media and Information.
    9. Wyrwich, Michael & Steinberg, Philip J. & Noseleit, Florian & de Faria, Pedro, 2022. "Is open innovation imprinted on new ventures? The cooperation-inhibiting legacy of authoritarian regimes," Research Policy, Elsevier, vol. 51(1).
    10. Arrigoni, Simone, 2024. "Who gets the flow? Financial globalisation and wealth inequality," Journal of Macroeconomics, Elsevier, vol. 81(C).
    11. Joern H. Block & Christian Fisch & Mirko Hirschmann, 2022. "The determinants of bootstrap financing in crises: evidence from entrepreneurial ventures in the COVID-19 pandemic," Small Business Economics, Springer, vol. 58(2), pages 867-885, February.
    12. Charlotte Bartels & Carsten Schroeder, 2020. "Income, consumption and wealth inequality in Germany: Three concepts, three stories?," Basic Papers 2, Forum New Economy.
    13. Lukas Mergele & Moritz Hennicke & Moritz Lubczyk, 2025. "The big sell: Privatizing East Germany's economy," ULB Institutional Repository 2013/387283, ULB -- Universite Libre de Bruxelles.
    14. Schaff, Felix S.F., 2023. "Warfare and Economic Inequality: Evidence from Preindustrial Germany (c. 1400-1800)," Explorations in Economic History, Elsevier, vol. 89(C).
    15. Schulhof, Vera & van Vuuren, Detlef & Kirchherr, Julian, 2022. "The Belt and Road Initiative (BRI): What Will it Look Like in the Future?," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    16. Waldenström, Daniel, 2021. "Wealth and History: An Update," Working Paper Series 1411, Research Institute of Industrial Economics.

  23. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," CESifo Working Paper Series 8273, CESifo.

    Cited by:

    1. Luca Eduardo Fierro & Federico Giri & Alberto Russo, 2023. "Inequality-Constrained Monetary Policy in a Financialized Economy," Working Papers 2023/02, Economics Department, Universitat Jaume I, Castellón (Spain).
    2. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2021. "Structure of income inequality and household leverage : Cross-country causal evidence," Post-Print halshs-03099741, HAL.
    3. Andreas Fagereng & Magnus A. H. Gulbrandsen & Martin B. Holm & Gisle J. Natvik, 2021. "How does monetary policy affect household indebtedness?," Working Paper 2021/5, Norges Bank.
    4. Gianni La Cava & Lydia Wang, 2021. "The Rise in Household Liquidity," RBA Research Discussion Papers rdp2021-10, Reserve Bank of Australia.
    5. Bartscher, Alina Kristin & Kuhn, Moritz & Schularick, Moritz & Wachtel, Paul, 2021. "Monetary Policy and Racial Inequality," LawFin Working Paper Series 15, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    6. Luis Bauluz & Filip Novokmet & Moritz Schularick, 2022. "The Anatomy of the Global Saving Glut," CESifo Working Paper Series 9732, CESifo.
    7. Chen, Chuanglian & Liu, Xiaobin & Yu, Jun & Zeng, Tao, 2025. "The time-varying zone-like and asymmetric preference of central banks: Evidence from China," China Economic Review, Elsevier, vol. 94(PA).
    8. Atif Mian & Ludwig Straub & Amir Sufi, 2021. "What explains the decline in r ∗ ? Rising income inequality versus demographic shifts," Working Papers 2021-12, Princeton University. Economics Department..
    9. von Schweinitz, Gregor, 2023. "The importance of credit demand for business cycle dynamics," IWH Discussion Papers 21/2023, Halle Institute for Economic Research (IWH).
    10. Sevim Kösem, 2021. "Income inequality, mortgage debt and house prices," Bank of England working papers 921, Bank of England.
    11. Wang, Shengquan, 2023. "Income inequality and systemic banking crises: A nonlinear nexus," Economic Systems, Elsevier, vol. 47(4).

  24. Moritz Schularick & Sascha Steffen, 2020. "A Protective Shield for Europe’s Banks," ECONtribute Policy Brief Series 002, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    2. Delatte, Anne-Laure & Guillaume, Alexis, 2020. "Covid 19: a new challenge for the EMU," CEPR Discussion Papers 14848, Centre for Economic Policy Research.

  25. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "The Distribution of Household Debt in the United States, 1950-2019," ECONtribute Discussion Papers Series 015, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Luca Eduardo Fierro & Federico Giri & Alberto Russo, 2023. "Inequality-Constrained Monetary Policy in a Financialized Economy," Working Papers 2023/02, Economics Department, Universitat Jaume I, Castellón (Spain).
    2. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2021. "Structure of income inequality and household leverage : Cross-country causal evidence," Post-Print halshs-03099741, HAL.
    3. Andreas Fagereng & Magnus A. H. Gulbrandsen & Martin B. Holm & Gisle J. Natvik, 2021. "How does monetary policy affect household indebtedness?," Working Paper 2021/5, Norges Bank.
    4. Gianni La Cava & Lydia Wang, 2021. "The Rise in Household Liquidity," RBA Research Discussion Papers rdp2021-10, Reserve Bank of Australia.
    5. Bartscher, Alina Kristin & Kuhn, Moritz & Schularick, Moritz & Wachtel, Paul, 2021. "Monetary Policy and Racial Inequality," LawFin Working Paper Series 15, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    6. Luis Bauluz & Filip Novokmet & Moritz Schularick, 2022. "The Anatomy of the Global Saving Glut," CESifo Working Paper Series 9732, CESifo.
    7. Atif Mian & Ludwig Straub & Amir Sufi, 2021. "What explains the decline in r ∗ ? Rising income inequality versus demographic shifts," Working Papers 2021-12, Princeton University. Economics Department..
    8. von Schweinitz, Gregor, 2023. "The importance of credit demand for business cycle dynamics," IWH Discussion Papers 21/2023, Halle Institute for Economic Research (IWH).
    9. Sevim Kösem, 2021. "Income inequality, mortgage debt and house prices," Bank of England working papers 921, Bank of England.
    10. Wang, Shengquan, 2023. "Income inequality and systemic banking crises: A nonlinear nexus," Economic Systems, Elsevier, vol. 47(4).

  26. Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," CEPR Discussion Papers 14559, Centre for Economic Policy Research.

    Cited by:

    1. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.
    2. Abdoulaye Millogo, 2020. "Hysteresis Effects and Macroeconomics Gains from Unconventional Monetary Policies Stabilization," Cahiers de recherche 20-12, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    3. Kuvshinov, Dmitry & Richter, Björn & Zimmermann, Kaspar, 2022. "The shifts and the shocks: bank risk, leverage, and the macroeconomy," Working Paper Series 2672, European Central Bank.
    4. Rafael Cezar & Eric Monnet, 2021. "Capital Controls and Foreign Reserves against External Shocks: Combined or Alone?," Working papers 849, Banque de France.
    5. Basco, Sergi & Domènech, Jordi & Rosés, Joan R., 2021. "The redistributive effects of pandemics: Evidence on the Spanish flu," World Development, Elsevier, vol. 141(C).
    6. Toan Phan & Felipe Schwartzman, 2023. "Climate Defaults and Financial Adaptation," Working Paper 23-06, Federal Reserve Bank of Richmond.
    7. Iqbal, Javed & Mahmood, Fatima & Nosheen, Misbah & Wohar, Mark, 2023. "The asymmetric impact of exchange rate misalignment on economic growth of India: An application of Hodrick–Prescott filter technique," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 809-823.
    8. Ferreira, Thiago R.T., 2024. "Cross-sectional financial conditions, business cycles and the lending channel," Journal of Monetary Economics, Elsevier, vol. 147(C).
    9. Fève, Patrick & Sanchez, Pablo Garcia & Moura, Alban & Pierrard, Olivier, 2021. "Costly default and skewed business cycles," European Economic Review, Elsevier, vol. 132(C).
    10. James Mitchell & Martin Weale, 2023. "Censored density forecasts: Production and evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(5), pages 714-734, August.
    11. Iseringhausen, Martin & Petrella, Ivan & Theodoridis, Konstantinos, 2021. "Aggregate Skewness and the Business Cycle," Cardiff Economics Working Papers E2021/30, Cardiff University, Cardiff Business School, Economics Section.
    12. Alogoskoufis, George & Malliaris, A.G. & Stengos, Thanasis, 2023. "The scope and methodology of economic and financial asymmetries," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    13. Logachov, A. & Logachova, O. & Yambartsev, A., 2024. "Processes with catastrophes: Large deviation point of view," Stochastic Processes and their Applications, Elsevier, vol. 176(C).
    14. Moritz Schularick, 2021. "Corporate indebtedness and macroeconomic stabilisation from a long-term perspective," ECONtribute Policy Brief Series 024, University of Bonn and University of Cologne, Germany.

  27. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2020. "Populist Leaders and the Economy," ECONtribute Discussion Papers Series 036, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Bellodi, Luca & Docquier, Frédéric & Iandolo, Stefano & Morelli, Massimo & Turati, Riccardo, 2024. "Digging up Trenches: Populism, Selective Mobility, and the Political Polarization of Italian Municipalities," IZA Discussion Papers 16732, IZA Network @ LISER.
    2. Docquier, Frédéric & Vasilakis, Chrysovalantis, 2024. "Migrants' Self-Selection and the Vicious Circle of Right-Wing Populism," IZA Discussion Papers 17402, IZA Network @ LISER.
    3. Reck, Fabian & Fidrmuc, Jarko & Gruninger, Frédéric, 2025. "Impact of governance on populist rhetoric," Economic Systems, Elsevier, vol. 49(1).
    4. L. Guiso & H. Herrera & M. Morelli & T. Sonno, 2024. "Economic insecurity and the demand for populism in Europe," Economica, London School of Economics and Political Science, vol. 91(362), pages 588-620, April.
    5. Fetzer, Thiemo & Yotzov, Ivan, 2023. "(How) Do electoral surprises drive business cycles? Evidence from a new dataset," CAGE Online Working Paper Series 672, Competitive Advantage in the Global Economy (CAGE).
    6. Fetzer, Thiemo, 2023. "Did the policy response to the energy crisis cause crime? Evidence from England," CAGE Online Working Paper Series 662, Competitive Advantage in the Global Economy (CAGE).
    7. Tito Boeri & Prachi Mishra & Chris Papageorgiou & Antonio Spilimbergo, 2021. "Populism and Civil Society," Economica, London School of Economics and Political Science, vol. 88(352), pages 863-895, October.
    8. Kyriacou, Andreas & Trivin, Pedro, 2024. "Populism and the rule of law: the importance of institutional legacies," MPRA Paper 120343, University Library of Munich, Germany.
    9. De Bromhead, Alan & O'Rourke, Kevin Hjortshøj, 2023. "Should history change the way we think about populism?," QUCEH Working Paper Series 23-06, Queen's University Belfast, Queen's University Centre for Economic History.
    10. Oliver Kovacs, 2022. "Inclusive Industry 4.0 in Europe—Japanese Lessons on Socially Responsible Industry 4.0," Social Sciences, MDPI, vol. 11(1), pages 1-26, January.
    11. Michael Peneder & Benjamin Bittschi & Anna Burton & Angela Köppl & Thomas Url, 2024. "The WIFO Radar of Competitiveness for the Austrian Economy 2023," WIFO Reports on Austria, WIFO, issue 2, January.
    12. Frédéric Docquier & Lucas Guichard & Stefano Iandolo & Hillel Rapoport & Riccardo Turati & Gonzague Vannoorenberghe, 2022. "Populism and the Skill-Content of Globalization: Evidence from the Last 60 Years," CESifo Working Paper Series 10068, CESifo.
    13. Martonosi, Susan E. & Behzad, Banafsheh & Cummings, Kayla, 2021. "Pricing the COVID-19 vaccine: A mathematical approach," Omega, Elsevier, vol. 103(C).
    14. Hensmans, Manuel, 2021. "Exploring the dark and bright sides of Internet democracy: Ethos-reversing and ethos-renewing digital transformation," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    15. Kärnä, Anders & Meriläinen, Jaakko & Norell, John, 2024. "The Price of Exclusion: Coalition Formation in the Shadow of Rising Radical Right," Working Paper Series 1507, Research Institute of Industrial Economics.
    16. Fremerey, Melinda & Hörnig, Lukas & Schaffner, Sandra, 2022. "Becoming neighbors with refugees and voting for the far-right? The impact of refugee inflows at the small-scale level," Ruhr Economic Papers 947, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    17. Renato Vassallo & Margherita Philipp & Christopher Rauh & Hannes Mueller & Laura Mayoral, 2026. "Semantic Similarity Measures in Newspaper Text for Detecting and Predicting Disruptive Institutional Events," Working Papers 1555, Barcelona School of Economics.
    18. Tito Boeri & Nina Nikiforova & Guido Tabellini, 2026. "Do Elections Moderate or Polarize Political Rhetoric?," CESifo Working Paper Series 12558, CESifo.
    19. Valsecchi, Michele & Olsson, Ola & Kopylova, Aleksandra, 2026. "Cadastral Reform and Social Conflict," Working Papers in Economics 863, University of Gothenburg, Department of Economics.
    20. Celico, Andrea & Rode, Martin & Rodriguez-Carreño, Ignacio, 2024. "Will the real populists please stand up? A machine learning index of party populism," European Journal of Political Economy, Elsevier, vol. 82(C).
    21. Fève, Patrick & Assenza, Tiziana & Collard, Fabrice & Huber, Stefanie, 2024. "From Buzz to Bust: How Fake News Shapes the Business Cycle," TSE Working Papers 24-1516, Toulouse School of Economics (TSE).
    22. Levi, Eugenio & Sin, Isabelle & Stillman, Steven, 2021. "Understanding the Origins of Populist Political Parties and the Role of External Shocks," IZA Discussion Papers 14314, IZA Network @ LISER.
    23. Beatrice Magistro, 2022. "The influence of financial and economic literacy on policy preferences in Italy," Economics and Politics, Wiley Blackwell, vol. 34(2), pages 351-381, July.
    24. Cem Çakmakli & Selva Demi̇ralp & Gökhan Şahi̇n Güneş, 2024. "Do Financial Markets Respond to Populist Rhetoric?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(3), pages 541-567, June.
    25. Bergh, Andreas & Kärnä, Anders, 2024. "Populist Parties’ Popularity Post Power," Working Paper Series 1491, Research Institute of Industrial Economics.
    26. Docquier, Frédéric & Iandolo, Stefano & Rapoport, Hillel & Turati, Riccardo & Vannoorenberghe, Gonzague, 2025. "Populism and the Skill-Content of Globalization," IZA Discussion Papers 18041, IZA Network @ LISER.
    27. Baerlocher, Diogo & Caldas, Renata & Cavalcanti, Francisco & Schneider, Rodrigo, 2025. "Natural disasters and voting behavior under authoritarian regimes: Evidence from the Brazilian shrimp vote," Journal of Economic Behavior & Organization, Elsevier, vol. 234(C).
    28. Christian Bayer & Felix Bierbrauer & Axel Ockenfels & Matthias Sutter, 2025. "ECONtribute: Markets & Public Policy: Agenda und ausgewählte Forschungsschwerpunkte," ECONtribute Discussion Papers Series 352, University of Bonn and University of Cologne, Germany.
    29. Garoupa, Nuno & Spruk, Rok, 2025. "Populist constitutional backsliding and judicial independence: Evidence from Türkiye," International Review of Law and Economics, Elsevier, vol. 84(C).
    30. Massimo Morelli, 2025. "Populist policy making," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 32(6), pages 1667-1690, December.
    31. Bibek Adhikari, 2022. "A Guide to Using the Synthetic Control Method to Quantify the Effects of Shocks, Policies, and Shocking Policies," The American Economist, Sage Publications, vol. 67(1), pages 46-63, March.
    32. Khanna, Gaurav & Mukherjee, Priya, 2023. "Political accountability for populist policies: Lessons from the world’s largest democracy," Journal of Public Economics, Elsevier, vol. 219(C).
    33. Lin, Junjie, 2025. "Effects of electric vehicle demonstration and promotion policy on air pollution: Evidence from China," Transport Policy, Elsevier, vol. 162(C), pages 1-19.
    34. Di Tommaso, Marco Rodolfo & Prodi, Elena & Di Matteo, Dante & Barbieri, Elisa, 2025. "Structural change and its discontents," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 438-455.
    35. Kang, Youngho & Kim, Byung-Yeon & Lee, Dongwon, 2025. "Political polarization, state capacity, and economic growth," Economic Systems, Elsevier, vol. 49(4).
    36. Lester, Cian, 2025. "Fiscal Policy and Political Ideology : Did Austerity Reshape Britains Political Landscape?," Warwick-Monash Economics Student Papers 88, Warwick Monash Economics Student Papers.
    37. Karlson, Nils, 2026. "Fighting Populism by Rethinking Welfare," Ratio Working Papers 390, The Ratio Institute.
    38. Pierpaolo Battigalli, 2023. "A Note On Reduced Strategies And Cognitive Hierarchies In The Extensive And Normal Form," Working Papers 706, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    39. Federle, Jonathan & Meier, André & Müller, Gernot J. & Mutschler, Willi & Schularick, Moritz, 2024. "The price of war," Kiel Policy Briefs 171, Kiel Institute for the World Economy.
      • Federle, Jonathan & Meier, André & Müller, Gernot & Schularick, Moritz, 2024. "The Price of War," CEPR Discussion Papers 18834, Centre for Economic Policy Research.
      • Jonathan Federle & André Meier & Gernot J. Müller & Willi Mutschler & Moritz Schularick, 2026. "The Price of War," American Economic Review, American Economic Association, vol. 116(3), pages 791-827, March.
      • Federle, Jonathan & Meier, André & Müller, Gernot J. & Mutschler, Willi & Schularick, Moritz, 2024. "The price of war," Kiel Working Papers 2262, Kiel Institute for the World Economy.
    40. Rodriguez-Pose Andrés & Dijkstra Lewis & Dorati Chiara, 2025. "Paying for Euroscepticism," JRC Working Papers on Territorial Modelling and Analysis 2025-09, Joint Research Centre.
    41. Estefania-Flores, Julia & Furceri, Davide & Ostry, Jonathan D. & Steinberg, Federico, 2025. "What drives trade policy reform?," Journal of Policy Modeling, Elsevier, vol. 47(4), pages 805-829.
    42. Gauti B. Eggertsson & Sergey K. Egiev, 2024. "Liquidity Traps: A Unified Theory of the Great Depression and Great Recession," NBER Working Papers 33195, National Bureau of Economic Research, Inc.
    43. Eberhardt, Markus, 2022. "Democracy, growth, heterogeneity, and robustness," European Economic Review, Elsevier, vol. 147(C).
    44. Milan Zafirovski, 2026. "Pathologies of creative destruction? Its dysfunctions from the history of economic theory and social thought, and contemporary empirical economics," Journal of Evolutionary Economics, Springer, vol. 36(1), pages 1-58, April.
    45. Krieger, Tommy, 2024. "Rechtspopulismus und Standortattraktivität," ZEW Expert Briefs 24-01, ZEW - Leibniz Centre for European Economic Research.
    46. Murat Demirci, 2021. "Rising Political Populism and Outmigration of Youth as International Students," Koç University-TUSIAD Economic Research Forum Working Papers 2123, Koc University-TUSIAD Economic Research Forum.
    47. Margherita Corina & Christopher Hartwell & Alfonso Carballo, 2025. "Holding back the damage: strong political institutions and the effect of populism on business investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 56(5), pages 608-630, July.
    48. Lindequist, David & Selent, Samuel, 2025. "Did shale gas green the U.S. economy?," Energy Economics, Elsevier, vol. 145(C).
    49. Ege Asutay & Christopher Ball & Andreas Freytag, 2025. "Populist Ideology, Policy and the Real Economy: Walking the Stick," CESifo Working Paper Series 12220, CESifo.
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    51. Anna Bottasso & Gianluca Cerruti & Maurizio Conti, 2022. "Institutions matter: The impact of the covid‐19 pandemic on the political trust of young Europeans," Journal of Regional Science, Wiley Blackwell, vol. 62(4), pages 1122-1148, September.
    52. Demirci, Murat, 2023. "Youth responses to political populism: Education abroad as a step toward emigration," Journal of Comparative Economics, Elsevier, vol. 51(2), pages 653-673.
    53. Joses Muthuri Kirigia & Germano Mwabu, 2025. "The Monetary Value of Human Life Losses Associated with COVID-19 in Africa: A Human Capital Approach," Economies, MDPI, vol. 13(8), pages 1-48, August.
    54. Stefano DellaVigna & Guido Imbens & Woojin Kim & David M. Ritzwoller, 2025. "Using Multiple Outcomes to Adjust Standard Errors for Spatial Correlation," Papers 2504.13295, arXiv.org.
    55. Cachanosky, Nicolas & Bastos, João Pedro & Padilla, Alexandre & Hernández, Karla C., 2025. "The institutional impact of left-leaning populism in Latin America," European Journal of Political Economy, Elsevier, vol. 86(C).
    56. Jésus Fernández-Villaverde & Carlos Sanz & Jesús Fernández-Villaverde, 2024. "Classical Right, New Right, and Voting Behavior: Evidence from a Quasi-Natural Experiment," CESifo Working Paper Series 11179, CESifo.
    57. Maxence Follot, 2024. "The impact of populism on central bank communication: Analyzing theoretical developments and the case of Hungary," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 21(1), pages 65-95, June.
    58. Piergiuseppe Fortunato & Tanmay Singh & Marco Pecoraro, 2024. "From Rhetoric to Reality: How Ideology, History and Geography shape Populism's Economic Footprint," IRENE Working Papers 24-02, IRENE Institute of Economic Research.
    59. Hashim, Zeeshan & Fidrmuc, Jan & Ghosh, Sugata, 2025. "Political parties’ ideological bias and convergence in economic outcomes," European Journal of Political Economy, Elsevier, vol. 87(C).
    60. Arin, K. Peren & Khalil, Umair & Mazrekaj, Deni & Thum, Marcel, 2026. "Terrorism and misperceptions: Evidence from Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 242(C).
    61. Grimm, Maximilian & Schularick, Moritz & Verner, Emil, 2026. "Financial liberalizations, booms, and crashes," Kiel Working Papers 2320, Kiel Institute for the World Economy.
    62. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
    63. Demir, Müge & Önder, Zeynep, 2025. "Financial connectivity in cross-border lending and crises: Role of financial and legislative integration," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 101(C).
    64. Federico N Daverio-Occhini & María Montoya-Aguirre & Máximo Ponce de León & L Guillermo Woo-Mora, 2024. "Moral Force: Leaders' Actions and Public Health Compliance in Crisis," PSE Working Papers halshs-04721932, HAL.
    65. Martin Bernstein & Josefin Meyer & Kevin O’Rourke & Moritz Schularick, 2025. "Economic Insecurity: Trade Dependencies and Their Weaponization in History," Discussion Papers of DIW Berlin 2148, DIW Berlin, German Institute for Economic Research.
    66. Woo-Mora, L. Guillermo, 2025. "Populism’s original sin: Short-term populist penalties and uncertainty traps," European Economic Review, Elsevier, vol. 172(C).
    67. Pan, Lulu & Hui, Eddie Chi-Man & Shen, Jianfu, 2026. "Populism and global infrastructure investment," World Development, Elsevier, vol. 200(C).
    68. Pan, Wei-Fong, 2023. "The effect of populism on high-skilled migration: Evidence from inventors," European Journal of Political Economy, Elsevier, vol. 79(C).
    69. Fanghella, Valeria & Schleich, Joachim & Sebi, Carine, 2026. "Populism and support of onshore wind energy: Explaining different perspectives from the left and right," Ecological Economics, Elsevier, vol. 239(C).
    70. Hartwell, Christopher A. & Devinney, Timothy, 2021. "Populism, political risk, and pandemics: The challenges of political leadership for business in a post-COVID world," Journal of World Business, Elsevier, vol. 56(4).
    71. Alessandro Sovera, 2024. "Decoding Local Public Finance: The Interplay of the Legislature and the Executive," Working Papers 32, Finnish Centre of Excellence in Tax Systems Research.
    72. Massimo Pulejo, 2023. "Pro-Social Backlash: The Effect of Far-Right Success on Voluntary Welfare Provision," BAFFI CAREFIN Working Papers 23214, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    73. Beatrice Magistro & Victor Menaldo, 2025. "How populism harms prosperity: Unified populist rule reduces investment, innovation, and productivity," Journal of Evolutionary Economics, Springer, vol. 35(3), pages 553-586, July.
    74. Chuang, Shih-Hsien & Holian, Matthew & Pattison, Nathaniel & Ramakrishnan, Prasanthi, 2024. "A Comment on "Populist Leaders and the Economy"," I4R Discussion Paper Series 157, The Institute for Replication (I4R).
    75. Er, Selahattin Tolga & Kantorowicz, Jaroslaw, 2025. "Financial market reaction to the end of the right-wing populist government: The case of Poland," Finance Research Letters, Elsevier, vol. 76(C).
    76. Huynh, Tran & Uebelmesser, Silke, 2024. "Early warning models for systemic banking crises: Can political indicators improve prediction?," European Journal of Political Economy, Elsevier, vol. 81(C).
    77. Gold Robert, 2026. "Populismus: Herausforderung für Ökonomik und Wirtschafts politik," Wirtschaftsdienst, Sciendo, vol. 106(1), pages 8-12.
    78. Bayerlein, Michael & Boese-Schlosser, Vanessa A. & Gates, Scott & Kamin, Katrin & Murshed, Syed Mansoob, 2021. "Populism and COVID19: How populist governments (mis)handle the pandemic," Kiel Working Papers 2192, Kiel Institute for the World Economy.
    79. Gutmann, Jerg & Rode, Martin, 2025. "Bend it like Bolsonaro: Global evidence on the effect of populism on constitutional compliance," ILE Working Paper Series 86, University of Hamburg, Institute of Law and Economics.
    80. Fernández-Villaverde, Jesús & Sanz, Carlos, 2025. "How substitutable are the classical and radical right?," Journal of Public Economics, Elsevier, vol. 252(C).
    81. Michael Peneder & Benjamin Bittschi & Anna Burton & Angela Köppl & Thomas Url, 2023. "Das WIFO-Radar der Wettbewerbsfähigkeit der österreichischen Wirtschaft 2023," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(12), pages 845-856, December.
    82. Luetticke, Ralph & Meyer, Timothy Andreas & Müller, Gernot J. & Schularick, Moritz, 2025. "The great leveler according to HANK," Kiel Working Papers 2308, Kiel Institute for the World Economy.
    83. Luisa Dörr & Niklas Potrafke & Felix Roesel & Luisa Dörr, 2021. "Populists in Power," CESifo Working Paper Series 9336, CESifo.
    84. Gold Robert, 2025. "It Should Be About the Economy – Are Voters Stupid?," Intereconomics: Review of European Economic Policy, Sciendo, vol. 60(5), pages 270-274.
    85. Ajzenman, Nicolas & Cavalcanti, Tiago & Da Mata, Daniel, 2021. "More than Words: Leaders' Speech and Risky Behavior During a Pandemic," IZA Discussion Papers 14229, IZA Network @ LISER.
    86. Pulejo, Massimo, 2025. "Private response to exclusionary welfare policy: Evidence from Italian municipalities," Journal of Public Economics, Elsevier, vol. 248(C).
    87. Acemoglu, Daron & Ajzenman, Nicolas & Aksoy, Cevat Giray & Fiszbein, Martin & Molina, Carlos, 2021. "(Successful) Democracies Breed Their Own Support," IZA Discussion Papers 14691, IZA Network @ LISER.
    88. Fontana, S.; & Guccio, C.; & Pignataro, G.; & Vidoli, F.;, 2025. "Better Politicians, Fewer Deaths? Municipal Resilience in Overcoming the Pandemic Crisis in Italy," Health, Econometrics and Data Group (HEDG) Working Papers 25/06, HEDG, c/o Department of Economics, University of York.
    89. Dilesh Rawal & Jitendra Mahakud & L Maheswar Rao Achary, 2025. "Fundamental Risk and Capital Structure Adjustment Speed: International Evidence," JRFM, MDPI, vol. 18(8), pages 1-20, August.
    90. Lewis Dijkstra, 2024. "What do we owe a place? How the debate about left-behind places is challenging how we distribute public funding and the problems it should address," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 17(2), pages 417-424.
    91. Schütz, Claudio & Pape, Ulrich, 2024. "Are investors afraid of populism?," Finance Research Letters, Elsevier, vol. 61(C).
    92. Gutmann, Jerg & Metelska-Szaniawska, Katarzyna, 2026. "Populism and constitutionalism," ILE Working Paper Series 92, University of Hamburg, Institute of Law and Economics.
    93. Tähtinen, Tuuli, 2025. "Populism and ideological convergence: Evidence from a multiparty system," Journal of Public Economics, Elsevier, vol. 241(C).
    94. Vasconcelos, Lucas N.C. & Schiozer, Rafael, 2025. "Extractive institutions and banks’ implicit subsidies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 99(C).
    95. Pan, Wei-Fong, 2023. "Household debt in the times of populism," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 202-215.
    96. Brox, Enzo & Krieger, Tommy, 2025. "Far-right mass protests and their effects on internal migration," ZEW Discussion Papers 25-045, ZEW - Leibniz Centre for European Economic Research.
    97. Eugenio Levi & Isabelle Sin & Steven Stillman, 2024. "The lasting impact of external shocks on political opinions and populist voting," Economic Inquiry, Western Economic Association International, vol. 62(1), pages 349-374, January.
    98. Dylan Yahampath & Petar Stankov & Martin Enilov, 2025. "When will Voters Re-elect Populists? Lessons from COVID-19 in Brazil," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 67(4), pages 867-895, December.
    99. Chen, Zhuo & Hu, Xinyan & Xu, Jinhai, 2025. "Rise of meritocracy: Effects of land titling on village chief elections in China," Land Use Policy, Elsevier, vol. 157(C).
    100. Dautović, Ernest & Hsieh, Robin, 2024. "Government-guaranteed credit and populism," Working Paper Series 2993, European Central Bank.
    101. Christopher Ball & Federica Weßel, 2026. "Populism and the Re-birth of Manufacturing: New Trends or Empty Promises?," Jena Economics Research Papers 2026-005, Friedrich-Schiller-University Jena.

  28. Müller, Gernot & Born, Benjamin & Schularick, Moritz & SedlÃ¡Ä ek, Petr, 2019. "The macroeconomic impact of Trump," CEPR Discussion Papers 13798, Centre for Economic Policy Research.

    Cited by:

    1. Fetzer, Thiemo & Yotzov, Ivan, 2023. "(How) Do electoral surprises drive business cycles? Evidence from a new dataset," CAGE Online Working Paper Series 672, Competitive Advantage in the Global Economy (CAGE).
    2. Andreas Brunhart & Martin Geiger, 2025. "Sectoral effects of exchange rate shocks: goods exports and the appreciation of the Swiss Franc in 2015," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 161(1), pages 1-25, December.
    3. Wysocki, Maciej & Wojcik, Cezary & Freytag, Andreas, 2024. "Populists and fiscal policy: The case of Poland," European Journal of Political Economy, Elsevier, vol. 83(C).
    4. Funke, Manuel & Schularick, Moritz & Trebesch, Christoph, 2022. "Populist Leaders and the Economy," CEPR Discussion Papers 15405, Centre for Economic Policy Research.
    5. Bibek Adhikari, 2022. "A Guide to Using the Synthetic Control Method to Quantify the Effects of Shocks, Policies, and Shocking Policies," The American Economist, Sage Publications, vol. 67(1), pages 46-63, March.
    6. Di Tommaso, Marco Rodolfo & Prodi, Elena & Di Matteo, Dante & Barbieri, Elisa, 2025. "Structural change and its discontents," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 438-455.
    7. Ana Venâncio & João Pereira dos Santos, 2022. "The Effect of Brexit on British Workers Living in the EU," CESifo Working Paper Series 9659, CESifo.
    8. Jan Philipp Fritsche & Patrick Christian Harms, 2020. "Better off without the Euro? A Structural VAR Assessment of European Monetary Policy," Discussion Papers of DIW Berlin 1907, DIW Berlin, German Institute for Economic Research.
    9. Michal Brzezinski & Katarzyna Sałach‐Dróżdż, 2024. "The short‐term macroeconomic impact of populism: A case study of Poland," Economics and Politics, Wiley Blackwell, vol. 36(2), pages 832-867, July.
    10. Pan, Wei-Fong, 2023. "The effect of populism on high-skilled migration: Evidence from inventors," European Journal of Political Economy, Elsevier, vol. 79(C).
    11. Ferrari, Alessandro & Rogantini Picco, Anna, 2023. "Risk sharing and the adoption of the Euro," Journal of International Economics, Elsevier, vol. 141(C).
    12. Sergei Guriev & Elias Papaioannou, 2022. "The Political Economy of Populism," Sciences Po Economics Publications (main) hal-03874305, HAL.
    13. Gabriel, Ricardo Duque & Pessoa, Ana Sofia, 2020. "Adopting the Euro: a synthetic control approach," MPRA Paper 99391, University Library of Munich, Germany.
    14. Sergei Guriev, 2020. "Labor market performance and the rise of populism," World of Labour, LISER, pages 479-479, July.

  29. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick, 2019. "The College Wealth Divide: Education and Inequality in America, 1956-2016," CESifo Working Paper Series 7726, CESifo.

    Cited by:

    1. Rafael Mariam Camarero & Gilles Dufrénot & Cecilio Tamarit, 2021. "How do inequalities affect the natural interest rate, and how do they impact monetary policy? Comparing Germany, Japan and the US," Working Papers 2105, Department of Applied Economics II, Universidad de Valencia.
    2. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick, 2020. "The College Wealth Divide Continues to Grow," Economic Synopses, Federal Reserve Bank of St. Louis, issue 1, January.
    3. Xia Zhou & Shaoyong Lai, 2023. "The mutual influence of knowledge and individual wealth growth," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 96(6), pages 1-22, June.
    4. Finer, David Andrew, 2022. "No Shock Waves through Wall Street? Market Responses to the Risk of Nuclear War," Working Papers 318, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    5. Chaliasos, Michael & Jansson, Thomas & Karabulut, Yigitcan, 2025. "Wealth inequality: Opportunity for me or for others?," IMFS Working Paper Series 216, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).

  30. Schularick, Moritz & Hünnekes, Franziska & Trebesch, Christoph, 2019. "Exportweltmeister: The Low Returns on Germany’s Capital Exports," CEPR Discussion Papers 13863, Centre for Economic Policy Research.

    Cited by:

    1. Joyce, Joseph, 2021. "The International Distribution of FDI Income And Its Impact on Income Inequality," MPRA Paper 106448, University Library of Munich, Germany.
    2. Hüther, Michael, 2020. "Mangelt es den Deutschen an Wachstumsfantasie?," IW policy papers 3/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    3. Fadinger, Harald & Herkenhoff, Philipp & Schymik, Jan, 2024. "Quantifying the Germany shock: Structural labor-market reforms and spillovers in a currency union," Journal of International Economics, Elsevier, vol. 150(C).
    4. Fadinger, Harald & Herkenhoff, Philipp & Schymik, Jan, 2024. "Reprint of: Quantifying the Germany shock: Structural labor-market reforms and spillovers in a currency union," Journal of International Economics, Elsevier, vol. 149(C).

  31. Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz, 2019. "The Total Risk Premium Puzzle," CEPR Discussion Papers 13595, Centre for Economic Policy Research.

    Cited by:

    1. Lars Hultkrantz, 2021. "Discounting in economic evaluation of healthcare interventions: what about the risk term?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(3), pages 357-363, April.
    2. NguyenHuu, Tam, 2022. "The impacts of rare disasters on asset returns and risk premiums in advanced economies (1870–2015)," Finance Research Letters, Elsevier, vol. 45(C).
    3. Jaime Alberto Londo~no, 2026. "Short-horizon Duesenberry Equilibrium," Papers 2603.16108, arXiv.org, revised Mar 2026.
    4. Geoffrey Meen & Alexander Mihailov & Yehui Wang, 2022. "On the long-run solution to aggregate housing systems," Urban Studies, Urban Studies Journal Limited, vol. 59(1), pages 178-196, January.
    5. Fehrle, Daniel & Heiberger, Christopher, 2024. "The return on everything and the business cycle in production economies," Economic Modelling, Elsevier, vol. 136(C).
    6. Łukowski, Michał & Gemra, Kamil & Maruszewski, Janusz & Śliwiński, Paweł & Zygmanowski, Piotr, 2020. "Equity premium puzzle — Evidence from Poland," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).
    7. Jaccard, Ivan, 2021. "Leveraged property cycles," Working Paper Series 2539, European Central Bank.

  32. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2018. "The Rate of Return on Everything, 1870-2015," CESifo Working Paper Series 6899, CESifo.

    Cited by:

    1. Athanasios Geromichalos & Lucas Herrenbrueck, 2022. "The Liquidity-Augmented Model of Macroeconomic Aggregates: A New Monetarist DSGE Approach," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 134-167, July.
    2. Garcia, Daniel & Molloy, Raven, 2025. "Reexamining lackluster productivity growth in construction," Regional Science and Urban Economics, Elsevier, vol. 113(C).
    3. Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben & Steger, Thomas, 2021. "Distributional consequences of surging housing rents," Journal of Economic Theory, Elsevier, vol. 196(C).
    4. Nitschka, Thomas & Satkurunathan, Shajivan, 2021. "Habits die hard: implications for bond and stock markets internationally," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242358, Verein für Socialpolitik / German Economic Association.
    5. Dávila-Fernández, Marwil J. & Punzo, Lionello F., 2021. "The Kuznets curve of the rich," Economic Systems, Elsevier, vol. 45(4).
    6. Sergi Basco & Jair N. Ojeda-Joya, 2024. "House Prices and International Remittances: Evidence from Colombia," Borradores de Economia 1273, Banco de la Republica de Colombia.
    7. Roberto Iacono & Elisa Palagi, 2023. "A micro perspective on r > g," Economica, London School of Economics and Political Science, vol. 90(358), pages 531-556, April.
    8. Agnès Bénassy-Quéré & Hippolyte d'Albis, 2021. "Taxing capital and labor when both factors are imperfectly mobile internationally," PSE Working Papers halshs-03134050, HAL.
    9. Kishor, N. Kundan & Konkel, Rebecca & Yoon, Jangsu & Zhao, Tian, 2023. "Bridging the racial disparity in wealth creation in Milwaukee," MPRA Paper 117686, University Library of Munich, Germany.
    10. Arvai, Kai & Coimbra, Nuno, 2025. "Privilege Lost? The Rise and Fall of a Dominant Global Currency," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325376, Verein für Socialpolitik / German Economic Association.
    11. Kim, Duhyeong, 2023. "International effects of quantitative easing and foreign exchange intervention," Journal of International Economics, Elsevier, vol. 145(C).
    12. Waitkus, Nora & Savage, Mike & Toft, Maren, 2025. "Wealth and class analysis: exploitation, closure and exclusion," LSE Research Online Documents on Economics 124534, London School of Economics and Political Science, LSE Library.
    13. Taylor, Alan M. & Davis, Josh, 2019. "The Leverage Factor: Credit Cycles and Asset Returns," CEPR Discussion Papers 14115, Centre for Economic Policy Research.
    14. Isaiah Hull & Conny Olovsson & Karl Walentin & Andreas Westermark, 2022. "Manufacturing Decline and House Price Volatility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 264-281, July.
    15. Marco Del Negro & Domenico Giannone & Marc Giannoni & Andrea Tambalotti, 2018. "Global trends in interest rates," Staff Reports 866, Federal Reserve Bank of New York.
    16. Josef Schroth, 2021. "Optimal Monetary and Macroprudential Policies," Staff Working Papers 21-21, Bank of Canada.
    17. Steger, Thomas & Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben, 2019. "Distributional Effects of Surging Housing Costs under Schwabe`s Law of Rent," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203613, Verein für Socialpolitik / German Economic Association.
    18. Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi & Alessandro Rebucci, 2020. "A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model," NBER Working Papers 27855, National Bureau of Economic Research, Inc.
    19. Uta Bolt & Eric French & Jamie Hentall MacCuish & Cormac O'Dea, 2023. "Intergenerational Altruism and Transfers of Time and Money: A Life Cycle Perspective," Opportunity and Inclusive Growth Institute Working Papers 69, Federal Reserve Bank of Minneapolis.
    20. Lorenzo Pozzi, "undated". "Housing returns and intertemporal substitution in consumption: estimates for industrial economies," Tinbergen Institute Discussion Papers 22-044/VI, Tinbergen Institute.
    21. Meyer, Josefin & Reinhart, Carmen M. & Trebesch, Christoph, 2021. "Sovereign bonds since Waterloo," Kiel Working Papers 2206, Kiel Institute for the World Economy.
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    2. An, Hui & Huang, Yang & Fan, Lifu & Wang, Hao & He, Xuan, 2025. "The impact of the global financial cycle on China's cross-border capital flows," China Economic Review, Elsevier, vol. 91(C).
    3. Zhang, Mi & Sensoy, Ahmet & Cheng, Feiyang & Zhao, Xuankai, 2022. "Three channels of monetary policy international transmission: Identifying spillover effects from the US to China," Research in International Business and Finance, Elsevier, vol. 61(C).
    4. Riccardo Degasperi & Fabrizio Venditti, 2024. "US monetary policy spillovers to the euro area," Questioni di Economia e Finanza (Occasional Papers) 891, Bank of Italy, Economic Research and International Relations Area.
    5. Potjagailo, Galina & Wolters, Maik H., 2019. "Global financial cycles since 1880," IMFS Working Paper Series 132, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    6. Jursa, Lukáš & Janků, Jan, 2025. "From the core to the European periphery: Spillover effects of financial cycles," Emerging Markets Review, Elsevier, vol. 68(C).
    7. Schularick, Moritz & ter Steege, Lucas & Ward, Felix, 2020. "Leaning against the wind and crisis risk," CEPR Discussion Papers 14797, Centre for Economic Policy Research.
    8. Fraiberger, Samuel P. & Lee, Do & Puy, Damien & Ranciere, Romain, 2021. "Media sentiment and international asset prices," Journal of International Economics, Elsevier, vol. 133(C).
    9. Bekaert, Geert & Hoerova, Marie & Xu, Nancy R., 2023. "Risk, monetary policy and asset prices in a global world," Working Paper Series 2879, European Central Bank.
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    41. Amat Adarov, 2022. "Financial cycles around the world," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3163-3201, July.
    42. Kim, Dong-Hyeon & Lin, Shu-Chin & Liu, Peiyao & Liu, Jiaqi, 2025. "Financial development and the nexus between inflation and wealth inequality," Journal of Multinational Financial Management, Elsevier, vol. 80(C).
    43. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Finance and Economics Discussion Series 2022-006, Board of Governors of the Federal Reserve System (U.S.).
    44. Akdi, Yilmaz & Varlik, Serdar & Berument, M. Hakan, 2020. "Duration of Global Financial Cycles," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 549(C).
    45. C. Bora Durdu & Alex Martin & Ilknur Zer, 2020. "The Role of US Monetary Policy in Banking Crises Across the World," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 66-107, March.
    46. Pawel Dlotko & Simon Rudkin & Wanling Qiu, 2019. "Topologically Mapping the Macroeconomy," Papers 1911.10476, arXiv.org.
    47. Xin Tian & Jan Jacobs & Jakob de Haan, 2022. "Alternative Measures for the Global Financial Cycle: Do They Make a Difference?," CESifo Working Paper Series 9730, CESifo.
    48. Fang, Yi & Wang, Yanru & Yuan, Yan & Zhang, Moyan, 2024. "Urban air pollution and systemic risk of the real estate market in China," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    49. Carrera, Jorge & Montes-Rojas, Gabriel & Toledo, Fernando, 2023. "Global financial cycle, commodity terms of trade and financial spreads in emerging markets and developing economies," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 179-190.
    50. Croitorov, Olga & Giovannini, Massimo & Hohberger, Stefan & Ratto, Marco & Vogel, Lukas, 2020. "Financial spillover and global risk in a multi-region model of the world economy," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 185-218.
    51. Silvia Miranda-Agrippino & Tsvetelina Nenova & Helene Rey, 2020. "Global Footprints of Monetary Policy," Discussion Papers 2004, Centre for Macroeconomics (CFM).
    52. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    53. Adarov, Amat, 2021. "Dynamic interactions between financial cycles, business cycles and macroeconomic imbalances: A panel VAR analysis," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 434-451.
    54. Pierre‐Richard Agénor & Timothy P. Jackson & Luiz A. Pereira da Silva, 2023. "Global banking, financial spillovers and macroprudential policy coordination," Economica, London School of Economics and Political Science, vol. 90(359), pages 1003-1040, July.
    55. Catherine Georgiou, 2025. "Puzzling behavioral mechanisms under extreme market conditions: A bibliometric and systematic literature review," Bulletin of Applied Economics, Risk Market Journals, vol. 12(2), pages 209-229.
    56. Agnello, Luca & Castro, Vítor & Sousa, Ricardo M., 2022. "On the international co-movement of natural interest rates," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    57. J. Scott Davis & Eric Van Wincoop, 2021. "A Theory of Gross and Net Capital Flows over the Global Financial Cycle," Globalization Institute Working Papers 410, Federal Reserve Bank of Dallas, revised 20 Dec 2022.
    58. Uwe Vollmer, 2022. "Monetary policy or macroprudential policies: What can tame the cycles?," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1510-1538, December.
    59. Kollar, Miroslav & Schmieder, Christian, 2019. "Macro-based asset allocation: An empirical analysis," EIB Working Papers 2019/11, European Investment Bank (EIB).
    60. Dash, Pradyumna & Kumar, Ankit & Subramanian, Chetan, 2026. "International spillovers of US monetary policy on inequality," Economic Modelling, Elsevier, vol. 155(C).
    61. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    62. Michael Curran & Adnan Velic, 2018. "The CAPM, National Stock Market Betas, and Macroeconomic Covariates: A Global Analysis," Trinity Economics Papers tep0618, Trinity College Dublin, Department of Economics.
    63. Choi, Sun-Yong, 2022. "Credit risk interdependence in global financial markets: Evidence from three regions using multiple and partial wavelet approaches," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    64. Bouvatier, Vincent & Delatte, Anne-Laure & Rehault, Pierre-Nicolas, 2022. "Measuring credit procyclicality: A new database," Emerging Markets Review, Elsevier, vol. 52(C).
    65. Monnet, Eric & bazot, guillaume & Morys, Matthias, 2019. "Taming the Global Financial Cycle: Central Banks and the Sterilization of Capital Flows in the First Era of Globalization (1891," CEPR Discussion Papers 13895, Centre for Economic Policy Research.
    66. Amat Adarov, 2023. "Financial cycles in Europe: dynamics, synchronicity and implications for business cycles and macroeconomic imbalances," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(2), pages 551-583, May.
    67. Ren, Yi-Shuai & Klein, Tony & Jiang, Yong, 2024. "Monetary policy uncertainty and green investment decisions: A cross-national spillover perspective," International Review of Financial Analysis, Elsevier, vol. 96(PA).
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    70. Arif Widodo, 2020. "Measuring Cyclical Behavior of Islamic and Conventional Financing: Evidence from Indonesian Dual Banking System قياس سلوك التمويل الإسلامي والتمويل التقليدي: دليل من النظام المصرفي الإندونيسي المزدوج," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 173-192, July.
    71. Loipersberger, Florian & Matschke, Johannes, 2022. "Financial cycles and domestic policy choices," European Economic Review, Elsevier, vol. 143(C).
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    73. Anagnostopoulos, Alexios & Atesagaoglu, Orhan Erem & Faraglia, Elisa & Giannitsarou, Chryssi, 2022. "Cross country stock market comovement: A macro perspective," Journal of Monetary Economics, Elsevier, vol. 130(C), pages 34-48.
    74. John Beirne & Nuobu Renzhi & Ulrich Volz, 2023. "When the United States and the People’s Republic of China Sneeze: Monetary Policy Spillovers to Asian Economies," Open Economies Review, Springer, vol. 34(3), pages 519-540, July.
    75. Avdjiev, Stefan & Binder, Stephan & Sousa, Ricardo, 2021. "External debt composition and domestic credit cycles," Journal of International Money and Finance, Elsevier, vol. 115(C).
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  35. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.

    Cited by:

    1. Jorge E. Galán, 2020. "The benefits are at the tail: uncovering the impact of macroprudential policy on growth-at-risk," Working Papers 2007, Banco de España.
    2. Coman, Andra, 2025. "Monetary policy spillovers and the role of prudential policies in the European Union," International Review of Economics & Finance, Elsevier, vol. 99(C).
    3. Khwazi Magubane, 2024. "Financial cycles synchronisation in South Africa. A dynamic conditional correlation (DCC) Approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 12(1), pages 2321069-232, December.
    4. David Aikman & Jonathan Bridges & Sinem Hacioglu Hoke & Cian O’Neill & Akash Raja, 2019. "Credit, capital and crises: a GDP-at-Risk approach," Bank of England working papers 824, Bank of England.
    5. Khwazi Magubane & Ntokozo Patrick Nzimande, 2024. "A Structural Vector Autoregression Exploration of South Africa’s Monetary and Macroprudential Policy Interactions," Economies, MDPI, vol. 12(10), pages 1-32, October.
    6. Simona Malovaná & Martin Hodula & Zuzana Gric & Josef Bajzík, 2025. "Borrower‐based macroprudential measures and credit growth: How biased is the existing literature?," Journal of Economic Surveys, Wiley Blackwell, vol. 39(1), pages 66-102, February.
    7. Ayşegül Ladin SÜMER, 2021. "Evaluation of the methodological relationship between real business cycle model and macroprudential policy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(628), A), pages 57-64, Autumn.
    8. Elien Meuleman & Rudi Vander Vennet, 2019. "Macroprudential Policy And Bank Systemic Risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/971, Ghent University, Faculty of Economics and Business Administration.
    9. Marco Bardoscia & Adrian Carro & Marc Hinterschweiger & Mauro Napoletano & Lilit Popoyan & Andrea Roventini & Arzu Uluc, 2024. "The impact of prudential regulations on the UK housing market and economy: Insights from an agent-based model," Working Papers 118, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    10. Coman, Andra & Lloyd, Simon P., 2022. "In the face of spillovers: Prudential policies in emerging economies," Journal of International Money and Finance, Elsevier, vol. 122(C).
    11. Khwazi Magubane, 2024. "Exploring causal interactions between macroprudential policy and financial cycles in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(5), pages 513-531, July.
    12. Elien Meuleman & Rudi Vander Vennet, 2020. "Macroprudential policy, monetary policy and Eurozone bank risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 20/1004, Ghent University, Faculty of Economics and Business Administration.
    13. Coman, Andra, 2023. "Monetary policy spillovers and the role of prudential policies in the European Union," Working Paper Series 2854, European Central Bank.
    14. Kim, Jihae & Kim, Soyoung & Mehrotra, Aaron, 2019. "Macroprudential policy in Asia," Journal of Asian Economics, Elsevier, vol. 65(C).
    15. Grégory LEVIEUGE & Jose David GARCIA REVELO, 2020. "When could macroprudential and monetary policies be in conflict?," LEO Working Papers / DR LEO 2749, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    16. Kolasa, Marcin & Wesołowski, Grzegorz, 2023. "Quantitative easing in the US and financial cycles in emerging markets," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
    17. Mr. Itai Agur, 2018. "Monetary and Macroprudential Policy Coordination Among Multiple Equilibria," IMF Working Papers 2018/235, International Monetary Fund.
    18. Marina Tiunova, 2019. "Commodity and Financial Cycles in Resource-based Economies," Russian Journal of Money and Finance, Bank of Russia, vol. 78(3), pages 38-70, September.
    19. Mirjalili, Seyed Hossein & Nafiseh Keshtgar & Mosayeb Pahlavani, 2021. "Macro-prudential policies and financial cycle in Iran," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 13(1), pages 95-114.
    20. Lo Duca, Marco & Hallissey, Niamh & Jurca, Pavol & Kouratzoglou, Charalampos & Lima, Diana & Pirovano, Mara & Prapiestis, Algirdas & Saldías, Martín & Tereanu, Eugen & Bartal, Mehdi & Giedraitė, Edita, 2023. "The more the merrier? Macroprudential instrument interactions and effective policy implementation," Occasional Paper Series 310, European Central Bank.
    21. Franta, Michal & Gambacorta, Leonardo, 2020. "On the effects of macroprudential policies on Growth-at-Risk," Economics Letters, Elsevier, vol. 196(C).

  36. Burhop, Carsten & Scholtyseck, Joachim & Schularick, Moritz & Thomes, Paul, 2017. "Editorial," IBF Paper Series 01-17, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.

    Cited by:

    1. Miguel Artola Blanco & Luis Estévez Bauluz & Clara Martinez-Toledano, 2018. "Wealth in Spain, 1900-2014: A Country of Two Lands," Working Papers hal-02878216, HAL.

  37. Benjamin Born & Gernot J. Müller & Moritz Schularick & Petr Sedlacek, 2017. "The Economic Consequences of the Brexit Vote," Discussion Papers 1738, Centre for Macroeconomics (CFM).

    Cited by:

    1. Hobijn, Bart & Nechio, Fernanda & Shapiro, Adam Hale, 2021. "Using Brexit to identify the nature of price rigidities," Journal of International Economics, Elsevier, vol. 130(C).
    2. Deyan Radev & Georgi Penev, 2022. "Brexit and the Fintech Revolution in Europe - Lessons from the Bulgarian Digital Finance Cluster," Bulgarian Economic Papers bep-2022-07, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Aug 2022.
    3. Ilhamah Qiamy & Fahim Nawaz & Syed Umair Jalal, 2018. "The United Kingdom and Brexit: Implications, Consequences and Opportunities," Global Economics Review, Humanity Only, vol. 3(2), pages 1-11, December.
    4. Breinlich, Holger & Leromain, Elsa & Novy, Dennis & Sampson, Thomas & Usman, Ahmed, 2018. "The Economic Effects of Brexit - Evidence from the Stock Market," CEPR Discussion Papers 13147, Centre for Economic Policy Research.
    5. Hamdi Jbir, 2025. "Does financial stability communication affect financial asset prices? Evidence from the Bank of England's communication experiment," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1831-1855, April.
    6. Barry Eichengreen & William Jungerman & Mingyang Liu, 2020. "Brexit, the City of London, and the prospects for portfolio investment," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(1), pages 1-16, February.
    7. Tihana Škrinjarić, 2019. "Stock Market Reactions to Brexit: Case of Selected CEE and SEE Stock Markets," IJFS, MDPI, vol. 7(1), pages 1-14, January.
    8. Martin Braml & Gabriel Felbermayr, 2019. "Quo vadis, Brexitannia?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(02), pages 32-39, January.
    9. Catherine Georgiou, 2020. "The British Stock Market under the Structure of Market Capitalization Value: New Evidence on its Predictive Content," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 13(3), pages 56-69, December.
    10. Maricel Linares Giraldo & William Rodrigo Avenda�o Castro & Johanna Milena Mogrovejo Andrade, 2020. "Implicaciones geopolíticas y económicas del Brexit en la Unión Europea," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 36(70), pages 14-41.
    11. Kym Anderson & Glyn Wittwer, 2018. "Cumulative Effects of Brexit and Other UK and EU27 Bilateral FTAs on the World's Wine Markets," Wine Economics Research Centre Working Papers 2018-01, University of Adelaide, Wine Economics Research Centre.
    12. Anderson, Kym & Wittwer, Glyn, 2018. "Cumulative Effects of Brexit and Other UK and EU27 Bilateral FTAs on the World’s Wine Markets," CEPR Discussion Papers 12621, Centre for Economic Policy Research.
    13. Douch, Mustaph & Huw Edwards, T., 2021. "The Brexit policy shock: Were UK services exports affected, and when?," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 248-263.
    14. Paul J.J. Welfens & Tian Xiong, 2018. "BREXIT Perspectives: Financial Market Dynamics, Welfare Aspects and Problems from Slower Growth," EIIW Discussion paper disbei249, Universitätsbibliothek Wuppertal, University Library.
    15. Kevin Ralston & Dawn Everington & Zhiqiang Feng & Chris Dibben, 2022. "Economic Inactivity, Not in Employment, Education or Training (NEET) and Scarring: The Importance of NEET as a Marker of Long-Term Disadvantage," Work, Employment & Society, British Sociological Association, vol. 36(1), pages 59-79, February.

  38. Benjamin Born & Gernot Müller & Moritz Schularick & Petr Sedláček, 2017. "The Costs of Economic Nationalism: Evidence from the Brexit Experiment," CESifo Working Paper Series 6780, CESifo.

    Cited by:

    1. Ruthardt, Fabian & Potrafke, Niklas & Wüthrich, Kaspar, 2021. "Protectionism and economic growth: Causal evidence from the first era of globalization," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242425, Verein für Socialpolitik / German Economic Association.
    2. Charotti, Carlos J. & Palma, Nuno & Pereira dos Santos, João, 2025. "American treasure and the decline of Spain," European Economic Review, Elsevier, vol. 180(C).
    3. Cruz A. Echevarría & Serhat Hasancebi & Javier García-Enríquez, 2022. "Economic Effects of Macao’s Integration with Mainland China: A Causal Inference Study," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 37(2), pages 179-215.
    4. Campos, Nauro F., 2019. "B for Brexit: A Survey of the Economics Academic Literature," IZA Discussion Papers 12134, IZA Network @ LISER.
    5. Matej Opatrny, 2021. "The impact of the Brexit vote on UK financial markets: a synthetic control method approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(2), pages 559-587, May.
    6. Mustapha Douch & Terence Huw Edwards, 2022. "The bilateral trade effects of announcement shocks: Brexit as a natural field experiment," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 305-329, March.
    7. Fetzer, Thiemo & Wang, Shizhuo, 2020. "Measuring the Regional Economic Cost of Brexit: Evidence up to 2019," CEPR Discussion Papers 15051, Centre for Economic Policy Research.
    8. Bidisha Lahiri & Anurag Deb, 2022. "Impact of the Indian “demonetization” policy on its export performance," Empirical Economics, Springer, vol. 62(6), pages 2799-2825, June.
    9. Hobijn, Bart & Nechio, Fernanda & Shapiro, Adam Hale, 2021. "Using Brexit to identify the nature of price rigidities," Journal of International Economics, Elsevier, vol. 130(C).
    10. Tarek Alexander Hassan & Stephan Hollander & Laurence van Lent & Ahmed Tahoun, 2020. "The Global Impact of Brexit Uncertainty," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-332, Boston University - Department of Economics.
    11. Fetzer, Thiemo & Yotzov, Ivan, 2023. "(How) Do electoral surprises drive business cycles? Evidence from a new dataset," CAGE Online Working Paper Series 672, Competitive Advantage in the Global Economy (CAGE).
    12. Holger Breinlich & Elsa Leromain & Dennis Novy & Thomas Sampson, 2019. "Exchange rates and consumer prices: evidence from Brexit," CEP Discussion Papers dp1667, Centre for Economic Performance, LSE.
    13. Breinlich, Holger & Leromain, Elsa & Novy, Dennis & Sampson, Thomas, 2020. "Voting with their money: Brexit and outward investment by UK firms," European Economic Review, Elsevier, vol. 124(C).
    14. Born, Benjamin & Dietrich, Alexander & Müller, Gernot, 2020. "The lockdown effect: A counterfactual for Sweden," CEPR Discussion Papers 14744, Centre for Economic Policy Research.
    15. José-Luis Peydró & Francesc Rodriguez-Tous & Jagdish Tripathy & Arzu Uluc, 2020. "Macroprudential policy, mortgage cycles and distributional effects: Evidence from the UK," Bank of England working papers 866, Bank of England.
    16. Chen, Qian & Koch, Christoffer & Richardson, Gary & Sharma, Padma, 2025. "Suspensions of payments and their consequences," Journal of Financial Stability, Elsevier, vol. 78(C).
    17. Andreas Brunhart & Martin Geiger, 2025. "Sectoral effects of exchange rate shocks: goods exports and the appreciation of the Swiss Franc in 2015," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 161(1), pages 1-25, December.
    18. Crowley, M. A. & Palacios, M. D. & Faraglia, E. & Giannitsarou, C. & Havemeister, L., 2026. "Adapting to Brexit: The Response of Corporate Structures to Geopolitical Uncertainty," Cambridge Working Papers in Economics 2619, Faculty of Economics, University of Cambridge.
    19. Michael Peneder & Benjamin Bittschi & Anna Burton & Angela Köppl & Thomas Url, 2024. "The WIFO Radar of Competitiveness for the Austrian Economy 2023," WIFO Reports on Austria, WIFO, issue 2, January.
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    8. Mihai, Marius M. & Mansur, Iqbal, 2022. "Forecasting crash risk in U.S. bank returns—The role of credit booms," Journal of Corporate Finance, Elsevier, vol. 76(C).
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    30. Bluwstein, Kristina & Buckmann, Marcus & Joseph, Andreas & Kapadia, Sujit & Şimşek, Özgür, 2023. "Credit growth, the yield curve and financial crisis prediction: Evidence from a machine learning approach," Journal of International Economics, Elsevier, vol. 145(C).
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    36. Abramov, A. & Chernova, M., 2026. "Crises in stock markets: New understanding, analysis of magnitude and frequency," Journal of the New Economic Association, New Economic Association, vol. 70(1), pages 74-95.
    37. Gram, Dennis & Karapanagiotis, Pantelis & Krzyzanowski, Jan & Liebald, Marius & Walz, Uwe, 2021. "An extensible model for historical financial data with an application to German company and stock market data," SAFE Working Paper Series 300, Leibniz Institute for Financial Research SAFE.
    38. Ristolainen, Kim & Roukka, Tomi & Nyberg, Henri, 2024. "A thousand words tell more than just numbers: Financial crises and historical headlines," Journal of Financial Stability, Elsevier, vol. 70(C).
    39. Enrico Perotti & Magdalena Rola-Janicka, 2022. "The Good, the Bad, and the Missed Boom," The Review of Financial Studies, Society for Financial Studies, vol. 35(11), pages 5025-5056.
    40. David Longworth, 2020. "The Era of Digital Financial Innovation: Lessons from Economic History on Regulation," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 568, March.

  40. Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2017. "The effects of quasi-random monetary experiments," CEPR Discussion Papers 11801, Centre for Economic Policy Research.

    Cited by:

    1. McLaughlin, Darragh & McLaughlin, Eoin & Kenny, Seán, 2025. "Taking a punt: Monetary experimentation and the Irish macroeconomic crisis of 1955-56," Accountancy, Economics, and Finance Working Papers 2025-01, Heriot-Watt University, Department of Accountancy, Economics, and Finance.
    2. Aina Puig, 2026. "Monetary Policy Transmission to Consumption: Inequalities by Gender and Race," Economics Working Paper Archive wp_1108, Levy Economics Institute.
    3. Fernández Romero, Daniel, 2025. "The fiscal multiplier in presence of unconventional monetary policy: Evidence for 17 OECD countries," Economic Modelling, Elsevier, vol. 147(C).
    4. Gabriel Jiménez & Dmitry Kuvshinov & José-Luis Peydró & Bjoern Richter, 2022. "Monetary policy, inflation, and crises: New evidence from history and administrative data," Economics Working Papers 1854, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    5. Andres Alonso-Robisco & Jose Carbo & Emily Kormanyos & Elena Triebskorn, 2025. "Houston, we have a problem: can satellite information bridge the climate-related data gap?," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Addressing climate change data needs: the central banks' contribution, volume 63, Bank for International Settlements.
    6. Asger Lau Andersen & Niels Johannesen & Mia Jørgensen & José-Luis Peydró, 2022. "Monetary Policy and Inequality," CEBI working paper series 22-09, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    7. Ekaterina Pirozhkova & Nicola Viegi, 2024. "The bank lending channel of monetary policy transmission in South Africa," Working Papers 11072, South African Reserve Bank.
    8. Gabriel, Ricardo Duque, 2023. "Monetary policy and the wage inflation-unemployment tradeoff," European Economic Review, Elsevier, vol. 159(C).
    9. Atsuki Hirata & Yusuke Takahashi & Naoya Kato, 2025. "Interest Rate Sensitivity of Capital Investment in Japan: An Analysis Using Panel LP-IV," Bank of Japan Working Paper Series 25-E-13, Bank of Japan.
    10. Christian Eufinger & Andrej Gill & Florian Hett, 2024. "Domestic financial conditions and MNCs’ global competitiveness: evidence from the Swiss franc shock," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(8), pages 1057-1068, October.
    11. Kerstin Bernoth, 2025. "Dovish Coos or Hawkish Screech? From Central Bank Talk to Economic Walk," Discussion Papers of DIW Berlin 2137, DIW Berlin, German Institute for Economic Research.
    12. Rafael Cezar & Eric Monnet, 2021. "Capital Controls and Foreign Reserves against External Shocks: Combined or Alone?," Working papers 849, Banque de France.
    13. Tafuro, Andrea, 2023. "Labour market rigidity and expansionary austerity," Journal of Macroeconomics, Elsevier, vol. 75(C).
    14. Paweł Kopiec, 2022. "A Theory of The Procyclical Effectiveness of Forward Guidance," KAE Working Papers 2022-081, Warsaw School of Economics, Collegium of Economic Analysis.
    15. Bekaert, Geert & Hoerova, Marie & Xu, Nancy R., 2023. "Risk, monetary policy and asset prices in a global world," Working Paper Series 2879, European Central Bank.
    16. Samuel Martinez & Daniel Ventosa-Santaulària, 2025. "In Search of the Lost Exchange Rate Pass-Through in Mexico," AMSE Working Papers 2536, Aix-Marseille School of Economics, France.
    17. Gonçalves, Sílvia & Herrera, Ana María & Kilian, Lutz & Pesavento, Elena, 2024. "State-dependent local projections," Journal of Econometrics, Elsevier, vol. 244(2).
    18. Juvenal, Luciana & Petrella, Ivan, 2024. "Unveiling the dance of commodity prices and the global financial cycle," Journal of International Economics, Elsevier, vol. 150(C).
    19. Sardar, Naafey & Sharma, Shahil, 2022. "Oil prices & stock returns: Modeling the asymmetric effects around the zero lower bound," Energy Economics, Elsevier, vol. 107(C).
    20. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, Centre for Economic Policy Research.
    21. Gaetano Basso & Salvatore Lo Bello & Francesca Subioli, 2023. "Labor market dynamics and geographical reallocations," Temi di discussione (Economic working papers) 1430, Bank of Italy, Economic Research and International Relations Area.
    22. Hasan, Iftekhar & Kwak, Boreum & Li, Xiang, 2024. "Financial technologies and the effectiveness of monetary policy transmission," European Economic Review, Elsevier, vol. 161(C).
    23. Casoli, Chiara & Manera, Matteo & Pedini, Luca & Valenti, Daniele, 2025. "“It’s not the heat, it’s the humidity!” New Climate Indices for Europe with a Multilevel Factor Model," FEEM Working Papers 376264, Fondazione Eni Enrico Mattei (FEEM).
    24. Kwak, Kyongjun & Granados, Camilo, 2025. "Dissecting capital flows: Do capital controls shield against foreign shocks?," Journal of Financial Stability, Elsevier, vol. 79(C).
    25. Joseph Kopecky & Giacomo Mangiante, 2025. "Monetary Policy Goes Boomer: The Effect of Population Age Structure on Policy Transmission," Trinity Economics Papers tep1725, Trinity College Dublin, Department of Economics.
    26. Buch, Claudia M. & Eickmeier, Sandra & Prieto, Esteban, 2022. "Banking deregulation, macroeconomic dynamics and monetary policy," Journal of Financial Stability, Elsevier, vol. 63(C).
    27. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2021. "Monetary Policy, External Finance and Investment," Working Papers 92, Red Nacional de Investigadores en Economía (RedNIE).
    28. Hernández, Juan R. & Ventosa-Santaulària, Daniel & Valencia, J. Eduardo, 2024. "Global supply chain inflationary pressures and monetary policy in Mexico," Emerging Markets Review, Elsevier, vol. 58(C).
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    30. Mehdi El Herradi & Aurélien Leroy, 2020. "Monetary policy and the top one percent: Evidence from a century of modern economic history," AMSE Working Papers 2047, Aix-Marseille School of Economics, France.
    31. Òscar Jordà & Fernanda Nechio & Toan Phan & Felipe Schwartzman, 2026. "Financial Conditions and Capital Investment Choices," Working Paper Series 2026-05, Federal Reserve Bank of San Francisco.
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    33. Hites Ahir & Nicholas Bloom & Davide Furceri, 2022. "The world uncertainty index," POID Working Papers 031, Centre for Economic Performance, LSE.
    34. Sangyup Choi & Tim Willems & Seung Yong Yoo, 2023. "Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach," Working papers 2023rwp-215, Yonsei University, Yonsei Economics Research Institute.
    35. Xin Sheng & Rangan Gupta & Oguzhan Cepni, 2022. "Persistence of State-Level Uncertainty of the United States: The Role of Climate Risks," Working Papers 202208, University of Pretoria, Department of Economics.
    36. Immaculate Machasio & Peter Tillmann, 2023. "Remittance flows and US monetary policy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 545-561, August.
    37. Holm-Hadulla, Fédéric & Pool, Sebastiaan, 2025. "Interest rate control and the transmission of monetary policy," Working Paper Series 3048, European Central Bank.
    38. Ruben Tarne & Dirk Bezemer, 2023. "ousing affordability in a monetary economy: an agent-based model of the Dutch housing market," IMK Working Paper 222-2023, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    39. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2018. "Monetary Policy, Corporate Finance and Investment," NBER Working Papers 25366, National Bureau of Economic Research, Inc.
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    42. Greg Howard & Jack Liebersohn, 2023. "Regional Divergence and House Prices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 312-350, July.
    43. Joseph Kopecky, 2021. "Okay Boomer... Excess Money Growth, Inflation, and Population Aging," Trinity Economics Papers tep0721, Trinity College Dublin, Department of Economics, revised Oct 2021.
    44. Juvenal, Luciana & Petrella, Ivan, 2024. "Reprint of “Unveiling the dance of commodity prices and the global financial cycle”," Journal of International Economics, Elsevier, vol. 149(C).
    45. Doojav, Gan-Ochir & Juragat, Arman, 2025. "Nonlinearities and state-dependence in the monetary transmission mechanism: Evidence from a commodity-dependent economy," International Economics, Elsevier, vol. 184(C).
    46. Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2019. "The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire," Economics Discussion Paper Series 1906, Economics, The University of Manchester, revised May 2022.
    47. Ankita Prabhakar & Prasenjit Chakrabarti, 2026. "Impact of insolvency and bankruptcy code on public sector banks through credit lending channel. Indian experience," Journal of Banking Regulation, Palgrave Macmillan, vol. 27(1), pages 1-14, March.
    48. Chen, Hongyi & Tillmann, Peter, 2023. "Lockdown spillovers," Journal of International Money and Finance, Elsevier, vol. 137(C).
    49. Barci, Giovanni, 2025. "The effects of monetary policy on macroeconomic downside risk: state-dependence matters," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
    50. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    51. Gupta, Rangan & Sheng, Xin & van Eyden, Reneé & Wohar, Mark E., 2021. "The impact of disaggregated oil shocks on state-level real housing returns of the United States: The role of oil dependence," Finance Research Letters, Elsevier, vol. 43(C).
    52. Yener Coskun & Nicholas Apergis & Esra Alp Coskun, 2022. "Nonlinear responses of consumption to wealth, income, and interest rate shocks," Empirical Economics, Springer, vol. 63(3), pages 1293-1335, September.
    53. Esra Alp Coşkun & Hakan Kahyaoglu & Chi Keung Marco Lau, 2023. "Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-34, December.
    54. Wang, Jian & Wu, Jason, 2021. "Is capital flow management effective? Evidence based on U.S. monetary policy shocks," Journal of International Money and Finance, Elsevier, vol. 118(C).
    55. Adam Brzezinski & Nuno Palma & Francois R. Velde, 2024. "Understanding Money Using Historical Evidence," Working Paper Series WP 2024-10, Federal Reserve Bank of Chicago.
    56. Ambrocio, Gene, 2023. "Demographic aging and the New Keynesian Phillips Curve," Bank of Finland Research Discussion Papers 16/2023, Bank of Finland.
    57. Maghyereh, Aktham & Abdoh, Hussein, 2021. "The effect of structural oil shocks on bank systemic risk in the GCC countries," Energy Economics, Elsevier, vol. 103(C).
    58. Tim Willems, 2018. "What Do Monetary Contractions Do? Evidence From Large, Unanticipated Tightenings," IMF Working Papers 2018/211, International Monetary Fund.
    59. Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2018. "Global Financial Cycles and Risk Premiums," Working Paper Series 2018-5, Federal Reserve Bank of San Francisco.
    60. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2023. "The non-linear response of US state-level tradable and non-tradable inflation to oil shocks: The role of oil-dependence," Research in International Business and Finance, Elsevier, vol. 64(C).
    61. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2024. "Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option," Working papers 2024rwp-228, Yonsei University, Yonsei Economics Research Institute.
    62. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Finance and Economics Discussion Series 2022-006, Board of Governors of the Federal Reserve System (U.S.).
    63. Kloosterman, Roben & Bonam, Dennis & van der Veer, Koen, 2024. "The effects of monetary policy across fiscal regimes," Journal of Macroeconomics, Elsevier, vol. 81(C).
    64. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    65. Jorge M. Uribe & Oscar Valencia, 2024. "Taking the Pulse of Fiscal Distress: Inflation, Depreciation, and Crises," IREA Working Papers 202416, University of Barcelona, Research Institute of Applied Economics, revised Dec 2024.
    66. Xin Sheng & Rangan Gupta & Wenting Liao & Oguzhan Cepni, 2024. "The Effects of Uncertainty on Economic Conditions across US States: The Role of Climate Risks," Working Papers 202410, University of Pretoria, Department of Economics.
    67. Ahmed, Rashad, 2021. "Monetary policy spillovers under intermediate exchange rate regimes," Journal of International Money and Finance, Elsevier, vol. 112(C).
    68. Otilia Boldea & Alastair R. Hall, 2025. "Testing for multiple change-points in macroeconometrics: an empirical guide and recent developments," Papers 2507.22204, arXiv.org.
    69. Ferrero, Andrea & Habib, Maurizio Michael & Stracca, Livio & Venditti, Fabrizio, 2022. "Leaning against the global financial cycle," Working Paper Series 2763, European Central Bank.
    70. Roben Kloosterman & Dennis Bonam & Koen van der Veer, 2022. "The effects of monetary policy across fiscal regimes," Working Papers 755, DNB.
    71. Apergis, Nicholas, 2021. "The role of housing market in the effectiveness of monetary policy over the Covid-19 era," Economics Letters, Elsevier, vol. 200(C).
    72. Schularick, Moritz & Richter, Björn & Shim, Ilhyock, 2018. "The Costs of Macroprudential Policy," CEPR Discussion Papers 13124, Centre for Economic Policy Research.
    73. Bertille Antoine & Otilia Boldea & Niccolo Zaccaria, 2024. "Efficient two-sample instrumental variable estimators with change points and near-weak identification," Papers 2406.17056, arXiv.org.
    74. Elisabetta Cappa & Francesco Lamperti & Gianluca Pallante, 2024. "Creating Jobs Out of the Green: The Employment Effects of the Energy Transition," LEM Papers Series 2024/21, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    75. Adra, Samer & Menassa, Elie, 2021. "Monetary policy and information production in the secondary market," Economics Letters, Elsevier, vol. 207(C).
    76. Òscar Jordà & Fernanda Nechio, 2019. "Inflation Globally," Working Papers Central Bank of Chile 850, Central Bank of Chile.
    77. Tim Willems, 2020. "What Do Monetary Contractions Do? Evidence From Large Tightenings," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 41-58, October.
    78. Rodrigo Guimaraes & Gabor Pinter & Jean-Charles Wijnandts, 2023. "The liquidity state-dependence of monetary policy transmission," Bank of England working papers 1045, Bank of England.
    79. Nandnaba, Sarah & Hailemariam, Abebe & Gupta, Rangan & Sheng, Xin, 2025. "Oil consumption and growth: Is there a threshold effect of greenhouse gases emissions," Innovation and Green Development, Elsevier, vol. 4(3).
    80. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    81. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.
    82. John Kandrac, 2021. "Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession," Finance and Economics Discussion Series 2021-061, Board of Governors of the Federal Reserve System (U.S.).
    83. Ben Cheikh, Nidhaleddine & Ben Zaied, Younes & Nguyen, Duc Khuong, 2025. "Financial inclusion and energy access in sub-Saharan Africa," Research in International Business and Finance, Elsevier, vol. 79(C).
    84. Antoine Levy & Mr. Luca A Ricci & Alejandro M. Werner, 2020. "The Sources of Fiscal Fluctuations," IMF Working Papers 2020/220, International Monetary Fund.
    85. List, Sophia & Metiu, Norbert, 2025. "Monetary policy, central bank information, and bank lending: Evidence from German banks," Discussion Papers 06/2025, Deutsche Bundesbank.
    86. Altavilla, Carlo & Laeven, Luc & Peydró, José-Luis, 2020. "Monetary and Macroprudential Policy Complementarities: evidence from European credit registers," CEPR Discussion Papers 15539, Centre for Economic Policy Research.
    87. El Herradi, Mehdi & Leroy, Aurélien, 2020. "Do rising top incomes fuel credit expansion?," Economics Letters, Elsevier, vol. 196(C).
    88. Martin Harding & Mathias Klein, 2022. "Monetary policy and household net worth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 125-151, April.
    89. Junli Cheng & Feng Lin, 2022. "The Dynamic Effects of Urban–Rural Income Inequality on Sustainable Economic Growth under Urbanization and Monetary Policy in China," Sustainability, MDPI, vol. 14(11), pages 1-23, June.
    90. Liu, Qing & Luo, Wenlan & Xiong, Qiaoqin, 2025. "Monetary policy in China: High-frequency shocks and the signaling effects," China Economic Review, Elsevier, vol. 94(PA).
    91. Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).
    92. Atems, Bebonchu & Sardar, Naafey, 2021. "Exploring asymmetries in the effects of El Niño-Southern Oscillation on U.S. food and agricultural stock prices," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 1-14.
    93. Albertazzi, Ugo & Hooft, James ’t & Ter Steege, Lucas, 2025. "The causal effect of inflation on financial stability, evidence from history," Working Paper Series 3108, European Central Bank.
    94. Andrea Tafuro, 2024. "Lagging behind: the hysteresis of austerity," Empirical Economics, Springer, vol. 66(1), pages 327-368, January.
    95. Alam, M. Jahangir & Alvi, Eskander, 2024. "The long-run effects of monetary policy: The role of R&D investment in economic growth," Economic Modelling, Elsevier, vol. 137(C).
    96. Hauptmeier, Sebastian & Holm-Hadulla, Fédéric & Renault, Théodore, 2022. "Risk sharing and monetary policy transmission," Working Paper Series 2746, European Central Bank.
    97. Lucidi, Francesco Simone & Semmler, Willi, 2022. "Supervisory shocks to banks' credit standards and their macroeconomic impact," Journal of Financial Stability, Elsevier, vol. 58(C).
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    106. Nana, Ibrahim & Tabe-Ojong, Martin Paul, 2023. "Evolution of Global Value Chains Participation and Economic Growth in Africa," Sustainable Global Supply Chains Discussion Papers 5, Research Network Sustainable Global Supply Chains.
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  41. Taylor, Alan M. & Jordà , Òscar & Richter, Björn & Schularick, Moritz, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," CEPR Discussion Papers 11934, Centre for Economic Policy Research.

    Cited by:

    1. Andreas Haufler & Christoph Lülfesmann, 2022. "Voluntary Equity, Project Risk, and Capital Requirements," CESifo Working Paper Series 9505, CESifo.
    2. Gabriel Jiménez & Dmitry Kuvshinov & José-Luis Peydró & Bjoern Richter, 2022. "Monetary policy, inflation, and crises: New evidence from history and administrative data," Economics Working Papers 1854, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    3. Moreira, Fernando, 2022. "Are we living in an illusion? A fresh look at the importance of bank capital in the quest for stability," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 76(C).
    4. Kuvshinov, Dmitry & Richter, Björn & Zimmermann, Kaspar, 2022. "The shifts and the shocks: bank risk, leverage, and the macroeconomy," Working Paper Series 2672, European Central Bank.
    5. Emmanuel C. Mamatzakis & Mike G. Tsionas, 2021. "A Bayesian panel stochastic volatility measure of financial stability," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5363-5384, October.
    6. Hartarska, Valentina & Nadolnyak, Denis & Chen, Rui, 2025. "Banking crises and the performance of microfinance institutions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 102(C).
    7. Tang, John P. & Basco, Sergi, 2023. "Banks, credit supply, and the life cycle of firms: Evidence from late nineteenth century Japan," Journal of Banking & Finance, Elsevier, vol. 154(C).
    8. André F. Silva, 2019. "Strategic Liquidity Mismatch and Financial Sector Stability," Finance and Economics Discussion Series 2019-082, Board of Governors of the Federal Reserve System (U.S.).
    9. Rubio, Margarita & Yao, Fang, 2020. "Bank capital, financial stability and Basel regulation in a low interest-rate environment," International Review of Economics & Finance, Elsevier, vol. 67(C), pages 378-392.
    10. Siddiki, Jalal, 2025. "Homeownership in the UK: The role of wealth inequality and family life cycles," Economic Modelling, Elsevier, vol. 151(C).
    11. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    12. Douglas Kiarelly Godoy de Araujo, 2023. "gingado: a machine learning library focused on economics and finance," BIS Working Papers 1122, Bank for International Settlements.
    13. Falk Bräuning & Viacheslav Sheremirov, 2023. "The Historical Effects of Banking Distress on Economic Activity," Current Policy Perspectives 96216, Federal Reserve Bank of Boston.
    14. Simon Baumgartner & Alex Stomper & Thomas Schober & Rudolf Winter-Ebmer, 2023. "Banking on Snow: Bank Capital, Risk, and Employment," Working Papers 2023-02, Auckland University of Technology, Department of Economics.
    15. Nikita Sharma & Sonali Jain, 2025. "Do bank capital and liquidity truly shield against systemic risk: evidence from the global banking sector," Journal of Regulatory Economics, Springer, vol. 68(2), pages 173-230, October.
    16. Raphaël Cardot-Martin & Fabien Labondance & Catherine Refait-Alexandre, 2021. "Capital ratios and banking crises in the European Union," Working Papers 2021-05, CRESE.
    17. Cutura, Jannic Alexander, 2021. "Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?," Journal of Financial Stability, Elsevier, vol. 54(C).
    18. Petr Jakubik & Bogdan Gabriel Moinescu, 2023. "What is the optimal capital ratio implying a stable European banking system?," International Finance, Wiley Blackwell, vol. 26(3), pages 324-343, December.
    19. Fixler, Dennis & Zieschang, Kim, 2019. "Producing liquidity," Journal of Financial Stability, Elsevier, vol. 42(C), pages 115-135.
    20. Serena Merrino & Ilias Chondrogiannis, 2024. "Did Basel III reduce bank spillovers in South Africa," Working Papers 11060, South African Reserve Bank.
    21. Josef Schroth, 2021. "On the Distributional Effects of Bank Bailouts," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 252-277, April.
    22. Lu'is A. V. Cat~ao & Jan Ditzen & Daniel Marcel te Kaat, 2023. "Global Factors in Non-core Bank Funding and Exchange Rate Flexibility," Papers 2310.11552, arXiv.org, revised Apr 2025.
    23. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2019. "Sovereigns going bust: Estimating the cost of default," European Economic Review, Elsevier, vol. 119(C), pages 1-21.
    24. Martin Goetz & Luc Laeven & Ross Levine, 2020. "Do Bank Insiders Impede Equity Issuances?," NBER Working Papers 27442, National Bureau of Economic Research, Inc.
    25. Agovino, Massimiliano & Bartoletto, Silvana & Garofalo, Antonio, 2022. "A long-term analysis of efficiency in the Italian banking system from 1861 to 2010," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 227-241.
    26. Andersen, Henrik & Juelsrud, Ragnar Enger, 2024. "Optimal capital adequacy ratios for banks," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(2).
    27. Walther, Ansgar, 2020. "Financial policy in an exuberant world," Working Paper Series 2380, European Central Bank.
    28. Ray Barrell & Karim Dilruba, 2020. "Bank capital: excess credit and crisis incidence," Post-Print hal-03606037, HAL.
    29. Barth, James R. & Miller, Stephen Matteo, 2018. "Benefits and costs of a higher bank “leverage ratio”," Journal of Financial Stability, Elsevier, vol. 38(C), pages 37-52.
    30. Grodecka-Messi, Anna & Zhang, Xin, 2023. "Private bank money vs central bank money: A historical lesson for CBDC introduction," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    31. Fernando Moreira, 2024. "Risk-taking in banks: does skin-in-the-game really matter?," Journal of Banking Regulation, Palgrave Macmillan, vol. 25(4), pages 404-424, December.
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    39. Carmassi, Jacopo & Dobkowitz, Sonja & Evrard, Johanne & Parisi, Laura & Silva, André & Wedow, Michael, 2018. "Completing the Banking Union with a European Deposit Insurance Scheme: who is afraid of cross-subsidisation?," Occasional Paper Series 208, European Central Bank.
    40. Piergiorgio Alessandri & Pierluigi Bologna & Maddalena Galardo, 2022. "Financial Crises, Macroprudential Policy and the Reliability of Credit-to-GDP Gaps," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 625-667, December.
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    42. Deryugina, Elena & Ponomarenko, Alexey & Rozhkova, Anna, 2020. "When are credit gap estimates reliable?," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 221-238.
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    44. Ibrocevic, Edin & Thiemann, Matthias, 2018. "All economic ideas are equal, but some are more equal than others: A differentiated perspective on macroprudential ideas and their implementation," SAFE Working Paper Series 214, Leibniz Institute for Financial Research SAFE.
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    1. Christophe Van Langenhove, 2025. "Wealth Mobility in the United States: Empirical Evidence from the PSID," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 25/1104, Ghent University, Faculty of Economics and Business Administration.
    2. bunten, devin michelle & Fu, Ellen & Rolheiser, Lyndsey & Severen, Christopher, 2024. "The Problem Has Existed over Endless Years: Racialized Difference in Commuting, 1980–2019," Journal of Urban Economics, Elsevier, vol. 141(C).
    3. Bartels, Charlotte & Bönke, Timm & Glaubitz, Rick & Grabka, Markus M. & Schröder, Carsten, 2023. "Accounting for pension wealth, the missing rich and under-coverage: A comprehensive wealth distribution for Germany," Economics Letters, Elsevier, vol. 231(C).
    4. Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben & Steger, Thomas, 2021. "Distributional consequences of surging housing rents," Journal of Economic Theory, Elsevier, vol. 196(C).
    5. Daniel Fehrle, 2023. "Hedging against inflation: housing versus equity," Empirical Economics, Springer, vol. 65(6), pages 2583-2626, December.
    6. Connor Bryant & Bernd Süssmuth, 2019. "Is the Relationship of Wealth Inequality with the Real, Financial and Housing Cycle Country-Specific?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 47(3), pages 323-341, September.
    7. Moritz Schularick, 2022. "New perspectives on monetary policy," Working Papers 3, Forum New Economy.
    8. Advani, Arun & Bangham, George & Leslie, Jack, 2021. "The UK’s wealth distribution and characteristics of high-wealth households," The Warwick Economics Research Paper Series (TWERPS) 1367, University of Warwick, Department of Economics.
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    97. Paolo Acciari & Salvatore Morelli, 2020. "Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records 1995–2016," NBER Chapters, in: Measuring Distribution and Mobility of Income and Wealth, pages 175-203, National Bureau of Economic Research, Inc.
    98. Thilo N. H. Albers & Charlotte Bartels & Moritz Schularick, 2024. "Wealth and Its Distribution in Germany, 1895-2021," Discussion Papers of DIW Berlin 2105, DIW Berlin, German Institute for Economic Research.
    99. Fehrle, Daniel & Heiberger, Christopher, 2024. "The return on everything and the business cycle in production economies," Economic Modelling, Elsevier, vol. 136(C).
    100. Crossley, Thomas F. & Levell, Peter & Low, Hamish, 2024. "House price rises and borrowing to invest," Journal of Economic Behavior & Organization, Elsevier, vol. 223(C), pages 86-105.
    101. Pavel Brendler & Moritz Kuhn & Ulrike I. Steins, 2024. "To Have or Not to Have: Understanding Wealth Inequality," Opportunity and Inclusive Growth Institute Working Papers 098, Federal Reserve Bank of Minneapolis.
    102. Schulz, Jan & Mayerhoffer, Daniel, 2024. "Social sampling, self-anchoring and redistribution," Economics Letters, Elsevier, vol. 244(C).
    103. Marijn A. Bolhuis & Judd N. L. Cramer, 2020. "The Millennial Boom, the Baby Bust, and the Housing Market," Papers 2003.11565, arXiv.org, revised Aug 2021.
    104. Jesse Bricker & Kevin B. Moore & Jeffrey P. Thompson, 2019. "Trends in Household Portfolio Composition," Finance and Economics Discussion Series 2019-069, Board of Governors of the Federal Reserve System (U.S.).
    105. Arrigoni, Simone, 2024. "Who gets the flow? Financial globalisation and wealth inequality," Journal of Macroeconomics, Elsevier, vol. 81(C).
    106. Brunet, Gillian & Hilt, Eric & Jaremski, Matthew, 2025. "‘Invest!’: Liberty bonds and stock ownership over the twentieth century," Journal of Financial Intermediation, Elsevier, vol. 64(C).
    107. Junhua Chen & Na Liu & Shufan Ma, 2025. "How Does Relative Consumption Deprivation Influence Subjective Well-Being? The Moderating Role of Housing Wealth," Journal of Happiness Studies, Springer, vol. 26(3), pages 1-31, March.
    108. Iftekhar Hasan & Roman Horvath & Jan Mares, 2018. "Finance and Wealth Inequality," Working Papers 378, Leibniz Institut für Ost- und Südosteuropaforschung (Leibniz Institute for East and Southeast European Studies).
    109. Joseph L. Gastwirth & Qing Shi, 2022. "Comparing the Secular Increasing Trend and Effect of the Response to the 2008 Financial Recession on Wealth Inequality in the U.S. with Other Nations Using the Median-based Gini Index," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 20(1), pages 261-276, September.
    110. Bertrand Garbinti & Jonathan Goupille-Lebret & Thomas Piketty, 2019. "Accounting for Wealth Inequality Dynamics: Methods, Estimates and Simulations for France," Working Papers 1935, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    111. Zhandos Ybrayev & Yernur Orakbayev & Askar Utarbayev, 2024. "Yield Curves for Main Street: Housing and financial capital returns in a developing economy," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 32(1), pages 165-182, January.
    112. Wu, Xuepin & Ma, Yongjun, 2023. "Research on the comparison effect of urban residents' consumption," Journal of Business Research, Elsevier, vol. 160(C).
    113. Dionissi Aliprantis & Daniel R. Carroll & Eric Young, 2019. "The Dynamics of the Racial Wealth Gap," Working Papers 19-18R, Federal Reserve Bank of Cleveland, revised 29 Nov 2022.
    114. Lagemann, Theresa & Rehm, Miriam, 2025. "Differential returns in Germany," ifso working paper series 45, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    115. Chi‐Young Choi & Soojin Jo, 2026. "How Do Housing Markets Affect Local Consumer Prices?: Evidence from U.S. Cities," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 58(3), pages 853-884, April.
    116. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2025. "Superstar Returns? Spatial Heterogeneity in Returns to Housing," Post-Print hal-05448313, HAL.
    117. Suzanne Bellue, 2026. "Residential and Social Mobility: A Quantitative Analysis of Parental Decisions with Social Learning," RFBerlin Discussion Paper Series 26100, ROCKWOOL Foundation Berlin (RFBerlin).
    118. Alvaro Mezza & Daniel R. Ringo & Kamila Sommer, 2021. "Student Loans, Access to Credit and Consumer Financial Behavior," Finance and Economics Discussion Series 2021-050, Board of Governors of the Federal Reserve System (U.S.).
    119. Joanna Tyrowicz & Marcin Lewandowski & Jan Svejnar & Krzysztof Makarski, 2024. "Factors behind rising U.S. wealth inequality: a decomposition and policy implications," GRAPE Working Papers 100, GRAPE Group for Research in Applied Economics.
    120. Petar Peshev & Kristina Stefanova & Ivanina Mancheva, 2023. "Wealth Inequality Determinants in the EU Members from the CEE Region, 1995-2021," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 19-40.
    121. Meister, Lorenz & Menkhoff, Lukas & Schröder, Carsten, 2024. "Work from Home, Stock Market Participation, and Inequality," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302335, Verein für Socialpolitik / German Economic Association.
    122. Buchholz, Maximilian & Kemeny, Tom & Randolph, Gregory & Storper, Michael, 2026. "Inequality, not regulation, drives America's housing affordability crisis," SocArXiv 95trz_v1, Center for Open Science.
    123. Clara De Luigi & Martin Feldkircher & Philipp Poyntner & Helene Schuberth, 2023. "Quantitative Easing and Wealth Inequality: The Asset Price Channel," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(3), pages 638-670, June.
    124. Targa, Matteo & Yang, Li, 2024. "The impact of Communist Party membership on wealth distribution and accumulation in urban China," World Development, Elsevier, vol. 181(C).
    125. Mariacristina De Nardi & Fang Yang, 2015. "Wealth Inequality, Family Background, and Estate Taxation," NBER Working Papers 21047, National Bureau of Economic Research, Inc.
    126. Christian Bayer & Luis Calderon & Moritz Kuhn, 2025. "Distributional Dynamics," CRC TR 224 Discussion Paper Series crctr224_2025_625, University of Bonn and University of Mannheim, Germany.
    127. Minsu Chang, 2019. "A House Without a Ring: The Role of Changing Marital Transitions for Housing Decisions," 2019 Meeting Papers 514, Society for Economic Dynamics.
    128. Fasianos, Apostolos & Tsoukalis, Panos, 2023. "Decomposing wealth inequalities in the wake of the Greek debt crisis," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    129. Ben Moll, 2020. "The Research Agenda: Ben Moll on the Rich Interactions between Inequality and the Macroeconomy," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 21(2), November.
    130. Ellora Derenoncourt & Chi Hyun Kim & Moritz Kuhn & Moritz Schularick, 2024. "Changes in the Distribution of Black and White Wealth Since the US Civil War," CRC TR 224 Discussion Paper Series crctr224_2024_507, University of Bonn and University of Mannheim, Germany.
    131. Chen, Jinzhi & Song, Lu & Wen, Xingchun & Wu, Huan, 2024. "Credit easing, income gap, and housing price fluctuation," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 490-502.
    132. Meyer, Timothy, 2025. "Asset price changes, external wealth and global welfare," Journal of International Economics, Elsevier, vol. 157(C).
    133. Waldenström, Daniel, 2021. "Wealth and History: An Update," Working Paper Series 1411, Research Institute of Industrial Economics.
    134. Salvatore Morelli, 2020. "The Dynamics of Wealth Concentration: Thoughts on Tony Atkinson’s Contributions," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 6(1), pages 197-205, March.
    135. Suss, Joel, 2023. "Measuring local, salient economic inequality in the UK," LSE Research Online Documents on Economics 117884, London School of Economics and Political Science, LSE Library.
    136. Kim, Dong-Hyeon & Lin, Shu-Chin, 2024. "Inflation and wealth inequality," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 893-907.
    137. Eglė Jakučionytė & Swapnil Singh, 2023. "Emergence of subprime lending in minority neighborhoods," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(6), pages 1547-1583, November.
    138. Alina Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    139. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019. "The Total Risk Premium Puzzle?," Working Paper Series 2019-10, Federal Reserve Bank of San Francisco.

  43. Ulrike Steins & Moritz Schularick & Moritz Kuhn, 2017. "Wealth and Income Inequality in America, 1949-2013," 2017 Meeting Papers 931, Society for Economic Dynamics.

    Cited by:

    1. John Foster, 2019. "The Us Consumption Function: A New Perspective," Discussion Papers Series 606, School of Economics, University of Queensland, Australia.
    2. Yang, Xintong & Gan, Li, 2020. "Bequest motive, household portfolio choice, and wealth inequality in urban China," China Economic Review, Elsevier, vol. 60(C).
    3. Jesse Bricker & Sarena Goodman & Alice Henriques Volz & Kevin B. Moore, 2021. "A Wealth of Information: Augmenting the Survey of Consumer Finances to Characterize the Full U.S. Wealth Distribution," Finance and Economics Discussion Series 2021-053, Board of Governors of the Federal Reserve System (U.S.).
    4. Atkinson, Tony & Hasell, Joe & Morelli, Salvatore & Roser, Max, 2017. "The Chartbook of Economic Inequality," INET Oxford Working Papers 2017-10, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    5. Angelopoulos, Christos & Giannikos, Christos, 2025. "The effect of financial derivatives on wealth inequality," Finance Research Letters, Elsevier, vol. 72(C).
    6. Stefan Ederer & Maximilian Mayerhofer & Miriam Rehm, 2019. "Rich and ever richer: Differential returns across socio-economic groups," Working Papers PKWP1914, Post Keynesian Economics Society (PKES).
    7. Aaberge, Rolf & Atkinson, Anthony B. & Modalsli, Jørgen, 2020. "Estimating long-run income inequality from mixed tabular data: Empirical evidence from Norway, 1875–2017," Journal of Public Economics, Elsevier, vol. 187(C).
    8. Philipp Ager & Leah Platt Boustan & Katherine Eriksson, 2019. "The Intergenerational Effects of a Large Wealth Shock: White Southerners after the Civil War," Working Papers 2019-24, Princeton University. Economics Department..
    9. Matthias Krapf, 2018. "The Joint Distribution of Wealth and Income Risk: Evidence from Bern," CESifo Working Paper Series 7130, CESifo.
    10. Marcin Lewandowski, 2025. "Wealth inequality through the lens of temptation preferences," GRAPE Working Papers 112, GRAPE Group for Research in Applied Economics.
    11. Maximilian Longmuir, 2023. "Fair crack of the whip? The distribution of augmented wealth in Australia from 2002 to 2018," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(4), pages 835-866, December.
    12. Albert, Juan-Francisco & Gómez-Fernández, Nerea, 2018. "Monetary policy and the redistribution of net worth in the US," LSE Research Online Documents on Economics 91320, London School of Economics and Political Science, LSE Library.
    13. Lagemann, Theresa & Rehm, Miriam, 2025. "Differential returns in Germany," ifso working paper series 45, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    14. Minsu Chang, 2019. "A House Without a Ring: The Role of Changing Marital Transitions for Housing Decisions," 2019 Meeting Papers 514, Society for Economic Dynamics.
    15. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2018. "The Big Bang: Stock Market Capitalization in the Long Run," MPRA Paper 88581, University Library of Munich, Germany.

  44. Moritz Schularick & Alan Taylor & Oscar Jorda, 2016. "The Great Mortgaging," 2016 Meeting Papers 185, Society for Economic Dynamics.

    Cited by:

    1. Hristov, Nikolay & Roth, Markus, 2019. "Uncertainty shocks and financial crisis indicators," Discussion Papers 36/2019, Deutsche Bundesbank.
    2. Pontines, Victor, 2017. "The financial cycles in four East Asian economies," Economic Modelling, Elsevier, vol. 65(C), pages 51-66.
    3. Giacomo Rella, 2021. "The Fed, housing and household debt over time," Department of Economics University of Siena 850, Department of Economics, University of Siena.
    4. Baur, Dirk, 2019. "Monopoly in Real Life - The Housing Market, Finance and Inequality," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203547, Verein für Socialpolitik / German Economic Association.
    5. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2018. "The janus-faced nature of debt: results from a data-driven cointegrated svar approach," Post-Print hal-03471585, HAL.
    6. Jun Nagayasu, 2021. "Life Cycles and Gender in Residential Mobility Decisions," The Journal of Real Estate Finance and Economics, Springer, vol. 62(3), pages 370-401, April.
    7. Laeven, Luc & Perez-Quiros, Gabriel & Rivas, María Dolores Gadea, 2020. "Growth-and-risk trade-off," Working Paper Series 2397, European Central Bank.
    8. Franziska Bremus & Thomas Krause & Felix Noth, 2021. "Lender-Specific Mortgage Supply Shocks and Macroeconomic Performance in the United States," Discussion Papers of DIW Berlin 1936, DIW Berlin, German Institute for Economic Research.
    9. Jiří Rajl, 2019. "The Impact of Regulatory Measures on the Development of Household Indebtedness," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2019(1), pages 5-23.
    10. Mr. Fei Han & Ms. Emilia M Jurzyk & Wei Guo & Yun He & Ms. Nadia Rendak, 2019. "Assessing Macro-Financial Risks of Household Debt in China," IMF Working Papers 2019/258, International Monetary Fund.
    11. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2017. "The Shift in Bank Credit Allocation: New Data and New Findings," Research Report 17012-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    12. Rafiq, Shuddhasattwa, 2020. "Projecting post-crisis house and equity prices since the 1870s:not all crises are alike," MPRA Paper 103164, University Library of Munich, Germany.
    13. Kilian, Lutz & Zhou, Xiaoqing, 2018. "The propagation of regional shocks in housing markets: Evidence from oil price shocks in Canada," CFS Working Paper Series 606, Center for Financial Studies (CFS).
    14. Sarah Chan, 2020. "China’s Rising Household Debt: A New Debt Trap?," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 567-578, December.
    15. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    16. Franziska Bremus & Thomas Krause & Felix Noth, 2017. "Bank-Specific Shocks and House Price Growth in the U.S," Discussion Papers of DIW Berlin 1636, DIW Berlin, German Institute for Economic Research.
    17. Nobuhiro Kiyotaki & Alexander Michaelides & Kalin Nikolov, 2020. "Housing, Distribution and Welfare," Working Papers 2020-52, Princeton University. Economics Department..
    18. Mikhail Mamonov & Anna Pestova, 2021. "Credit Supply Shocks and Household Defaults," CERGE-EI Working Papers wp691, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    19. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2017. "Accounting for debt service: the painful legacy of credit booms," BIS Working Papers 645, Bank for International Settlements.
    20. Atif Mian, 2016. "Comment on "Macrofinancial History and the New Business Cycle Facts"," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 274-278, National Bureau of Economic Research, Inc.
    21. Milan Christian de Wet, 2021. "Modelling the Australasian Financial Cycle: A Markov-Regime Switching Approach," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 14(1), pages 69-79, June.
    22. Alexandra Varadi, 2021. "Identifying the transmission channels of credit supply shocks to household debt: price and non-price effects," Bank of England working papers 927, Bank of England.
    23. Bremus, Franziska & Krause, Thomas & Noth, Felix, 2021. "Lender-specific mortgage supply shocks and macroeconomic performance in the United States," IWH Discussion Papers 3/2021, Halle Institute for Economic Research (IWH).
    24. Hristov, Nikolay & Roth, Markus, 2022. "Uncertainty shocks and systemic-risk indicators," Journal of International Money and Finance, Elsevier, vol. 122(C).
    25. Kenneth S. Rogoff & Yuanchen Yang, 2020. "Peak China Housing," NBER Working Papers 27697, National Bureau of Economic Research, Inc.
    26. Lenarčič, Črt, 2021. "Estimating business and financial cycles in Slovenia," MPRA Paper 109977, University Library of Munich, Germany.
    27. Kenneth Rogoff & Yuanchen Yang, 2021. "Has China's Housing Production Peaked?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 29(1), pages 1-31, January.
    28. Samarina, Anna & Zhang, Lu & Bezemer, Dirk, 2017. "Credit cycle coherence in the eurozone: Was there a euro effect?," Journal of International Money and Finance, Elsevier, vol. 77(C), pages 77-98.
    29. Iren Levina & Robert Sturrock & Alexandra Varadi & Gavin Wallis, 2019. "Modelling the distribution of mortgage debt," Bank of England working papers 808, Bank of England.
    30. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2018. "Going With the Flows: New Borrowing, Debt Service and the Transmission of Credit Booms," NBER Working Papers 24549, National Bureau of Economic Research, Inc.
    31. Melina Dritsaki & Chaido Dritsaki, 2022. "Comparison of HP Filter and the Hamilton’s Regression," Mathematics, MDPI, vol. 10(8), pages 1-18, April.
    32. Pontines, Victor, 2018. "Self-selection and treatment effects: Revisiting the effectiveness of foreign exchange intervention," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 299-316.
    33. Thibaut Duprey & Alexander Ueberfeldt, 2020. "Managing GDP Tail Risk," Staff Working Papers 20-3, Bank of Canada.
    34. Sevim Kösem, 2021. "Income inequality, mortgage debt and house prices," Bank of England working papers 921, Bank of England.
    35. P. Reusens & Ch. Warisse, 2018. "House prices and economic growth in Belgium," Economic Review, National Bank of Belgium, issue iv, pages 81-106, december.

  45. Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz, 2016. "Macrofinancial History and the New Business Cycle Facts," CEPR Discussion Papers 11587, Centre for Economic Policy Research.

    Cited by:

    1. Donadelli, Michael & Ferranna, Licia & Gufler, Ivan & Paradiso, Antonio, 2021. "Using past epidemics to estimate the macroeconomic implications of COVID-19: A bad idea!," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 214-224.
    2. Ruthardt, Fabian & Potrafke, Niklas & Wüthrich, Kaspar, 2021. "Protectionism and economic growth: Causal evidence from the first era of globalization," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242425, Verein für Socialpolitik / German Economic Association.
    3. Bakas, Dimitrios & Mendieta-Muñoz, Ivan, 2020. "Financial crises and economic recovery: Cross-country heterogeneity and cross-sectional dependence," Economics Letters, Elsevier, vol. 195(C).
    4. Ha, Jongrim & Kose, M. Ayhan & Otrok, Christopher & Prasad, Eswar, 2020. "Global Macro-Financial Cycles and Spillovers," IZA Discussion Papers 13000, IZA Network @ LISER.
    5. Diego Comin & Ramana Nanda, 2019. "Financial Development and Technology Diffusion," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(2), pages 395-419, June.
    6. Michael D. Bordo, 2017. "The Second Era of Globalization is Not Yet Over: An Historical Perspective," NBER Working Papers 23786, National Bureau of Economic Research, Inc.
    7. Bertsch, Christoph & Hull, Isaiah & Lumsdaine, Robin L. & Zhang, Xin, 2024. "Four Facts about International Central Bank Communication," Working Paper Series 432, Sveriges Riksbank (Central Bank of Sweden).
    8. Giovanni Dosi & Lucrezia Fanti & Maria Enrica Virgillito, 2024. "Attributes and trends of rentified capitalism," LEM Papers Series 2024/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    9. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    10. Sergio Correia & Stephan Luck & Emil Verner, 2025. "Failing Banks," Papers 2506.06082, arXiv.org.
    11. William N. Goetzmann & Dasol Kim, 2017. "Negative Bubbles: What Happens After a Crash," NBER Working Papers 23830, National Bureau of Economic Research, Inc.
    12. Daniel Fehrle, 2023. "Hedging against inflation: housing versus equity," Empirical Economics, Springer, vol. 65(6), pages 2583-2626, December.
    13. Julien Pénasse & Luc Renneboog, 2022. "Speculative Trading and Bubbles: Evidence from the Art Market," Management Science, INFORMS, vol. 68(7), pages 4939-4963, July.
    14. Rafiq, Shuddhasattwa, 2022. "How did house and stock prices respond to different crisis episodes since the 1870s?," Economic Modelling, Elsevier, vol. 114(C).
    15. Fernández Romero, Daniel, 2025. "The fiscal multiplier in presence of unconventional monetary policy: Evidence for 17 OECD countries," Economic Modelling, Elsevier, vol. 147(C).
    16. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.
    17. Daniel L. Greenwald & Tim Landvoigt & Stijn Van Nieuwerburgh, 2021. "Financial Fragility with SAM?," Journal of Finance, American Finance Association, vol. 76(2), pages 651-706, April.
    18. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    19. Zhengyang Jiang, 2024. "Exorbitant Privilege: A Safe-Asset View," CESifo Working Paper Series 11279, CESifo.
    20. Michele Fratianni & Federico Giri & Riccardo Lucchetti & Francesco Valentini, 2022. "Monetization, wars, and the Italian fiscal multiplier," Mo.Fi.R. Working Papers 176, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    21. Halberstadt, Arne, 2021. "Decomposing the yield curve with linear regressions and survey information," Discussion Papers 27/2021, Deutsche Bundesbank.
    22. Olkhov, Victor, 2019. "New Essentials of Economic Theory," MPRA Paper 95065, University Library of Munich, Germany.
    23. Oguzhan Bozatli & Seref Can Serin & Murat Demir, 2024. "The causal relationship between public debt and economic growth in G7 countries: new evidence from time and frequency domain approaches," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-27, June.
    24. Andrew Bailey & Ambrogio Cesa-Bianchi & Marco Garofalo & Richard Harrison & Nick McLaren & Rana Sajedi & Sophie Piton, 2023. "Structural change, global R* and the missing-investment puzzle," Bank of England working papers 997, Bank of England.
    25. Jonathan Federle & André Meier & Gernot J. Müller & Willi Mutschler & Moritz Schularick, 2026. "The Price of War," American Economic Review, American Economic Association, vol. 116(3), pages 791-827, March.
      • Federle, Jonathan & Meier, André & Müller, Gernot J. & Mutschler, Willi & Schularick, Moritz, 2024. "The price of war," Kiel Policy Briefs 171, Kiel Institute for the World Economy.
      • Federle, Jonathan & Meier, André & Müller, Gernot & Schularick, Moritz, 2024. "The Price of War," CEPR Discussion Papers 18834, Centre for Economic Policy Research.
      • Federle, Jonathan & Meier, André & Müller, Gernot J. & Mutschler, Willi & Schularick, Moritz, 2024. "The price of war," Kiel Working Papers 2262, Kiel Institute for the World Economy.
    26. Roberto Marfe & Julien Penasse, 2024. "Measuring Macroeconomic Tail Risk," Carlo Alberto Notebooks 715 JEL Classification: E, Collegio Carlo Alberto.
    27. Chris Reimann, 2024. "Predicting financial crises: an evaluation of machine learning algorithms and model explainability for early warning systems," Review of Evolutionary Political Economy, Springer, vol. 5(1), pages 51-83, June.
    28. Constantinescu, Mihnea & Nguyen, Anh Dinh Minh, 2021. "A century of gaps: Untangling business cycles from secular trends," Economic Modelling, Elsevier, vol. 100(C).
    29. Seán Kenny & Jason Lennard, 2018. "Monetary aggregates for Ireland, 1840–1921," Economic History Review, Economic History Society, vol. 71(4), pages 1249-1269, November.
    30. Gabriel, Ricardo Duque, 2023. "Monetary policy and the wage inflation-unemployment tradeoff," European Economic Review, Elsevier, vol. 159(C).
    31. Ye, Huiying & Liao, Hua & Zheng, Guoliang & Peng, Ying, 2024. "Industrialization, environmental externality, and climate mitigation strategies," Economic Modelling, Elsevier, vol. 139(C).
    32. Martin Gachter & Elias Hasler & Florian Huber, 2023. "A tale of two tails: 130 years of growth-at-risk," Papers 2302.08920, arXiv.org.
    33. Sven Steinkamp & Frank Westermann, 2018. "Systemic Crisis and Growth Revisited: Has the Global Financial Crisis Marked a New Era?," IEER Working Papers 112, Institute of Empirical Economic Research, Osnabrueck University.
    34. Crescioli, Tommaso, 2024. "Reinforcing each other: how the combination of European and domestic reforms increased competition in liberalized industries," LSE Research Online Documents on Economics 123605, London School of Economics and Political Science, LSE Library.
    35. Saktinil Roy, 2023. "Do Changes in Risk Perception Predict Systemic Banking Crises?," JRFM, MDPI, vol. 16(11), pages 1-15, October.
    36. Gomes, João F. & Grotteria, Marco & Wachter, Jessica A., 2023. "Foreseen risks," Journal of Economic Theory, Elsevier, vol. 212(C).
    37. Lim, Jamus Jerome, 2020. "The political economy of fiscal procyclicality," European Journal of Political Economy, Elsevier, vol. 65(C).
    38. Jesús Fernández‐Villaverde & Samuel Hurtado & Galo Nuño, 2023. "Financial Frictions and the Wealth Distribution," Econometrica, Econometric Society, vol. 91(3), pages 869-901, May.
    39. Fraser Summerfield & Livio Di Matteo, 2021. "Influenza Pandemics and Macroeconomic Fluctuations in Recent Economic History," Working Papers 210002, Canadian Centre for Health Economics.
    40. B. De Backer & M. Deroose & Ch. Van Nieuwenhuyze, 2019. "Is a recession imminent? The signal of the yield curve," Economic Review, National Bank of Belgium, issue i, pages 69-93, June.
    41. Anthony Lepinteur & Sofie R. Waltl, 2020. "Tracking Owners’ Sentiments: Subjective Home Values, Expectations and House Price Dynamics," Department of Economics Working Papers wuwp299, Vienna University of Economics and Business, Department of Economics.
    42. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2020. "Does mortgage lending impact business credit? Evidence from a new disaggregated bank credit data set," Journal of Banking & Finance, Elsevier, vol. 113(C).
    43. Ulrike Malmendier & Alexandra Steiny Wellsjo, 2024. "Rent or Buy? Inflation Experiences and Homeownership within and across Countries," Journal of Finance, American Finance Association, vol. 79(3), pages 1977-2023, June.
    44. Magud, Nicolás E. & Pienknagura, Samuel, 2025. "Inflated concerns: Exposure to past inflationary episodes and preferences for price stability," Journal of International Economics, Elsevier, vol. 158(C).
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    334. Lofaro, Antonino & Di Bucchianico, Stefano, 2025. "Impact of monetary policy on functional income distribution: A panel vector autoregressive analysis," Economic Modelling, Elsevier, vol. 151(C).
    335. Jonas Ljungberg, 2025. "European consumer price indices since 1870," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 19(1), pages 29-80, January.
    336. policy, Work stream on macroprudential & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas, 2021. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
    337. Moramarco, Graziano, 2024. "Financial-cycle ratios and medium-term predictions of GDP: Evidence from the United States," International Journal of Forecasting, Elsevier, vol. 40(2), pages 777-795.
    338. Gallegati, Marco & Delli Gatti, Domenico, 2018. "Macrofinancial imbalances in historical perspective: A global crisis index," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 190-205.
    339. Hellwagner, Timon & Weber, Enzo, 2021. "Labour Market Adjustments to Population Decline," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242455, Verein für Socialpolitik / German Economic Association.
    340. Carolin Schmidt, 2018. "Home is where the health is: Housing and adult height from the late 19th to the mid-20th centuries," ERES eres2018_33, European Real Estate Society (ERES).
    341. Claudio Borio & Boris Hofmann, 2017. "Is monetary policy less effective when interest rates are persistently low?," BIS Working Papers 628, Bank for International Settlements.
    342. Stefan Behrendt, 2017. "Low Long-Term Interest Rates - An alternative View," Jena Economics Research Papers 2017-001, Friedrich-Schiller-University Jena.
    343. Sofie R. Waltl & Anthony Lepinteur, 2025. "Tracking Home-Owners’ Sentiments: Subjective Indices and Convergent Validity," The Journal of Real Estate Finance and Economics, Springer, vol. 70(4), pages 706-734, May.
    344. Sabaté, Marcela & Fillat, Carmen & Escario, Regina, 2019. "Budget deficits and money creation: Exploring their relation before Bretton Woods," Explorations in Economic History, Elsevier, vol. 72(C), pages 38-56.
    345. Sebastian Kohl & Matthias Römer, 2025. "Insurance demand: a historical long-run perspective (1850–2020)," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 50(3), pages 595-618, July.
    346. Stefan Gebauer, 2017. "The Use of Financial Market Variables in Forecasting," DIW Roundup: Politik im Fokus 115, DIW Berlin, German Institute for Economic Research.
    347. Gram, Dennis & Karapanagiotis, Pantelis & Krzyzanowski, Jan & Liebald, Marius & Walz, Uwe, 2021. "An extensible model for historical financial data with an application to German company and stock market data," SAFE Working Paper Series 300, Leibniz Institute for Financial Research SAFE.
    348. Abebe Hailemariam & Sefa Awaworyi Churchill & Russell Smyth & Kingsley Tetteh Baako, 2021. "Income inequality and housing prices in the very long‐run," Southern Economic Journal, John Wiley & Sons, vol. 88(1), pages 295-321, July.
    349. Alina Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    350. Hiebert, Paul & Jaccard, Ivan & Schüler, Yves, 2018. "Contrasting financial and business cycles: Stylized facts and candidate explanations," Journal of Financial Stability, Elsevier, vol. 38(C), pages 72-80.
    351. Monroy-Taborda Sebastián, 2023. "Bank Runs and Inequality," Asociación Argentina de Economía Política: Working Papers 4672, Asociación Argentina de Economía Política.
    352. Karras, Georgios, 2019. "Are “twin deficits” asymmetric? Evidence on government budget and current account balances, 1870–2013," International Economics, Elsevier, vol. 158(C), pages 12-24.
    353. Kopecky, Joseph, 2023. "Population age structure and secular stagnation: Evidence from long run data," The Journal of the Economics of Ageing, Elsevier, vol. 24(C).
    354. Baltussen, Guido & Swinkels, Laurens & Van Vliet, Pim, 2021. "Global factor premiums," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1128-1154.
    355. Yu, Zhen & Liu, Wei & Yang, Fuyu, 2023. "A central bankers’ sentiment index of global financial cycle," Finance Research Letters, Elsevier, vol. 57(C).
    356. Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2018. "Changing credit limits, changing business cycles," European Economic Review, Elsevier, vol. 102(C), pages 211-239.
    357. Ruben van der Helm & Jan Bartman, 2019. "Making available data more useable: compilation and publication of break-adjusted (historical) time series," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    358. Sabes, David & Sahuc, Jean-Guillaume, 2023. "Do yield curve inversions predict recessions in the euro area?," Finance Research Letters, Elsevier, vol. 52(C).
    359. Moritz Schularick, 2021. "Corporate indebtedness and macroeconomic stabilisation from a long-term perspective," ECONtribute Policy Brief Series 024, University of Bonn and University of Cologne, Germany.
    360. Ho, Tai-kuang & Yeh, Kuo-chun, 2019. "Were capital flows the culprit in the Weimar economic crisis?," Explorations in Economic History, Elsevier, vol. 74(C).
    361. Friedrich Lucke, 2022. "The Great Moderation and the Financial Cycle," Working Papers REM 2022/0238, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    362. Manuel Garcia-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2018. "Investment and Saving along the Development Path," 2018 Meeting Papers 870, Society for Economic Dynamics.
    363. Dichtl, Hubert & Drobetz, Wolfgang & Otto, Tizian, 2023. "Forecasting Stock Market Crashes via Machine Learning," Journal of Financial Stability, Elsevier, vol. 65(C).
    364. Aikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. "Mapping heat in the U.S. financial system," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.
    365. Yannis Dafermos & Daniela Gabor & Jo Michell, 2023. "Institutional supercycles: an evolutionary macro-finance approach," New Political Economy, Taylor & Francis Journals, vol. 28(5), pages 693-712, September.
    366. Marina Khismatullina & Michael Vogt, 2022. "Multiscale Comparison of Nonparametric Trend Curves," Papers 2209.10841, arXiv.org.

  46. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Leveraged Bubbles," CESifo Working Paper Series 5489, CESifo.

    Cited by:

    1. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    2. Moritz Schularick, 2022. "New perspectives on monetary policy," Working Papers 3, Forum New Economy.
    3. Ozlem Akin & José M. Marín & José-Luis Peydró, 2016. "Anticipating the financial crisis: Evidence from insider trading in banks," Economics Working Papers 1524, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    5. Michael Funke & Robert Kirkby & Petar Mihaylovski, 2017. "House Prices and Macroprudential Policy in an Estimated DSGE Model of New Zealand," CESifo Working Paper Series 6487, CESifo.
    6. Sami Alpanda & Alexander Ueberfeldt, 2016. "Should Monetary Policy Lean Against Housing Market Booms?," Staff Working Papers 16-19, Bank of Canada.
    7. Meller, Barbara & Metiu, Norbert, 2017. "The synchronization of credit cycles," Journal of Banking & Finance, Elsevier, vol. 82(C), pages 98-111.
    8. Virtanen, Timo & Tölö, Eero & Virén, Matti & Taipalus, Katja, 2017. "Use of unit root methods in early warning of financial crises," ESRB Working Paper Series 45, European Systemic Risk Board.
    9. Balcilar, Mehmet & Katzke, Nico & Gupta, Rangan, 2017. "Date-stamping US housing market explosivity," Economics Discussion Papers 2017-44, Kiel Institute for the World Economy.
    10. Claudio Battiati, 2017. "R&D, growth, and macroprudential policy in an economy undergoing boom-bust cycles," Bank of Lithuania Working Paper Series 48, Bank of Lithuania.
    11. Verona, Fabio & Martins, Manuel M.F. & Drumond, Inês, 2017. "Financial shocks, financial stability, and optimal Taylor rules," Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 187-207.
    12. Balcilar, Mehmet & Gupta, Rangan & Jooste, Charl & Wohar, Mark E., 2016. "Periodically collapsing bubbles in the South African stock market," Research in International Business and Finance, Elsevier, vol. 38(C), pages 191-201.
    13. Kuhn, Moritz & Bartscher, Alina & Schularick, Moritz & Wachtel, Paul, 2021. "Monetary policy and racial inequality," CEPR Discussion Papers 15734, Centre for Economic Policy Research.
    14. Behn, Markus & Detken, Carsten & Peltonen, Tuomas A. & Schudel, Willem, 2016. "Predicting vulnerabilities in the EU banking sector: the role of global and domestic factors," ESRB Working Paper Series 29, European Systemic Risk Board.
    15. Gunther Schnabl, 2016. "Exchange Rate Regime, Financial Market Bubbles and Long-Term Growth in China: Lessons from Japan," CESifo Working Paper Series 5902, CESifo.
    16. Charles W. Calomiris & Matthew Jaremski, 2016. "Deposit Insurance: Theories and Facts," NBER Working Papers 22223, National Bureau of Economic Research, Inc.
    17. Hanson, Andrew & Phan, Toan, 2017. "Bubbles, wage rigidity, and persistent slumps," Economics Letters, Elsevier, vol. 151(C), pages 66-70.
    18. Alfred Duncan & Charles Nolan, 2017. "Financial Frictions in Macroeconomic Models," Studies in Economics 1719, School of Economics, University of Kent.
    19. Markus Leibrecht & Johann Scharler, 2017. "Financial Crises and the Composition of Public Finances: Evidence from OECD Countries," ICMA Centre Discussion Papers in Finance icma-dp2017-04, Henley Business School, University of Reading.
    20. Andrea Gazzani, 2020. "News and noise bubbles in the housing market," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 46-72, April.
    21. Federico Favaretto & Donato Masciandaro, 2022. "Populism, financial crises and banking policies: Economics and psychology," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(4), pages 441-464, September.
    22. Ardila, Diego & Sornette, Didier, 2016. "Dating the financial cycle with uncertainty estimates: a wavelet proposition," Finance Research Letters, Elsevier, vol. 19(C), pages 298-304.
    23. Tng Boon Hwa & Mala Raghavan & Teh Tian Huey, 2017. "Macroeconomic surveillance of portfolio flows and its real effects: Malaysia's experience," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Statistical implications of the new financial landscape, volume 43, Bank for International Settlements.
    24. Bjarni G. Einarsson & Kristófer Gunnlaugsson & Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2016. "The long history of financial boom-bust cycles in Iceland - Part II: Financial cycles," Economics wp72, Department of Economics, Central bank of Iceland.
    25. Rey, Hélène & Miranda-Agrippino, Silvia, 2015. "World Asset Markets and the Global Financial Cycle," CEPR Discussion Papers 10936, Centre for Economic Policy Research.
    26. Caspi, Itamar & Graham, Meital, 2017. "Testing for Bubbles in Stock Markets with Irregular Dividend Distribution," MPRA Paper 82261, University Library of Munich, Germany, revised 29 Oct 2017.
    27. Vítor Martins & Alessandro Turrini & Bořek Vašíček & Madalina Zamfir, 2021. "Euro Area Housing Markets: Trends, Challenges and Policy Responses," European Economy - Discussion Papers 147, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    28. Christophe Blot & Jérôme Creel & Paul Hubert, 2019. "Thoughts on a review of the ECB's monetary policy strategy," Sciences Po Economics Publications (main) hal-03403251, HAL.
    29. Jacopo Bonchi, 2023. "Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 186-203, January.
    30. Hwa, Tng Boon & Raghavan, Mala & Huey, Teh Tian, 2017. "Macro-financial effects of portfolio flows: Malaysia’s experience," Working Papers 2017-07, University of Tasmania, Tasmanian School of Business and Economics.
    31. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2017. "Structure of Income Inequality and Household Leverage: Theory and Cross-Country Evidence," Working Papers 2017-01, CEPII research center.
    32. Joshua Aizenman & Yothin Jinjarak & Huanhuan Zheng, 2016. "House Valuations and Economic Growth: Some International Evidence," NBER Working Papers 22699, National Bureau of Economic Research, Inc.
    33. Aikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. "Mapping heat in the U.S. financial system," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.
    34. Pascal Paul, 2019. "The Time-Varying Effect of Monetary Policy on Asset Prices," Working Paper Series 2017-09, Federal Reserve Bank of San Francisco.

  47. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2015. "Going to Extremes: Politics after Financial Crises, 1870-2014," CESifo Working Paper Series 5553, CESifo.

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    1. Ikan, Lotem & Lagziel, David & Raveh, Ohad, 2025. "Resource windfalls, connectivity, and political polarization," Journal of Environmental Economics and Management, Elsevier, vol. 132(C).
    2. Massoc, Elsa Clara, 2022. "Fifty shades of hatred and discontent: Varieties of anti-finance discourses on the European Twitter (France, Germany, Italy, Spain and the UK)," LawFin Working Paper Series 30, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    3. Wei-Fong Pan, 2019. "Geopolitical Risk and R&D investment," Economics Discussion Papers em-dp2019-11, Department of Economics, University of Reading.
    4. John Ahlquist & Mark Copelovitch & Stefanie Walter, 2020. "The Political Consequences of External Economic Shocks: Evidence from Poland," American Journal of Political Science, John Wiley & Sons, vol. 64(4), pages 904-920, October.
    5. Orkun Saka & Yuemei Ji & Paul De Grauwe, 2021. "Financial Policymaking after Crises: Public vs. Private Interests," CESifo Working Paper Series 9131, CESifo.
    6. Ntentas, Raphael, 2021. "Quantifying political populism and examining the link with economic insecurity: evidence from Greece," LSE Research Online Documents on Economics 112579, London School of Economics and Political Science, LSE Library.
    7. Papaioannou, Elias & Algan, Yann & Guriev, Sergei & Passari, Evgenia, 2017. "The European Trust Crisis and the Rise of Populism," CEPR Discussion Papers 12444, Centre for Economic Policy Research.
    8. Rafiq, Shuddhasattwa, 2022. "How did house and stock prices respond to different crisis episodes since the 1870s?," Economic Modelling, Elsevier, vol. 114(C).
    9. Carl Leonard Fischer & Lorenz Meister, 2023. "Economic Determinants of Populism," DIW Roundup: Politik im Fokus 145, DIW Berlin, German Institute for Economic Research.
    10. Helmut Rainer & Clara Albrecht & Stefan Bauernschuster & Anita Fichtl & Timo Hener & Joachim Ragnitz & Anita Dietrich, 2018. "Deutschland 2017 - Studie zu den Einstellungen und Verhaltensweisen der Bürgerinnen und Bürger im vereinigten Deutschland," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 96.
    11. Christian Ochsner & Felix Roesel, 2017. "Activated History - The Case of the Turkish Sieges of Vienna," CESifo Working Paper Series 6586, CESifo.
    12. Gian Italo Bischi & Federico Favaretto & Edgar J. Sanchez Carrera, 2022. "Long-term causes of populism," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(1), pages 349-377, January.
    13. Voth, Hans-Joachim & Doerr, Sebastian & Gissler, Stefan & Peydró, José-Luis, 2018. "Financial crises and political radicalization: How failing banks paved Hitler's path to power," CEPR Discussion Papers 12806, Centre for Economic Policy Research.
    14. Thiem, Christopher, 2018. "Cross-category spillovers of economic policy uncertainty," Ruhr Economic Papers 744, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    15. Guirola, Luis, 2025. "Economic expectations under the shadow of party polarization: Evidence from 135 government changes," European Economic Review, Elsevier, vol. 171(C).
    16. Reinsberg, Bernhard & Kern, Andreas & Rau-Göhring, Matthias, 2021. "The political economy of IMF conditionality and central bank independence," European Journal of Political Economy, Elsevier, vol. 68(C).
    17. Alberto Alesina & Guido Tabellini & Francesco Trebbi, 2017. "Is Europe an Optimal Political Area?," CESifo Working Paper Series 6469, CESifo.
    18. Callan, Tim & Doorley, Karina & Savage, Michael, 2018. "Inequality in EU Crisis Countries: How Effective Were Automatic Stabilisers?," IZA Discussion Papers 11439, IZA Network @ LISER.
    19. Aggeborn, Linuz & Persson, Lovisa, 2017. "Public Finance and Right-Wing Populism," Working Paper Series 1182, Research Institute of Industrial Economics.
    20. Joshua AIZENMAN & Hiroyuki ITO, 2020. "The Political-Economy Trilemma," Discussion papers 20018, Research Institute of Economy, Trade and Industry (RIETI).
    21. Ms. Valerie Cerra & Ms. Sweta Chaman Saxena, 2017. "Booms, Crises, and Recoveries: A New Paradigm of the Business Cycle and its Policy Implications," IMF Working Papers 2017/250, International Monetary Fund.
    22. Lance Y. Hunter, 2025. "The Polarization Paradox: How State Wealth and Online Media Consumption Affect Polarization," World Affairs, John Wiley & Sons, vol. 188(3), July.
    23. De Bromhead, Alan & O'Rourke, Kevin Hjortshøj, 2023. "Should history change the way we think about populism?," QUCEH Working Paper Series 23-06, Queen's University Belfast, Queen's University Centre for Economic History.
    24. Güvercin, Deniz, 2022. "Digitalization and populism: Cross-country evidence," Technology in Society, Elsevier, vol. 68(C).
    25. Beni Kouevi-Gath & Pierre-Guillaume Méon & Laurent Weill, 2021. "Do banking crises improve democracy?," Public Choice, Springer, vol. 186(3), pages 413-446, March.
    26. Mr. Jochen R. Andritzky & Julian Schumacher, 2019. "Long-Term Returns in Distressed Sovereign Bond Markets: How Did Investors Fare?," IMF Working Papers 2019/138, International Monetary Fund.
    27. French, Declan & Vigne, Samuel, 2019. "The causes and consequences of household financial strain: A systematic review," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 150-156.
    28. Masayuki MORIKAWA, 2016. "How Uncertain Are Economic Policies? Evidence from a survey on Japanese firms," Policy Discussion Papers 16008, Research Institute of Economy, Trade and Industry (RIETI).
    29. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-François & Persson, Eric, 2022. "Ideology and monetary policy. The role of political parties’ stances in the European Central Bank’s parliamentary hearings," European Journal of Political Economy, Elsevier, vol. 74(C).
    30. Puspa D. Amri & Eric M. P. Chiu & Jacob M. Meyer & Greg M. Richey & Thomas D. Willett, 2022. "Correlates of Crisis Induced Credit Market Discipline: The Roles of Democracy, Veto Players, and Government Turnover," Open Economies Review, Springer, vol. 33(1), pages 61-87, February.
    31. Harald Sander, 2019. "A European Policy Agenda in and for the New Global Economy," Book, University of Warsaw, Faculty of Management, edition 1, volume 1, number y:2019:v:1:ch:3:p:56-87 edited by Justin Yifu Lin & Alojzy Z. Nowak.
    32. Gerling, Lena & Kellermann, Kim Leonie, 2019. "The impact of election information shocks on populist party preferences: Evidence from Germany," CIW Discussion Papers 3/2019, University of Münster, Center for Interdisciplinary Economics (CIW).
    33. Claudia I. Dobre & Costin I. Răsăuţeanu, 2016. "Global Economic Crisis and Government Intervention," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 14-19, February.
    34. Qingyuan Han, 2025. "Equity Market Price Changes Are Predictable: A Natural Science Approach," Papers 2510.01542, arXiv.org.
    35. Antonio Parravano & Ascensión Andina-Díaz & Miguel A Meléndez-Jiménez, 2016. "Bounded Confidence under Preferential Flip: A Coupled Dynamics of Structural Balance and Opinions," PLOS ONE, Public Library of Science, vol. 11(10), pages 1-23, October.
    36. Frédéric Docquier & Lucas Guichard & Stefano Iandolo & Hillel Rapoport & Riccardo Turati & Gonzague Vannoorenberghe, 2022. "Populism and the Skill-Content of Globalization: Evidence from the Last 60 Years," CESifo Working Paper Series 10068, CESifo.
    37. Fernández-Villaverde, Jesús & Santos, Tano, 2017. "Institutions and Political Party Systems: The Euro Case," CEPR Discussion Papers 12131, Centre for Economic Policy Research.
    38. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Stefan Gissler & Sebastian Doerr & Hans-Joachim Voth & José-Luis Peydró, 2019. "From Finance to Fascism," Working Papers 1092, Barcelona School of Economics.
    39. Aidt, Toke & Asatryan, Zareh & Badalyan, Lusine, 2024. "Political consequences of (consumer) debt relief," ZEW Discussion Papers 24-030, ZEW - Leibniz Centre for European Economic Research.
    40. Schnabl Gunther & Müller Sebastian, 2019. "The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union," The Economists' Voice, De Gruyter, vol. 16(1), pages 1-18, December.
    41. Giray Gozgor, 2020. "The Role of Economic Uncertainty in Rising Populism in the EU," CESifo Working Paper Series 8499, CESifo.
    42. Italo Colantone & Piero Stanig, 2019. "The Surge of Economic Nationalism in Western Europe," Journal of Economic Perspectives, American Economic Association, vol. 33(4), pages 128-151, Fall.
    43. Lychakov, Nikita, 2019. "From financial crisis to revolution: Russia 1899-1905," MPRA Paper 95166, University Library of Munich, Germany.
    44. Ochsner, Christian & Roesel, Felix, 2016. "Migrating Extremists," VfS Annual Conference 2016 (Augsburg): Demographic Change 145632, Verein für Socialpolitik / German Economic Association.
    45. Alexander Abroskin, 2014. "Prospects for the development of innovative processes management information base in the Russian economy," Working Papers 0092, Gaidar Institute for Economic Policy, revised 2014.
    46. Poutvaara, Panu & Steinhardt, Max Friedrich, 2018. "Bitterness in life and attitudes towards immigration," European Journal of Political Economy, Elsevier, vol. 55(C), pages 471-490.
    47. Titl, Vitezslav & De Witte, Kristof, 2022. "How politics influence public good provision," Socio-Economic Planning Sciences, Elsevier, vol. 81(C).
    48. Proaño Acosta, Christian & Peña, Juan Carlos & Saalfeld, Thomas, 2019. "Inequality, macroeconomic performance and political polarization: An empirical analysis," BERG Working Paper Series 149, Bamberg University, Bamberg Economic Research Group.
    49. Kollmann, Robert & Leeper, Eric & Roeger, Werner, 2016. "The Post-Crisis Slump," MPRA Paper 71291, University Library of Munich, Germany.
    50. Alexander Opitz, 2018. "“Comrades, Let's March!”.† The Revolution of 1905 and its impact on financial markets," European Review of Economic History, European Historical Economics Society, vol. 22(1), pages 28-52.
    51. Nguyen, Phuc Lam Thy & Alsakka, Rasha & Mantovan, Noemi, 2023. "Political preferences and stock markets," International Review of Financial Analysis, Elsevier, vol. 90(C).
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    54. William R. White, 2016. "Ultra-Easy Money: Digging the Hole Deeper?," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 51(4), pages 188-202, October.
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    60. Gyongyosi, Gyozo & Verner, Emil, 2018. "Financial Crisis, Creditor-Debtor Conflict, and Political Extremism," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181587, Verein für Socialpolitik / German Economic Association.
    61. Nexhat Kryeziu & Egzon Hoxha, 2021. "Fiscal Deficit and its Effects on Economic Growth: Empirical evidence," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 10(1), pages 62-70, January.
    62. Heap, Shaun P. Hargreaves & Koop, Christel & Matakos, Konstantinos & Unan, Asli & Weber, Nina Sophie, 2021. "We Cannot Disagree Forever! Reality Polarization and Citizens’ Post-Pandemic Fiscal Adjustment Preferences," SocArXiv 69tup, Center for Open Science.
    63. Docquier, Frédéric & Iandolo, Stefano & Rapoport, Hillel & Turati, Riccardo & Vannoorenberghe, Gonzague, 2025. "Populism and the Skill-Content of Globalization," IZA Discussion Papers 18041, IZA Network @ LISER.
    64. Mr. Tito Boeri & Ms. Prachi Mishra & Mr. Chris Papageorgiou & Mr. Antonio Spilimbergo, 2018. "Populism and Civil Society," IMF Working Papers 2018/245, International Monetary Fund.
    65. Gersbach, Hans & Köhler-Schindler, Laurin, 2019. "Politsplaining: Populism Breeds Populism," CEPR Discussion Papers 13919, Centre for Economic Policy Research.
    66. Dirk Ehnts & Michael Paetz, 2021. "COVID-19 and its economic consequences for the Euro Area," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(2), pages 227-249, June.
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    Cited by:

    1. Andrew Haldane & Matt Roberts-Sklar & Tomasz Wieladek & Chris Young, 2016. "QE: The Story so far," Bank of England working papers 624, Bank of England.
    2. Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
    3. Jörg Bibow, 2018. "Unconventional monetary policies and central bank profits," IMK Studies 62-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    4. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, Centre for Economic Policy Research.
    5. Zbigniew Polański & Mikołaj Szadkowski, 2021. "An accounting-based model of seigniorage, and recent monetary developments," Bank i Kredyt, Narodowy Bank Polski, vol. 52(5), pages 391-436.
    6. Ciccarelli, Matteo & García, Juan Angel & Montes-Galdón, Carlos, 2017. "Unconventional monetary policy and the anchoring of inflation expectations," Working Paper Series 1995, European Central Bank.
    7. Mike Anson & David Bholat & Miao Kang & Ryland Thomas, 2017. "The Bank of England as Lender of Last Resort: New historical evidence from daily transactional data," Working Papers 0117, European Historical Economics Society (EHES).
    8. Bazot, Guillaume & Monnet, Eric & Morys, Matthias, 2019. "Taming the gobal financial cycle: Central banks and the sterilization of capital flows in the first era of globalization," IBF Paper Series 03-19, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    9. Benjamin Braun, 2016. "Speaking to the people? Money, trust, and central bank legitimacy in the age of quantitative easing," Review of International Political Economy, Taylor & Francis Journals, vol. 23(6), pages 1064-1092, November.
    10. Lixin Sun, 2020. "On the People’s Bank of China’s Financial Strength and Policy Outcomes," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(3), pages 135-161.
    11. Braun, Benjamin, 2016. "Speaking to the people? Money, trust, and central bank legitimacy in the age of quantitative easing," MPIfG Discussion Paper 16/12, Max Planck Institute for the Study of Societies.
    12. Anne-Marie Rieu-Foucault, 2018. "Les interventions de crise de la FED et de la BCE diffèrent-elles ?," EconomiX Working Papers 2018-31, University of Paris Nanterre, EconomiX.
    13. Constantin ANGHELACHE & Madalina Gabriela ANGHEL & Marius POPOVICI, 2016. "Financial-monetary analysis model," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(7), pages 19-23, July.
    14. Monnet, Eric & bazot, guillaume & Morys, Matthias, 2019. "Taming the Global Financial Cycle: Central Banks and the Sterilization of Capital Flows in the First Era of Globalization (1891," CEPR Discussion Papers 13895, Centre for Economic Policy Research.

  49. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," CESifo Working Paper Series 4993, CESifo.

    Cited by:

    1. Xavier Freixas & Luz Mary Pinzón, 2025. "Does Local Credit Matter? The Spanish Case," Working Papers 1512, Barcelona School of Economics.
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    1. Joanna Stawska & Katarzyna Miszczyńska, 2017. "The Impact of the European Central Bank’s Interest Rates on Investments in the Euro Area," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 51-72.
    2. Guay Lim & Sarantis Tsiaplias, 2016. "Non-Linearities in the Relationship between House Prices and Interest Rates: Implications for Monetary Policy," Melbourne Institute Working Paper Series wp2016n02, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    3. Andreas Hoffmann & Gunther Schnabl, 2016. "Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution," CESifo Working Paper Series 5754, CESifo.
    4. Dedola, Luca & Georgiadis, Georgios & Gräb, Johannes & Mehl, Arnaud, 2018. "Does a big bazooka matter? Central bank balance-sheet policies and exchange rates," Working Paper Series 2197, European Central Bank.
    5. Florian Léon, 2019. "Household Credit and Growth: International Evidence," DEM Discussion Paper Series 19-02, Department of Economics at the University of Luxembourg.
    6. Tim Landvoigt & Stijn Van Nieuwerburgh & Vadim Elenev, 2015. "Phasing out the GSEs," 2015 Meeting Papers 977, Society for Economic Dynamics.
    7. Edward P. Herbst & Benjamin K. Johannsen, 2020. "Bias in Local Projections," Finance and Economics Discussion Series 2020-010r1, Board of Governors of the Federal Reserve System (U.S.), revised 04 Jan 2021.
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    Cited by:

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    Cited by:

    1. Kristijan Kotarski & Milan Deskar-Škrbiæ, 2016. "Transcending the new macroeconomic orthodoxy in the Eurozone: a Post-Keynesian view," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 419-441.
    2. Caner, Mehmet & Fan, Qingliang & Grennes, Thomas, 2021. "Partners in debt: An endogenous non-linear analysis of the effects of public and private debt on growth," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 694-711.
    3. Brändle, Thomas & Elsener, Marc, 2023. "Do fiscal rules matter? A survey on recent evidence," Working papers 2023/07, Faculty of Business and Economics - University of Basel.
    4. Yohanes Maria Vianey Mudayen & Lincolin Arsyad & Rimawan Pradiptyo & Sekar Utami Setiastuti, 2025. "Does Public Debt Encourage Economic Growth? An Application of Quantile Regressions to Panel Data for Developing Countries," Economies, MDPI, vol. 13(4), pages 1-31, April.
    5. Jung, Alexander, 2020. "An empirical analysis of loan supply and demand in the euro area," International Review of Economics & Finance, Elsevier, vol. 70(C), pages 187-201.
    6. Augustin, Patrick & Sokolovski, Valeri & Subrahmanyam, Marti G. & Tomio, Davide, 2022. "In sickness and in debt: The COVID-19 impact on sovereign credit risk," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1251-1274.
    7. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    8. Jung, Alexander & Carcel Villanova, Hector, 2020. "The empirical properties of euro area M3, 1980-2017," The Quarterly Review of Economics and Finance, Elsevier, vol. 77(C), pages 37-49.
    9. Philipp Heimberger & Jakob Kapeller, 2016. "The performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies," Working Papers Series 50, Institute for New Economic Thinking.
    10. Maria Manuel Campos & Cristina Checherita-Westphal, 2019. "Economic consequences of high public debt and challenges ahead for the euro area," Working Papers o201904, Banco de Portugal, Economics and Research Department.
    11. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2025. "Characterizing public debt cycles: the non-negligible impact of financial cycles," Empirical Economics, Springer, vol. 68(4), pages 1529-1566, April.
    12. Vicente Esteve & Cecilio Tamarit, 2018. "Public debt and economic growth in Spain, 1851–2013," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(2), pages 219-249, May.
    13. Mr. Tamon Asonuma & Mr. Marcos Chamon & Aitor Erce & Akira Sasahara, 2019. "Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel," IMF Working Papers 2019/069, International Monetary Fund.
    14. Mathonnat, Clément & Minea, Alexandru, 2018. "Financial development and the occurrence of banking crises," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 344-354.
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    16. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2024. "How do financial variables impact public debt growth in China? An empirical study based on Markov regime-switching model," Papers 2407.02183, arXiv.org.
    17. Eichacker, Nina, 2015. "Financial liberalization and the onset of financial crisis in Western European states between 1983 and 2011: An econometric investigation," The North American Journal of Economics and Finance, Elsevier, vol. 34(C), pages 323-343.
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    19. Filardo, Andrew J. & Siklos, Pierre L., 2020. "The cross-border credit channel and lending standards surveys," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 67(C).
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    21. Mathias Klein, 2017. "Austerity and Private Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1555-1585, October.
    22. Martin Kuncl, 2016. "Fragility of Resale Markets for Securitized Assets and Policy of Asset Purchases," Staff Working Papers 16-46, Bank of Canada.
    23. Nsafoah, Dennis & Dery, Cosmas, 2024. "Effect of conventional and unconventional monetary policy shocks on housing prices in Canada," Journal of Housing Economics, Elsevier, vol. 64(C).
    24. Felipe Benguria & Alan M. Taylor, 2020. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," American Economic Review: Insights, American Economic Association, vol. 2(4), pages 509-526, December.
    25. Bennani, T. & Després, M. & Dujardin, M. & Duprey, T. & Kelber, A., 2014. "Macroprudential framework:key questions applied to the French case," Occasional papers 9, Banque de France.
    26. Li, Jing-Ping & Mirza, Nawazish & Rahat, Birjees & Xiong, Deping, 2020. "Machine learning and credit ratings prediction in the age of fourth industrial revolution," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    27. Luigi Guiso & Massimo Morelli & Tommaso Sonno & Helios Herrera, 2021. "The Financial Drivers of Populism in Europe," BAFFI CAREFIN Working Papers 21166, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    28. Eric Monnet & Miklos Vari, 2019. "Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy," IMF Working Papers 2019/176, International Monetary Fund.
    29. Claudio Borio & Boris Hofmann, 2017. "Is Monetary Policy Less Effective When Interest Rates Are Persistently Low?," RBA Annual Conference Volume (Discontinued), in: Jonathan Hambur & John Simon (ed.),Monetary Policy and Financial Stability in a World of Low Interest Rates, Reserve Bank of Australia.
    30. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2015. "Going to Extremes: Politics after Financial Crises, 1870-2014," CESifo Working Paper Series 5553, CESifo.
    31. Schularick, Moritz & Ferguson, Niall & Schaab, Andreas, 2015. "Central Bank Balance Sheets: Expansion and Reduction since 1900," CEPR Discussion Papers 10635, Centre for Economic Policy Research.
    32. Rémi Bazillier & Jérôme Hericourt, 2014. "The Circulare Relationship between inequality, Leverage and Financial Crisis," Working Papers halshs-01204821, HAL.
    33. Stephan Luck & Paul Schempp, 2014. "Outside Liquidity, Rollover Risk, and Government Bonds," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2014_14, Max Planck Institute for Behavioral Economics.
    34. Monnet, Eric & Vari, Miklos, 2020. "A dilemma between liquidity regulation and monetary policy: some history and theory," CEPR Discussion Papers 15001, Centre for Economic Policy Research.
    35. Christina D. Romer & David H. Romer, 2019. "Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why," NBER Working Papers 25768, National Bureau of Economic Research, Inc.
    36. Lepers, Etienne, 2025. "Surfing the credit wave: Government popularity as driver of credit cycles," European Journal of Political Economy, Elsevier, vol. 90(PA).
    37. Benedetta Bianchi, 2016. "Sovereign Risk Premia and the International Balance Sheet: Lessons from the European Crisis," Open Economies Review, Springer, vol. 27(3), pages 471-493, July.
    38. Thomas Brändle & Marc Elsener, 2024. "Do fiscal rules matter? A survey of recent evidence," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 160(1), pages 1-38, December.
    39. Rant, Vasja & Marinč, Matej & Porenta, Jan, 2021. "Debt and convergence: Evidence from the EU member states," Finance Research Letters, Elsevier, vol. 39(C).
    40. Liu, Jingyang & Kool, Clemens J.M., 2018. "Money and credit overhang in the euro area," Economic Modelling, Elsevier, vol. 68(C), pages 622-633.
    41. Pablo Guerrón-Quintana & Alexey Khazanov & Molin Zhong, 2023. "Financial and Macroeconomic Data Through the Lens of a Nonlinear Dynamic Factor Model," Finance and Economics Discussion Series 2023-027, Board of Governors of the Federal Reserve System (U.S.).
    42. Joao Jalles, 2023. "Pandemics and economic turmoil in the shortrun: the role of fiscal space," Working Papers 2023.02, International Network for Economic Research - INFER.
    43. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2019. "Sovereigns going bust: Estimating the cost of default," European Economic Review, Elsevier, vol. 119(C), pages 1-21.
    44. Jung, Alexander & Uhlig, Harald, 2019. "Monetary policy shocks and the health of banks," Working Paper Series 2303, European Central Bank.
    45. Paraskevi K. Salamaliki & Ioannis A. Venetis, 2024. "Fiscal Space and Policy Response to Financial Crises: Market Access and Deficit Concerns," Open Economies Review, Springer, vol. 35(2), pages 323-361, April.
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    95. Marjan Petreski, 2024. "The Fiscal Space And The Fiscal Stimulus During Crisis In The Western Balkans," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 69(242), pages 7-25, July – Se.
    96. Irina Balteanu & Aitor Erce, 2018. "Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(4), pages 617-664, December.
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    99. Presbitero, Andrea & Eberhardt, Markus, 2021. "Commodity Prices and Banking Crises," CEPR Discussion Papers 15959, Centre for Economic Policy Research.
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  54. Moritz Schularick & Paul Wachtel, 2012. "The Making of America's Imbalances," Working Papers 12-09, New York University, Leonard N. Stern School of Business, Department of Economics.

    Cited by:

    1. Hattendorff, Christian, 2012. "Do natural resource sectors rely less on external finance than manufacturing sectors?," Discussion Papers 2012/17, Free University Berlin, School of Business & Economics.
    2. Ashley M Votruba & Virginia S Y Kwan, 2015. "Disagreeing on Whether Agreement Is Persuasive: Perceptions of Expert Group Decisions," PLOS ONE, Public Library of Science, vol. 10(3), pages 1-9, March.
    3. Taylor, Alan M., 2012. "External Imbalances and Financial Crises," CEPR Discussion Papers 9255, Centre for Economic Policy Research.

  55. Oscar Jorda & Moritz Schularick & Alan Taylor, 2012. "When Credit Bites Back: Leverage, Business Cycles and Crises," Working Papers 172, University of California, Davis, Department of Economics.

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    1. Konstantinos N. Baltas, 2025. "The nexus between bank efficiency and leverage," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 811-839, January.
    2. Binici, Mahir & Köksal, Bülent & Orman, Cüneyt, 2012. "Stock return comovement and systemic risk in the Turkish banking system," MPRA Paper 38663, University Library of Munich, Germany.
    3. Mary C. Daly & Bart Hobijn & Aysegül Sahin & Robert G. Valletta, 2012. "A Search and Matching Approach to Labor Markets: Did the Natural Rate of Unemployment Rise?," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 3-26, Summer.
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    6. Schularick, Moritz, 2012. "Public debt and financial crises in the twentieth century," Discussion Papers 2012/1, Free University Berlin, School of Business & Economics.
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    11. Kevin H. O'Rourke & Alan M. Taylor, 2013. "Cross of Euros," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 167-192, Summer.
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    13. Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, Centre for Economic Policy Research.
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    16. Reinhart, Carmen & Trebesch, Christoph, 2015. "The International Monetary Fund: 70 Years of Reinvention," Working Paper Series 15-077, Harvard University, John F. Kennedy School of Government.
    17. Guste Santini, 2013. "Promocija knjige prof. dr. sc. Dragoljuba Stojanova: Ekonomska kriza i kriza ekonomske znanosti," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 383-386.
    18. Cukierman, Alex, 2013. "Monetary policy and institutions before, during, and after the global financial crisis," Journal of Financial Stability, Elsevier, vol. 9(3), pages 373-384.
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    21. Carlos Canizares Martinez, 2023. "Leaning against housing booms fueled by credit," Working Papers 513, University of Milano-Bicocca, Department of Economics.
    22. TRENCA Ioan & MUTU Simon & COROVEI Emilia, 2014. "Improving Ews For Banking Crises: Roc And Auroc Analysis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 66(3), pages 106-118.
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    25. Bezemer, Dirk & Grydaki, Maria, 2014. "Nonfinancial sectors debt and the U.S. great moderation," Research Report 14030-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    26. Nicholas Oulton & María Sebastiá-Barriel, 2013. "Long and Short-Term Effects of the Financial Crisis on Labour Productivity, Capital and Output," CEP Discussion Papers dp1185, Centre for Economic Performance, LSE.
    27. Nicholas Oulton, 2013. "Medium and long run prospects for UK growth in the aftermath of the financial crisis," Discussion Papers 1307, Centre for Macroeconomics (CFM).
    28. Dwyer, Gerald P. & Devereux, John & Baier, Scott & Tamura, Robert, 2013. "Recessions, growth and banking crises," Journal of International Money and Finance, Elsevier, vol. 38(C), pages 18-40.
    29. Balázs Égert & Douglas Sutherland, 2014. "The Nature of Financial and Real Business Cycles: The Great Moderation and Banking Sector Pro-Cyclicality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(1), pages 98-117, February.
    30. Bezemer, Dirk & Grydaki, Maria, 2013. "Debt and the U.S. Great Moderation," MPRA Paper 47399, University Library of Munich, Germany.
    31. Pagano, Marco, 2014. "Dealing with financial crises: How much help from research?," CFS Working Paper Series 481, Center for Financial Studies (CFS).
    32. Ignacio Lozano & Alexander Guar�n, 2014. "Banking Fragility in Colombia: An Empirical Analysis Based on Balance Sheets," Borradores de Economia 11145, Banco de la Republica.
    33. Daniel Carvalho, 2014. "Financial Integration and the Great Leveraging," Working Papers w201407, Banco de Portugal, Economics and Research Department.
    34. Percic Stanislav & Apostoaie Constantin-Marius & Chirlesan Dan, 2013. "A Tale Of Two Cycles In Developing And Advanced Economies: A Country Case Study Comparison," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 440-450, December.
    35. A. Bruggeman & Ch. Van Nieuwenhuyze, 2013. "Size and dynamics of debt positions in Belgium and in the euro area," Economic Review, National Bank of Belgium, issue i, pages 57-77, June.
    36. Xiaochun Jiang & Wei Sun & Peng Su & Ting Wang, 2019. "The Synergy of Financial Volatility between China and the United States and the Risk Conduction Paths," Sustainability, MDPI, vol. 11(15), pages 1-22, August.
    37. Reinhart, Carmen & Kenneth, Rogoff, 2012. "This Time is Different, Again? The United States Five Years after the Onset of Subprime," MPRA Paper 51257, University Library of Munich, Germany.
    38. Douglas Sutherland & Peter Hoeller & Rossana Merola & Volker Ziemann, 2012. "Debt and Macroeconomic Stability," OECD Economics Department Working Papers 1003, OECD Publishing.
    39. Gurgone, Andrea & Iori, Giulia & Jafarey, Saqib, 2018. "The effects of interbank networks on efficiency and stability in a macroeconomic agent-based model," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 257-288.
    40. Farboodi, Maryam & Kondor, Peter, 2021. "Cleansing by tight credit: rational cycles and endogenous lending standards," LSE Research Online Documents on Economics 118900, London School of Economics and Political Science, LSE Library.
    41. Josip Baotic, 2013. "Hrvatska u novom regionalnom okruženju i lokalne/podrucne samouprave u regionalnom razvoju RH," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 337-344.
    42. Sandra Bebek, 2013. "Dragoljub Stojanov: Ekonomska kriza i kriza ekonomske znanosti, Rijeka - Ekonomski fakultet, 2013," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 443-449.
    43. Claudio Borio, 2014. "Monetary policy and financial stability: what role in prevention and recovery?," BIS Working Papers 440, Bank for International Settlements.
    44. Douglas Sutherland & Peter Hoeller, 2012. "Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics," OECD Economics Department Working Papers 1006, OECD Publishing.
    45. Avner Offer, 2017. "The market turn: from social democracy to market liberalism," Economic History Review, Economic History Society, vol. 70(4), pages 1051-1071, November.
    46. Alessi, Lucia & Antunes, Antonio & Babecky, Jan & Baltussen, Simon & Behn, Markus & Bonfim, Diana & Bush, Oliver & Detken, Carsten & Frost, Jon & Guimaraes, Rodrigo & Havranek, Tomas & Joy, Mark & Kau, 2015. "Comparing different early warning systems: Results from a horse race competition among members of the Macro-prudential Research Network," MPRA Paper 62194, University Library of Munich, Germany.
    47. Werner, Richard A., 2012. "Towards a new research programme on ‘banking and the economy’ — Implications of the Quantity Theory of Credit for the prevention and resolution of banking and debt crises," International Review of Financial Analysis, Elsevier, vol. 25(C), pages 1-17.
    48. Dragomir Vojnic, 2013. "Ekonomska znanost i ekonomska politika u svjetlu aktualnog trenutka razvoja," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 361-377.
    49. Franz Alonso Hamann Salcedo & Rafael Hernández & Luisa Fernanda Silva EScobar & Fernando Tenjo Galarza, 2013. "Credit Pro-cyclicality and Bank Balance Sheet in Colombia," Borradores de Economia 762, Banco de la Republica de Colombia.
    50. Merike Kukk, 2015. "How Did Household Indebtedness Hamper Consumption during the Recession? Evidence from Micro Data," a/ Working Papers Series 1505, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    51. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
    52. Mihaela Bratu, 2013. "Econometric Models or Smoothing Exponential Techniques to Predict Macroeconomic Indicators in Romania," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 255-272.
    53. Thomas Laubach & John C. Williams, 2015. "Measuring the natural rate of interest redux," Working Paper Series 2015-16, Federal Reserve Bank of San Francisco.
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    55. Pérez-Quirós, Gabriel & Gadea Rivas, Maria Dolores & Gomez-Loscos, Ana, 2015. "The Great Moderation in historical perspective.Is it that great?," CEPR Discussion Papers 10825, Centre for Economic Policy Research.
    56. Azra Hadžiahmetovic, 2013. "Promocija knjige prof. dr. Dragoljuba Stojanova "Ekonomska kriza i kriza ekonomske znanosti: Quo vadis Economics"," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 393-398.
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    58. Òscar Jordà & Alan M. Taylor, 2013. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," Working Paper Series 2013-25, Federal Reserve Bank of San Francisco.
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    60. Bucher, Monika & Dietrich, Diemo & Hauck, Achim, 2013. "Implications of Bank Regulation for Credit Intermediation and Bank Stability: A Dynamic Perspective," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79792, Verein für Socialpolitik / German Economic Association.
    61. San Martín Albizuri, Nerea & Rodríguez Castellanos, Arturo, 2008. "¿Reflejan los índices de riesgo país las variables relevantes en el desencadenamiento de las crisis externas? Un análisis sobre el periodo 1994-2001," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    62. Veselin Draškovic, 2013. "Diskusija na skupu u Zagrebu 24.10.2012," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 345-348.
    63. Bucher, Monika & Dietrich, Diemo & Hauck, Achim, 2013. "Business cycles, bank credit and crises," Economics Letters, Elsevier, vol. 120(2), pages 229-231.
    64. Yi, Xingjian & Liu, Sheng & Wu, Zhouheng, 2022. "What drives credit expansion worldwide?——An empirical investigation with long-term cross-country panel data," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 225-242.
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    67. Philip Lane, 2013. "International Capital Flows and Domestic Financial Conditions: Lessons for Emerging Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp438, IIIS.
    68. Mimo Draškovic & Veselin Draškovic, 2013. "Kritika metodološkog individualizma," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 273-296.
    69. Zdravko Bazdan, 2013. "Globalization, Marina Tourism, Management and Business Intelligence," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 237-254.
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    110. Òscar Jordà, 2012. "Credit: a starring role in the downturn," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue apr16.
    111. Lindé, J. & Smets, F. & Wouters, R., 2016. "Challenges for Central Banks’ Macro Models," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2185-2262, Elsevier.
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    113. Igor M Tomic & John Angelidis, 2018. "Macroprudential Policy: Resolution and Continued Challenges," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 9(4), pages 43-50, October.
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    115. Philip R. Lane & Peter McQuade, 2014. "Domestic Credit Growth and International Capital Flows," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(1), pages 218-252, January.
    116. Esteban Gómez & Andrés Murcia Pabón & Nancy Zamudio Gómez, 2013. "Foreign Debt Flows and Domestic Credit: A Principal-Agent Approach," Temas de Estabilidad Financiera 075, Banco de la Republica de Colombia.
    117. Bouwman, Kees & Buis, Boyd & Pieterse-Bloem, Mary & Tham, Wing Wah, 2015. "A practical approach to constructing price-based funding liquidity factors," International Review of Economics & Finance, Elsevier, vol. 40(C), pages 90-97.
    118. Žarko Primorac, 2013. "Hrvatska u novom regionalnom okruženju," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 351-360.
    119. Łukasz Lenart & Mateusz Pipień, 2015. "Empirical Properties of the Credit and Equity Cycle within Almost Periodically Correlated Stochastic Processes - the Case of Poland, UK and USA," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 7(3), pages 169-186, September.
    120. Jorge Feregrino & Juan Felipe Espinosa-Cristia & Nelson Lay & Luis Leyton, 2022. "Inappropriate Corporate Strategies: Latin American Companies That Increase Their Value by Short-Term Liabilities," IJFS, MDPI, vol. 10(4), pages 1-15, October.
    121. Gropp, Reint E. & Krainer, John & Laderman, Elizabeth, 2014. "Did consumers want less debt? Consumer credit demand versus supply in the wake of the 2008-2009 financial crisis," SAFE Working Paper Series 42, Leibniz Institute for Financial Research SAFE.
    122. Nadja Dwenger & Viktor Steiner, 2014. "Financial leverage and corporate taxation: evidence from German corporate tax return data," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 21(1), pages 1-28, February.
    123. Grégory Levieuge, 2015. "Explaining and forecasting bank loans. Good times and crisis," Working papers 566, Banque de France.
    124. Fatás, Antonio & Summers, Lawrence H., 2018. "The permanent effects of fiscal consolidations," Journal of International Economics, Elsevier, vol. 112(C), pages 238-250.
    125. Claudio Borio, 2014. "The financial cycle and macroeconomics: what have we learned and what are the policy implications?," Chapters, in: Ewald Nowotny & Doris Ritzberger-Grünwald & Peter Backé (ed.), Financial Cycles and the Real Economy, chapter 2, pages 10-35, Edward Elgar Publishing.
    126. Oscar Jorda & John Fernald & Fernanda Nechio & Mary Daly, 2013. "Okun’s Macroscope: Changes in the Cyclical Behavior of Productivity and the Comovement between Output and Unemployment," 2013 Meeting Papers 1155, Society for Economic Dynamics.
    127. Dragoljub Stojanov, 2013. "Ekonomski imperijalizam i ekonomska kakofonija," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 427-439.
    128. Buncic, Daniel & Melecky, Martin, 2014. "Equilibrium credit: The reference point for macroprudential supervisors," Journal of Banking & Finance, Elsevier, vol. 41(C), pages 135-154.
    129. Silvana Bartoletto & Bruno Chiarini & Elisabetta Marzano & Paolo Piselli, 2017. "Business Cycles, Credit Cycles, and Bank Holdings of Sovereign Bonds: Historical Evidence for Italy 1861-2013," Quaderni di storia economica (Economic History Working Papers) 43, Bank of Italy, Economic Research and International Relations Area.
    130. Catarina Lourenço Soares & Adelaide Maria de Sousa Figueiredo & Fernanda Otília de Sousa Figueiredo, 2014. "Analysis of Public, Private and Financial Sectors in European Countries Through the Statis Methodology," FEP Working Papers 541, Universidade do Porto, Faculdade de Economia do Porto.
    131. Mr. Jaromir Benes & Mr. Douglas Laxton & Mr. Joannes Mongardini, 2016. "Mitigating the Deadly Embrace in Financial Cycles: Countercyclical Buffers and Loan-to-Value Limits," IMF Working Papers 2016/087, International Monetary Fund.
    132. Michalis Nikiforos, 2013. "Employment Recovery? after the Great Recession," Economics Policy Note Archive 13-03, Levy Economics Institute.
    133. Falter, Alexander, 2019. "Macro to the rescue? An analysis of macroprudential instruments to regulate housing credit," Discussion Papers 25/2019, Deutsche Bundesbank.
    134. Grydaki, Maria & Bezemer, Dirk, 2013. "Did Credit Decouple from Output in the Great Moderation?," MPRA Paper 47424, University Library of Munich, Germany.
    135. Levine, Paul & Lima, Diana, 2015. "Policy mandates for macro-prudential and monetary policies in a new Keynesian framework," Working Paper Series 1784, European Central Bank.
    136. Giakas, Konstantinos, 2023. "Hysteresis, financial frictions and monetary policy," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    137. Atif R. Mian & Amir Sufi & Francesco Trebbi, 2012. "Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises," NBER Working Papers 17831, National Bureau of Economic Research, Inc.
    138. William R. White, 2012. "Ultra easy monetary policy and the law of unintended consequences," Globalization Institute Working Papers 126, Federal Reserve Bank of Dallas.
    139. Gary B. Gorton, 2012. "Some Reflections on the Recent Financial Crisis," NBER Working Papers 18397, National Bureau of Economic Research, Inc.
    140. Concha Betrán & María A. Pons, 2013. "Understanding Spanish Financial crises, 1850-2000: What determined their severity?," Working Papers 0048, European Historical Economics Society (EHES).
    141. Valdivia Coria, Joab Dan & Valdivia Coria, Daney David, 2021. "Impacto del Stress Sistémico en el Crecimiento Económico: Caso Guatemala [Systemic Stress Impact on Economic Growth: The case of Guatemala]," MPRA Paper 110669, University Library of Munich, Germany.
    142. Franz Hamann & Rafael Hern�ndez & Luisa Silva & Fernando Tenjo G., 2014. "Leverage Pro-cyclicality and Bank Balance Sheet in Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 32(73), pages 50-76.
    143. RAMON-DANGLA, Remedios & YAÑEZ-MUÑOZ, Leonardo, 2018. "How The Public Spending On Defense Can Affect Business Survival? The Case Of Shipbuilding In Spain," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 18(2), pages 71-86.
    144. Fabio Verona & Manuel M. F. Martins & Inês Drumond, 2014. "Financial Shocks and Optimal Monetary Policy Rules," CEF.UP Working Papers 1402, Universidade do Porto, Faculdade de Economia do Porto.
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    152. Ignacio Hernando & Pedro del Río & Irene Pablos, 2015. "Adjustment and growth prospects in the developed economies," Economic Bulletin, Banco de España, issue MAR, pages 29-44, March.
    153. Ryan-Collins, Josh & Werner, Richard A. & Castle, Jennifer, 2016. "A half-century diversion of monetary policy? An empirical horse-race to identify the UK variable most likely to deliver the desired nominal GDP growth rate," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 43(C), pages 158-176.

  56. Schularick, Moritz, 2012. "Public debt and financial crises in the twentieth century," Discussion Papers 2012/1, Free University Berlin, School of Business & Economics.

    Cited by:

    1. Ambrosius, Christian, 2017. "What explains the speed of recovery from banking crises?," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 257-287.
    2. De Grauwe, Paul & Ji, Yuemei, 2014. "How much Fiscal Discipline in a Monetary Union?," Journal of Macroeconomics, Elsevier, vol. 39(PB), pages 348-360.
    3. Ambrosius, Christian, 2015. "Policy Constraints and the Recovery from Banking Crises," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112983, Verein für Socialpolitik / German Economic Association.
    4. Ambrosius, Christian, 2016. "What Explains the Speed of Recovery from Banking Crises?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145606, Verein für Socialpolitik / German Economic Association.
    5. Michael D. Bordo & Christopher M. Meissner, 2016. "Fiscal and Financial Crises," NBER Working Papers 22059, National Bureau of Economic Research, Inc.
    6. Markus Leibrecht & Johann Scharler, 2017. "Financial Crises and the Composition of Public Finances: Evidence from OECD Countries," ICMA Centre Discussion Papers in Finance icma-dp2017-04, Henley Business School, University of Reading.
    7. Steiner, Andreas, 2013. "How central banks prepare for financial crises – An empirical analysis of the effects of crises and globalisation on international reserves," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 208-234.
    8. Birol KARAKURT & Tekin AKDEMİR, 2016. "Küresel Finansal Krizinin Devlet Borçlarına Etkisi: Gelişmiş ve Gelişmekte Olan Ülkeler Açısından Bir Değerlendirme," Sosyoekonomi Journal, Sosyoekonomi Society, issue 24(29).
    9. İbrahim Özmen, 2025. "Which debt belongs to the state and which debt belongs to the market? Comparative new evidence several capitalist regimes," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-34, December.
    10. Sabaté, Marcela & Fillat, Carmen & Escario, Regina, 2019. "Budget deficits and money creation: Exploring their relation before Bretton Woods," Explorations in Economic History, Elsevier, vol. 72(C), pages 38-56.
    11. Dalia Mansour-Ibrahim, 2023. "Are the Eurozone Financial and Business Cycles Convergent Across Time and Frequency?," Computational Economics, Springer;Society for Computational Economics, vol. 61(1), pages 389-427, January.

  57. Marcus Kappler & Helmut Reisen & Moritz Schularick & Edouard Turkisch, 2011. "The Macroeconomic Effects of Large Exchange Rate Appreciations," OECD Development Centre Working Papers 296, OECD Publishing.

    Cited by:

    1. Grill, Plina & Bresser, Rudi K. F., 2011. "Resource-based theory and mergers & acquisitions success," Discussion Papers 2011/26, Free University Berlin, School of Business & Economics.
    2. Farid Makhlouf & Mazhar Mughal, 2011. "Remittances, Dutch Disease, and Competitiveness - A Bayesian Analysis," Working Papers hal-01885157, HAL.
    3. Corneo, Giacomo, 2011. "A note on the taxation of couples under income uncertainty," Discussion Papers 2011/16, Free University Berlin, School of Business & Economics.
    4. Eliphas Ndou & Nombulelo Gumata & Tebello Moletsane, 2024. "Exchange rate and GDP nexus in South Africa: the disconnect after the 2008 global recession," SN Business & Economics, Springer, vol. 4(2), pages 1-27, February.
    5. Gervais, Olivier & Schembri, Lawrence & Suchanek, Lena, 2016. "Current account dynamics, real exchange rate adjustment, and the exchange rate regime in emerging-market economies," Journal of Development Economics, Elsevier, vol. 119(C), pages 86-99.
    6. Bussirère, Matthieu & Lopez, Claude & Tille, Cédric, 2013. "Currency Crises in Reverse: Do Large Real Exchange Rate Appreciations Matter for Growth?," MPRA Paper 44053, University Library of Munich, Germany.
    7. Yu Hsing, 2020. "Impacts of Real Depreciation and Appreciation on Aggregate Output in Taiwan," The American Economist, Sage Publications, vol. 65(1), pages 123-130, March.
    8. Toni Ahnert & Kristin Forbes & Christian Friedrich & Dennis Reinhardt, 2018. "Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability?," Staff Working Papers 18-55, Bank of Canada.
    9. Belke, Ansgar & Volz, Ulrich, 2019. "The Yen exchange rate and the hollowing out of the Japanese industry," Ruhr Economic Papers 818, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    10. Sook-Rei Tan & Wei-Siang Wang & Wai-Mun Chia, 2021. "International Capital Flows and Extreme Exchange Market Pressure: Evidence from Emerging Market Economies," Open Economies Review, Springer, vol. 32(3), pages 479-506, July.
    11. Guangfeng Zhang & Ronald MacDonald, 2014. "Real Exchange Rates, the Trade Balance and Net Foreign Assets: Long-Run Relationships and Measures of Misalignment," Open Economies Review, Springer, vol. 25(4), pages 635-653, September.
    12. Sauré, Philip, 2017. "Time-intensive R&D and unbalanced trade," European Economic Review, Elsevier, vol. 91(C), pages 229-244.
    13. Kappler, Marcus & Reisen, Helmut & Schularick, Moritz & Turkisch, Edouard, 2011. "Die makroökonomischen Effekte ausgeprägter Währungsaufwertungen," ZEW Wachstums- und Konjunkturanalysen, ZEW - Leibniz Centre for European Economic Research, vol. 14(1), pages 6-7.
    14. Barry Eichengreen & Andrew K. Rose, 2011. "Flexing Your Muscles: Abandoning a Fixed Exchange Rate for Greater Flexibility," NBER Chapters, in: NBER International Seminar on Macroeconomics 2011, pages 353-391, National Bureau of Economic Research, Inc.
    15. Erler, Alexander & Bauer, Christian & Herz, Bernhard, 2015. "To intervene, or not to intervene: Monetary policy and the costs of currency crises," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 432-456.
    16. Gunther Schnabl, 2015. "Foreign Currency Denominated Assets and International Shock Absorption in Switzerland and Japan," CESifo Working Paper Series 5624, CESifo.
    17. Teng, Faxin & Kamenev, Dmitry & Meier, Claudia & Klein, Martin, 2011. "Trade Integration, Restructuring and Global Imbalances - A Tale of Two Countries," 2011 IAMO Forum, June 23-24, 2011, Halle (Saale), Germany 115526, Institute of Agricultural Development in Transition Economies (IAMO).
    18. Aima Khan & Muhammad Azeem Qureshi, 2023. "Modelling the dynamics of firm valuation: An assessment of impact of exchange rate fluctuations on firm value using system dynamics," Systems Research and Behavioral Science, Wiley Blackwell, vol. 40(6), pages 890-900, November.
    19. Pablo Anaya & Stefan Hasenclever, 2018. "The Macroeconomic Effects of Exchange Rate Movements," DIW Roundup: Politik im Fokus 121, DIW Berlin, German Institute for Economic Research.
    20. Kappler, Marcus & Reisen, Helmut & Schularick, Moritz & Turkisch, Edouard, 2011. "The macroeconomic effects of large exchange rate appreciations," Discussion Papers 2011/3, Free University Berlin, School of Business & Economics.
    21. Victor Pontines & Reza Siregar, 2012. "Episodes of Large Exchange Rate Appreciations and Reserves Accumulations in Selected Asian Economies: Is Fear of Appreciations Justified?," CAMA Working Papers 2012-31, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    22. Doojav, Gan-Ochir & Purevdorj, Munkhbayar & Batjargal, Anand, 2024. "The macroeconomic effects of exchange rate movements in a commodity-exporting developing economy," International Economics, Elsevier, vol. 177(C).
    23. Christoph Fischer & Oliver Hossfeld & Karin Radeck, 2018. "On the Suitability of Alternative Competitiveness Indicators for Explaining Real Exports of Advanced Economies," Open Economies Review, Springer, vol. 29(1), pages 119-139, February.
    24. Arabinda Basistha & Sheida Teimouri, 2015. "Currency Crises and Output Dynamics," Open Economies Review, Springer, vol. 26(1), pages 139-153, February.
    25. Erick Lahura & Marco Vega, 2013. "Asymmetric effects of FOREX intervention using intraday data: evidence from Peru," BIS Working Papers 430, Bank for International Settlements.
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    1494. Kim, Dohan & Sohn, Wook, 2024. "Loan growth and quality over the credit cycle," International Review of Economics & Finance, Elsevier, vol. 95(C).
    1495. Thibaut Duprey, 2020. "Canadian Financial Stress and Macroeconomic Conditions," Discussion Papers 2020-4, Bank of Canada.
    1496. Mr. Lars E. O. Svensson, 2016. "Cost-Benefit Analysis of Leaning Against the Wind: Are Costs Larger Also with Less Effective Macroprudential Policy?," IMF Working Papers 2016/003, International Monetary Fund.
    1497. Boyd, John H. & De Nicolò, Gianni & Rodionova, Tatiana, 2019. "Banking crises and crisis dating: Disentangling shocks and policy responses," Journal of Financial Stability, Elsevier, vol. 41(C), pages 45-54.
    1498. Raghuram Rajan, 2015. "Competitive monetary easing: is it yesterday once more?," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 8(1-2), pages 5-16, July.
    1499. Silva, Felipe Bastos Gurgel, 2021. "Fiscal Deficits, Bank Credit Risk, and Loan-Loss Provisions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 56(5), pages 1537-1589, August.
    1500. William Gatt, 2025. "Housing Boom‐Bust Cycles and Asymmetric Macroprudential Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(2-3), pages 615-643, March.
    1501. Rebeca Anguren Martín, 2011. "Credit cycles: Evidence based on a non linear model for developed countries," Working Papers 1113, Banco de España.
    1502. Michael D. Bordo & Pierre Siklos, 2024. "The Importance of Sound Monetary Policy: Some Lessons for Today from Canada’s Experience with Floating Exchange Rates since 1950," Working Papers 320, Princeton University, Department of Economics, Center for Economic Policy Studies..
    1503. Manuel Buchholz, 2015. "How effective is macroprudential policy during financial downturns? Evidence from caps on banks̕ leverage," Bank of Estonia Working Papers wp2015-7, Bank of Estonia, revised 30 Dec 2015.
    1504. Bank for International Settlements, 2022. "Private sector debt and financial stability," CGFS Papers, Bank for International Settlements, number 67.
    1505. Pierluigi Bologna & Maddalena Galardo, 2024. "Calibrating the countercyclical capital buffer using AUROCs," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 53(1), February.
    1506. Aydın, Deniz, 2021. "Consumption Response to Credit Expansions: Evidence from Experimental Assignment of 45,307 Credit Lines," EconStor Preprints 222359, ZBW - Leibniz Information Centre for Economics.
    1507. Avdjiev, Stefan & Binder, Stephan & Sousa, Ricardo, 2021. "External debt composition and domestic credit cycles," Journal of International Money and Finance, Elsevier, vol. 115(C).
    1508. Douglas J. Elliott & Greg Feldberg & Andreas Lehnert, 2013. "The History of Cyclical Macroprudential Policy in the United States," Working Papers 13-05, Office of Financial Research, US Department of the Treasury.
    1509. Borgy, Vladimir & Clerc, Laurent & Renne, Jean-Paul, 2014. "Measuring aggregate risk: Can we robustly identify asset-price boom–bust cycles?," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 132-150.
    1510. Rüth, Sebastian K. & Simon, Camilla, 2020. "How Do Income and the Debt Position of Households Propagate Public into Private Spending?," Working Papers 0676, University of Heidelberg, Department of Economics.
    1511. Li, Yuexin, 2021. "Pricing art: Returns, trust, and crises," Other publications TiSEM 8832c172-83dd-4ed9-8215-0, Tilburg University, School of Economics and Management.
    1512. Friedrich Lucke, 2022. "The Great Moderation and the Financial Cycle," Working Papers REM 2022/0238, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    1513. Ignacio Hernando & Pedro del Río & Irene Pablos, 2015. "Adjustment and growth prospects in the developed economies," Economic Bulletin, Banco de España, issue MAR, pages 29-44, March.
    1514. Kim, Soyoung & Mehrotra, Aaron & Shim, Seri, 2025. "Governance arrangements and the use of macroprudential policy," Journal of International Money and Finance, Elsevier, vol. 154(C).
    1515. Ítalo Pedrosa & Dany Lang, 2021. "To what extent does aggregate leverage determine financial fragility? New insights from an agent-based stock-flow consistent model," Journal of Evolutionary Economics, Springer, vol. 31(4), pages 1221-1275, September.
    1516. Siodla, James, 2020. "Debt and taxes: Fiscal strain and US city budgets during the Great Depression," Explorations in Economic History, Elsevier, vol. 76(C).
    1517. Dichtl, Hubert & Drobetz, Wolfgang & Otto, Tizian, 2023. "Forecasting Stock Market Crashes via Machine Learning," Journal of Financial Stability, Elsevier, vol. 65(C).
    1518. Tihana Skrinjaric, 2023. "Leading indicators of financial stress in Croatia: a regime switching approach," Public Sector Economics, Institute of Public Finance, vol. 47(2), pages 205-232.
    1519. Philip R. Lane, 2012. "Financial Globalisation and the Crisis," BIS Working Papers 397, Bank for International Settlements.
    1520. Jorge E. Galán & Javier Mencía, 2021. "Model-based indicators for the identification of cyclical systemic risk," Empirical Economics, Springer, vol. 61(6), pages 3179-3211, December.
    1521. Riccardo De Bonis & Andrea Silvestrini, 2013. "The Italian financial cycle: 1861-2011," Temi di discussione (Economic working papers) 936, Bank of Italy, Economic Research and International Relations Area.
    1522. Agénor, Pierre-Richard & Zilberman, Roy, 2015. "Loan Loss Provisioning Rules, Procyclicality, and Financial Volatility," Journal of Banking & Finance, Elsevier, vol. 61(C), pages 301-315.
    1523. Guérineau, Samuel & Léon, Florian, 2019. "Information sharing, credit booms and financial stability: Do developing economies differ from advanced countries?," Journal of Financial Stability, Elsevier, vol. 40(C), pages 64-76.
    1524. Bambe, Bao-We-Wal, 2025. "Macroprudential policies and private domestic investment in developing countries: An instrumental variables approach," IDOS Discussion Papers 3/2025, German Institute of Development and Sustainability (IDOS).
    1525. Philipp F. M. Baumann & Enzo Rossi & Alexander Volkmann, 2020. "What Drives Inflation and How: Evidence from Additive Mixed Models Selected by cAIC," Papers 2006.06274, arXiv.org, revised Aug 2022.
    1526. Catullo, Ermanno & Gallegati, Mauro & Palestrini, Antonio, 2015. "Systemic risk and macro-prudential policies: A credit network-based approach," FinMaP-Working Papers 39, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    1527. Warapong Wongwachara & Bovonvich Jindarak & Nuwat Nookhwun & Sophon Tunyavetchakit & Chutipha Klungjaturavet, 2018. "Integrating Monetary Policy and Financial Stability: A New Framework," PIER Discussion Papers 100, Puey Ungphakorn Institute for Economic Research.
    1528. Manuela M. Dantas & Kenneth J. Merkley & Felipe B. G. Silva, 2023. "Government Guarantees and Banks’ Income Smoothing," Journal of Financial Services Research, Springer;Western Finance Association, vol. 63(2), pages 123-173, April.
    1529. Pierluigi Bologna & Maddalena Galardo, 2022. "Calibrating the countercyclical capital buffer for Italy," Questioni di Economia e Finanza (Occasional Papers) 679, Bank of Italy, Economic Research and International Relations Area.
    1530. Richard E. Itaman, 2022. "The finance‐growth nexus enigma: Bringing in institutional context and the productiveness debate," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 504-527, April.
    1531. Philipp Roderweis & Jamel Saadaoui & Francisco Serranito, 2023. "The Unintended Consequences of ECB’s Asset Purchases. How Excess Reserves Shape Bank Lending," Working Papers of BETA 2023-34, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    1532. Dominika Ehrenbergerova & Josef Bajzik, 2020. "The Effect of Monetary Policy on House Prices - How Strong is the Transmission?," Working Papers 2020/14, Czech National Bank, Research and Statistics Department.
    1533. Khuderchuluun Batsukh & Nicolas Groshenny & Naveed Javed, 2025. "Monetary policy transmission and household indebtedness in Australia," TEPP Working Paper 2025-02, TEPP.
    1534. Sever, Can, 2021. "Political booms and currency crises," Journal of Macroeconomics, Elsevier, vol. 70(C).
    1535. Maurizio MOTOLESE & Hiroyuki NAKATA, 2016. "Endogenous Fluctuations and Social Welfare under Credit Constraints and Heterogeneous Beliefs," Discussion papers 16082, Research Institute of Economy, Trade and Industry (RIETI).
    1536. Bianchi, Benedetta, 2018. "Structural credit ratios," ESRB Working Paper Series 85, European Systemic Risk Board.
    1537. Bationo, François D’Assises Babou, 2025. "Optimal credit development regimes and impact of foreign capital flows," Journal of International Money and Finance, Elsevier, vol. 157(C).
    1538. Pascal Paul, 2019. "The Time-Varying Effect of Monetary Policy on Asset Prices," Working Paper Series 2017-09, Federal Reserve Bank of San Francisco.
    1539. Hamdaoui, Mekki, 2016. "Are systemic banking crises in developed and developing countries predictable?," Journal of Multinational Financial Management, Elsevier, vol. 37, pages 114-138.
    1540. He, Wei & Tang, Xuanlin & Zeng, Hanzhe, 2024. "Testing static and dynamic leverage models: A standardized leverage measure approach," Finance Research Letters, Elsevier, vol. 66(C).
    1541. Josef Schroth, 2023. "Should Banks Be Worried About Dividend Restrictions?," Staff Working Papers 23-49, Bank of Canada.

  60. Niall Ferguson & Moritz Schularick, 2009. "The End of Chimerica," Harvard Business School Working Papers 10-037, Harvard Business School.

    Cited by:

    1. Christopher Garroway & Burcu Hacibedel & Helmut Reisen & Edouard Turkisch, 2012. "The Renminbi and Poor‐country Growth," The World Economy, Wiley Blackwell, vol. 35(3), pages 273-294, March.
    2. Gary W. Williams & Ji Luo, 2017. "Exchange Rate Policy and Global Supply Chains: The Case of the Chinese Renminbi and Global Soybean and Soybean Product Markets," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(1), pages 177-198.
    3. Steiner, Andreas, 2014. "Reserve accumulation and financial crises: From individual protection to systemic risk," European Economic Review, Elsevier, vol. 70(C), pages 126-144.
    4. Körner, Finn Marten, 2011. "An equilibrium model of 'global imbalances' revisited," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung" 33/2011, University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk.
    5. Steiner, Andreas, 2014. "Current account balance and dollar standard: Exploring the linkages," Journal of International Money and Finance, Elsevier, vol. 41(C), pages 65-94.
    6. Lin, Justin Yifu & Treichel, Volker, 2012. "The unexpected global financial crisis : researching its root cause," Policy Research Working Paper Series 5937, The World Bank.
    7. Kappler, Marcus & Reisen, Helmut & Schularick, Moritz & Turkisch, Edouard, 2011. "The macroeconomic effects of large exchange rate appreciations," Discussion Papers 2011/3, Free University Berlin, School of Business & Economics.
    8. Bonatti, Luigi & Fracasso, Andrea, 2013. "Regime switches in the Sino-American co-dependency: Growth and structural change in China," Structural Change and Economic Dynamics, Elsevier, vol. 25(C), pages 1-32.
    9. Stephen Devadoss & Amy Hilland & Ron Mittelhammer & John Foltz, 2014. "The effects of the Yuan-dollar exchange rate on agricultural commodity trade between the United States, China, and their competitors," Agricultural Economics, International Association of Agricultural Economists, vol. 45(S1), pages 23-37, November.
    10. Luigi Bonatti & Andrea Fracasso, 2011. "Chinese reserves accumulation and US monetary policy: Will China go on buying US financial assets?," Department of Economics Working Papers 1105, Department of Economics, University of Trento, Italia.
    11. Bonatti, Luigi & Fracasso, Andrea, 2013. "Hoarding of international reserves in China: Mercantilism, domestic consumption and US monetary policy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 1044-1078.
    12. Xiang Xu & Alice Siqi Han, 2018. "Will China Collapse: A Review, Assessment And Outlook," Economics Working Papers 18104, Hoover Institution, Stanford University.
    13. Meixing Dai, 2013. "In search of an optimal strategy for yuan’s real revaluation," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 11(1), pages 29-46, February.
    14. Dai, Meixing, 2011. "Motivations and strategies for a real revaluation of the Yuan," MPRA Paper 30440, University Library of Munich, Germany.

  61. Schularick, M. & Solomou, S., 2009. "Trade and Economic Growth: Historical Evidence," Cambridge Working Papers in Economics 0936, Faculty of Economics, University of Cambridge.

    Cited by:

    1. Broadberry, Stephen & Crafts, Nicholas, 2010. "Openness, Protectionism And Britain’S Productivity Performance Over The Long-Run," CAGE Online Working Paper Series 36, Competitive Advantage in the Global Economy (CAGE).
    2. Dan Liu & Christopher M. Meissner, 2013. "Market Potential and the Rise of US Productivity Leadership," NBER Working Papers 18819, National Bureau of Economic Research, Inc.

  62. Niall Ferguson & Moritz Schularick, 2008. "The "Thin Film Of Gold": Monetary Rules and Policy Credibility In Developing Countries," NBER Working Papers 13918, National Bureau of Economic Research, Inc.

    Cited by:

    1. Volosovych, Vadym, 2011. "Measuring financial market integration over the long run: Is there a U-shape?," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1535-1561.
    2. Monique Reid, 2012. "Inflation Expectations of the Inattentive General Public," Working Papers 08/2012, Stellenbosch University, Department of Economics.
    3. Mr. Marc G Quintyn & Sophia Gollwitzer, 2010. "The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments," IMF Working Papers 2010/193, International Monetary Fund.
    4. Esteves, Rui & Jalles, Joao Tovar, 2013. "Like Father like Sons? The Cost of Sovereign Defaults In Reduced Credit to the Private Sector," CEPR Discussion Papers 9303, Centre for Economic Policy Research.
    5. Grossman, Richard S. & Imai, Masami, 2009. "Japan's return to gold: Turning points in the value of the yen during the 1920s," Explorations in Economic History, Elsevier, vol. 46(3), pages 314-323, July.

  63. Schularick, Moritz & Steger, Thomas M., 2008. "The Lucas Paradox and the quality of institutions: then and now," Discussion Papers 2008/3, Free University Berlin, School of Business & Economics.

    Cited by:

    1. Ms. Corinne C Delechat & Mr. John Wakeman-Linn & Ms. Smita Wagh & Mr. Gustavo Ramirez, 2009. "Sub-Saharan Africa's Integration in the Global Financial Markets," IMF Working Papers 2009/114, International Monetary Fund.
    2. Andrea Papadia & Claudio Schioppa, 2020. "Foreign Debt, Capital Controls, and Secondary Markets: Theory and Evidence from Nazi Germany," Working Papers ECARES 2020-36, ULB -- Universite Libre de Bruxelles.
    3. Przemyslaw Pluskota, 2021. "Activity of Regional Microfinance Institutions in Terms of Regional Development," European Research Studies Journal, European Research Studies Journal, vol. 0(3 - Part ), pages 590-614.

  64. Moritz Schularick & Thomas Steger, 2006. "Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization," CESifo Working Paper Series 1691, CESifo.

    Cited by:

    1. Michael D. Bordo & Christopher M. Meissner, 2007. "Foreign Capital and Economic Growth in the First Era of Globalization," NBER Working Papers 13577, National Bureau of Economic Research, Inc.
    2. Ahmed Abdullahi D., 2011. "International Financial Integration, Investment and Economic Performance in Sub-Saharan African Countries," Global Economy Journal, De Gruyter, vol. 11(4), pages 1-28, December.
    3. Douglas W. Arner & Paul Lejot & Wei Wang, 2010. "Governance and Financial Integration in East Asia," Chapters, in: Masahiro Kawai & Jong-Wha Lee & Peter A. Petri & Giovanni Capanelli (ed.), Asian Regionalism in the World Economy, chapter 6, Edward Elgar Publishing.
    4. Michael D. Bordo, 2008. "Growing up to Financial Stability," Working Papers 85, Bank of Greece.
    5. Michael D. Bordo, 2007. "Growing Up to Financial Stability," NBER Working Papers 12993, National Bureau of Economic Research, Inc.
    6. Gerardo della Paolera & Alan M. Taylor, 2012. "Sovereign Debt in Latin America, 1820-1913," NBER Working Papers 18363, National Bureau of Economic Research, Inc.
    7. Lee, Chien-Chiang & Chen, Mei-Ping & Chang, Chi-Hung, 2014. "Industry co-movement and cross-listing: Do home country factors matter?," Japan and the World Economy, Elsevier, vol. 32(C), pages 96-110.
    8. Di Maria, Corrado & Valente, Simone, 2006. "The Direction of Technical Change in Capital-Resource Economies," MPRA Paper 1040, University Library of Munich, Germany.
    9. Joscha BECKMANN & Ansgar BELKE & Kühl, 2010. "Global Integration of Central and Eastern European Financial Markets - The Role of Economic Sentiments," EcoMod2010 259600021, EcoMod.
    10. Boyle, Glenn, 2009. "Capital Market Integration: A Review of the Issues and an Assessment of New Zealand's Position," Working Paper Series 19136, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    11. Yıldırım, Zal & Şendeniz-Yüncü, İlkay, 2025. "Financial development, international financial integration, and income inequality: An emerging markets perspective," Research in International Business and Finance, Elsevier, vol. 77(PA).
    12. Valente, Simone, 2006. "Intergenerational Transfers, Lifetime Welfare and Resource Preservation," MPRA Paper 1042, University Library of Munich, Germany.
    13. Edward J. Balistreri & Russell H. Hillberry & Thomas F. Rutherford, 2008. "Structural Estimation and Solution of International Trade Models with Heterogeneous Firms," CER-ETH Economics working paper series 08/89, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    14. Sonia Kumari Selvarajan & Rossazana Ab-Rahim, 2020. "Financial Integration and Economic Growth: Should Asia Emulate Europe?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 35(1), pages 191-213.
    15. Katarzyna Sum, 2012. "The integration of the financial markets and growth evidence from a global cross-country analysis," Bank i Kredyt, Narodowy Bank Polski, vol. 43(3), pages 47-70.
    16. Nasim Iranmanesh, 2025. "Analysis of financial convergence between the BRICS and OECD countries," PLOS ONE, Public Library of Science, vol. 20(2), pages 1-53, February.
    17. Evans, Olaniyi, 2013. "International Financial Integration and The Nigerian Economic Performance: a Var Modeling Approach," MPRA Paper 52459, University Library of Munich, Germany.
    18. Valente, Simone, 2006. "Trade, Envy and Growth: International Status Seeking in a Two-Country World," MPRA Paper 1095, University Library of Munich, Germany.
    19. Moritz Schularick, 2005. "A Tale Of Two “Globalizations”: Capital Flows From Rich To Poor In Two Eras Of Global Finance," Economic History 0509001, University Library of Munich, Germany.
    20. Pierre L. Siklos, 2022. "Did the great influenza of 1918–1920 trigger a reversal of the first era of globalization?," International Economics and Economic Policy, Springer, vol. 19(3), pages 459-490, July.
    21. Gabriel Mougani, 2012. "Working Paper 144 - An Analysis of the Impact of Financial Integration on Economic Activity and Macroeconomic Volatility in Africa within the Financial Globalization Context," Working Paper Series 375, African Development Bank.
    22. Rui Pedro Esteves, 2008. "Between Imperialism and Capitalism. European Capital Exports Before 1914," Working Papers 8022, Economic History Society.
    23. Shaikh Muhammad Saleem, 2017. "Does International Financial Integration Spur Economic Growth? Evidence from Pakistan," Journal of Management Sciences, Geist Science, Iqra University, Faculty of Business Administration, vol. 4(1), pages 116-130, March.

  65. Moritz Schularick & Niall Ferguson, 2005. "“The Thin Film Of Gold”: The Limits Of Monetary Commitments," Macroeconomics 0509009, University Library of Munich, Germany.

    Cited by:

    1. Kris James Mitchener & Masato Shizume & Marc D. Weidenmier, 2008. "Why did Countries Adopt the Gold Standard? Lessons from Japan," Discussion Paper Series 228, Research Institute for Economics & Business Administration, Kobe University.
    2. Kris James Mitchener & Marc D. Weidenmier, 2009. "Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard," NBER Working Papers 15401, National Bureau of Economic Research, Inc.
    3. Elias Papaioannou & Richard Portes, 2008. "The international role of the euro: a status report," European Economy - Economic Papers 2008 - 2015 317, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.

  66. Moritz Schularick, 2005. "A Tale Of Two “Globalizations”: Capital Flows From Rich To Poor In Two Eras Of Global Finance," Economic History 0509001, University Library of Munich, Germany.

    Cited by:

    1. Mika Nieminen, 2017. "Patterns of international capital flows and their implications for developing countries," WIDER Working Paper Series wp-2017-171, World Institute for Development Economic Research (UNU-WIDER).
    2. Michael D. Bordo & Christopher M. Meissner, 2007. "Foreign Capital and Economic Growth in the First Era of Globalization," NBER Working Papers 13577, National Bureau of Economic Research, Inc.
    3. Ahmed Abdullahi D., 2011. "International Financial Integration, Investment and Economic Performance in Sub-Saharan African Countries," Global Economy Journal, De Gruyter, vol. 11(4), pages 1-28, December.
    4. Moritz Schularick & Thomas M. Steger, 2006. "Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization," CER-ETH Economics working paper series 06/46, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    5. Keskinsoy, Bilal, 2017. "Taxi, Takeoff and Landing: Behavioural Patterns of Capital Flows to Emerging Markets," MPRA Paper 78129, University Library of Munich, Germany.
    6. Herrmann, Sabine & Winkler, Adalbert, 2009. "Real convergence, financial markets, and the current account - Emerging Europe versus emerging Asia," The North American Journal of Economics and Finance, Elsevier, vol. 20(2), pages 100-123, August.
    7. Ms. Corinne C Delechat & Mr. John Wakeman-Linn & Ms. Smita Wagh & Mr. Gustavo Ramirez, 2009. "Sub-Saharan Africa's Integration in the Global Financial Markets," IMF Working Papers 2009/114, International Monetary Fund.
    8. Jiancai Pi & Kaiqi Zhang & Xiangyu Huang, 2023. "Financial globalization and wage inequality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 70(2), pages 144-157, May.
    9. Jean-Baptiste Gossé, 2008. "Le cycle britannique des déséquilibres financiers internationaux (XVIe siècle - 1944)," Working Papers halshs-00377453, HAL.
    10. António Afonso & José Alves & Krzysztof Beck & Karen Jackson, 2022. "Financial, Institutional and Macroeconomic Determinants of Cross-Country Portfolio Equity Flows," Working Papers REM 2022/0235, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    11. Mr. Atish R. Ghosh & Mahvash S Qureshi, 2016. "What’s In a Name? That Which We Call Capital Controls," IMF Working Papers 2016/025, International Monetary Fund.
    12. Moritz Schularick & Thomas M Steger, 2010. "Financial Integration, Investment, and Economic Growth: Evidence from Two Eras of Financial Globalization," The Review of Economics and Statistics, MIT Press, vol. 92(4), pages 756-768, November.
    13. Niall Ferguson & Moritz Schularick, 2005. "The Empire Effect: Country Risk in the First Age of Globalization, 1880-1913," Economic History 0509002, University Library of Munich, Germany.
    14. NI PUTU WIWIN SETYARI & Tri WIDODO & M. EDHIE PURNAWAN, 2016. "Labour Force Effects To Current Account Movement Of Asean + 6 Countries," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 18, pages 183-209, December.
    15. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    16. Sophie Nivoix & Dominique Pepin, 2009. "Intérêts et limites de la globalisation comme processus créateur d'investissement," Post-Print hal-00963658, HAL.
    17. Madiha Bashir & Attiya Yasmin Javid, 2014. "Financial Flows, External Capital Structure, Institutions and Economic Growth in Asian Developing Economies," PIDE-Working Papers 2014:108, Pakistan Institute of Development Economics.
    18. Schularick, Moritz & Steger, Thomas M., 2008. "The Lucas Paradox and the quality of institutions: then and now," Discussion Papers 2008/3, Free University Berlin, School of Business & Economics.
    19. Aderbal Oliveira Damasceno, 2008. "Porque os Capitais Não Fluem dos Países Desenvolvidos Para os Países em Desenvolvimento? Teoria e Evidências Empíricas," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211416460, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    20. Afonso, António & Alves, José & Beck, Krzysztof & Jackson, Karen, 2024. "Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries," Economic Modelling, Elsevier, vol. 141(C).
    21. Geert Bekaert & Arnaud Mehl, 2017. "On the Global Financial Market Integration “Swoosh” and the Trilemma," NBER Working Papers 23124, National Bureau of Economic Research, Inc.
    22. Hans J. Blommestein & Javier Santiso, 2007. "New Strategies for Emerging Domestic Sovereign Bond Markets," OECD Development Centre Working Papers 260, OECD Publishing.
    23. Abel Gwaindepi, 2022. "Fiscal capacity in ‘‘responsible government’’ colonies: the Cape Colony in comparative perspective, c. 1865–1910 [The spread of empire: Clio and the measurement of colonial borrowing costs]," European Review of Economic History, European Historical Economics Society, vol. 26(3), pages 340-369.
    24. Le, Thai-Ha & Tran-Nam, Binh, 2018. "Relative costs and FDI: Why did Vietnam forge so far ahead?," Economic Analysis and Policy, Elsevier, vol. 59(C), pages 1-13.
    25. Schularick, Moritz & Wachtel, Paul, 2012. "The making of America's imbalances," Discussion Papers 2012/16, Free University Berlin, School of Business & Economics.
    26. Avdjiev, Stefan & Binder, Stephan & Sousa, Ricardo, 2021. "External debt composition and domestic credit cycles," Journal of International Money and Finance, Elsevier, vol. 115(C).

  67. Niall Ferguson & Moritz Schularick, 2005. "The Empire Effect: Country Risk in the First Age of Globalization, 1880-1913," Economic History 0509002, University Library of Munich, Germany.

    Cited by:

    1. Marc Flandreau, 2005. "Home Biases, 19th Century Style," Working Papers hal-01065614, HAL.

  68. Niall Ferguson & Moritz Schularick, 2004. "The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880-1913," Working Papers 04-03, New York University, Leonard N. Stern School of Business, Department of Economics.

    Cited by:

    1. Niall Ferguson, 2008. "Earning from History? Financial Markets and the Approach of World Wars," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(1 (Spring), pages 431-490.
    2. Chowdhury, Reza H. & Maung, Min, 2018. "Historical ties between nations: How do they matter in cross-border mergers and acquisitions?," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 30-48.
    3. Michael D. Bordo & Christopher M. Meissner, 2007. "Foreign Capital and Economic Growth in the First Era of Globalization," NBER Working Papers 13577, National Bureau of Economic Research, Inc.
    4. Mitchener, Kris James & Pina, Gonçalo, 2020. "Pegxit pressure," Journal of International Money and Finance, Elsevier, vol. 107(C).
    5. Mark Casson, 2011. "Entrepreneurial failure and economic crisis: an historical perspective," Working Papers 11015, Economic History Society.
    6. Kim Oosterlinck, 2013. "Sovereign Debt Defaults: Insights from History," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 29(4), pages 697-714.
    7. Moritz Schularick & Thomas M. Steger, 2006. "Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization," CER-ETH Economics working paper series 06/46, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    8. Meyer, Josefin & Reinhart, Carmen & Trebesch, Christoph, 2022. "Sovereign Bonds since Waterloo," CEPR Discussion Papers 13514, Centre for Economic Policy Research.
    9. Tania El Kallab & Cristina Terra, 2018. "French Colonial Trade Patterns and European Settlements," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(3), pages 291-331, September.
    10. Barry Eichengreen, 2008. "Sui Generis EMU," European Economy - Economic Papers 2008 - 2015 303, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    11. Kozlova, Olesia & de Jesus Noguera, Jose, 2018. "Achievers or slackers? Per capita income trends in European countries," Journal of Policy Modeling, Elsevier, vol. 40(6), pages 1332-1345.
    12. Flandreau, Marc & Zumer, Frederic & Accominotti, Olivier & Rezzik, Riad, 2008. "Black Man?s Burden: Measured Philanthropy in the British Empire, 1880-1913," CEPR Discussion Papers 6811, Centre for Economic Policy Research.
    13. Kris James Mitchener & Masato Shizume & Marc D. Weidenmier, 2008. "Why did Countries Adopt the Gold Standard? Lessons from Japan," Discussion Paper Series 228, Research Institute for Economics & Business Administration, Kobe University.
    14. Michael Tomz & Mark L. J. Wright, 2013. "Empirical Research on Sovereign Debt and Default," CAMA Working Papers 2013-16, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    15. Kris James Mitchener & Marc D. Weidenmier, 2009. "Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard," NBER Working Papers 15401, National Bureau of Economic Research, Inc.
    16. Alan Dye & Sumner La Croix, 2012. "The Political Economy of Land Privatization in Argentina and Australia, 1810-1850," Working Papers 201207, University of Hawaii at Manoa, Department of Economics.
    17. Abel Gwaindepi & Johan Fourie, 2020. "Public Sector Growth in the British Cape Colony: Evidence From New Data on Expenditure and Foreign Debt, 1830‐1910," South African Journal of Economics, Economic Society of South Africa, vol. 88(3), pages 341-367, September.
    18. Kramer, Bert S. & Milionis, Petros, 2018. "Democratic Constraints and Adherence to the Classical Gold Standard," GGDC Research Memorandum GD-175, Groningen Growth and Development Centre, University of Groningen.
    19. Gareth Campbell & Áine Gallagher & Richard S.Grossman, 2025. "Remote Investing in Latin America, 1869-1929," Wesleyan Economics Working Papers 2025-010, Wesleyan University, Department of Economics.
    20. Gareth Campbell & Áine Gallagher & Richard S.Grossman, 2024. "Living La Vida Loca? Remote Investing in Latin America, 1869-1929," Wesleyan Economics Working Papers 2024-013, Wesleyan University, Department of Economics.
    21. Marczinek, Max & Maurer, Stephan Ernst & Rauch, Ferdinand, 2022. "Trade persistence and trader identity - evidence from the demise of the Hanseatic League," LSE Research Online Documents on Economics 117760, London School of Economics and Political Science, LSE Library.
    22. Mitchener, Kris & Pina, Gonçalo, 2016. "Pegxit Pressure: Evidence from the Classical Gold Standard," CEPR Discussion Papers 11640, Centre for Economic Policy Research.
    23. Christopher Coyne & Abigail Hall, 2014. "The empire strikes back: Adam Smith, John Stuart Mill, and the Robust Political Economy of empire," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(4), pages 359-385, December.
    24. Gerardo della Paolera & Alan M. Taylor, 2012. "Sovereign Debt in Latin America, 1820-1913," NBER Working Papers 18363, National Bureau of Economic Research, Inc.
    25. Michael D. Bordo & Harold James, 2013. "The European Crisis in the Context of the History of Previous Financial Crises," NBER Working Papers 19112, National Bureau of Economic Research, Inc.
    26. Xavier De Scheemaekere & Kim Oosterlinck & Ariane Szafarz, 2014. "Issues in Identifying Economic Crises: Insights from History," Working Papers CEB 14-014, ULB -- Universite Libre de Bruxelles.
    27. Weidenmier, Marc & Mitchener, Kris, 2015. "Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk," CEPR Discussion Papers 10388, Centre for Economic Policy Research.
    28. Gwaindepi, Abel, 2019. "Serving God and Mammon: The ‘Minerals-Railway Complex’ and its effects on colonial public finances in the British Cape Colony, 1810-1910," African Economic History Working Paper 44/2019, African Economic History Network.
    29. Vincent Bignon & Rui Esteves & Alfonso Herranz-Loncán, 2015. "Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913," Economic History Review, Economic History Society, vol. 68(4), pages 1277-1305, November.
    30. Alquist, Ron, 2010. "How important is liquidity risk for sovereign bond risk premia? Evidence from the London stock exchange," Journal of International Economics, Elsevier, vol. 82(2), pages 219-229, November.
    31. Matthieu Chavaz & Marc Flandreau, 2015. "‘High and dry’: the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880–1910)," Bank of England working papers 555, Bank of England.
    32. Elmas Yaldiz Hanedar & Avni Önder Hanedar & Ferdi Çelikay, 2017. "Effects of reforms and supervisory organizations: Evidence from the Ottoman Empire and the Istanbul bourse," Working Papers 0112, European Historical Economics Society (EHES).
    33. Alquist, Ron & Chabot, Benjamin, 2011. "Did gold-standard adherence reduce sovereign capital costs?," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 262-272.
    34. Masaki Nakabayashi, 2014. "Special Issue: Issues in Asia. Guest Editor: Laixun Zhao," Review of Development Economics, Wiley Blackwell, vol. 18(2), pages 254-271, May.
    35. Huseyin Al, 2012. "Was There A Guarantee Effect For The Ottoman Loans In The Nineteenth Century?," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 52(2), pages 191-208, July.
    36. Moritz Schularick & Thomas M Steger, 2010. "Financial Integration, Investment, and Economic Growth: Evidence from Two Eras of Financial Globalization," The Review of Economics and Statistics, MIT Press, vol. 92(4), pages 756-768, November.
    37. Gardner, Leigh, 2022. "The collapse of the gold standard in Africa: money and colonialism in the interwar period," LSE Research Online Documents on Economics 116665, London School of Economics and Political Science, LSE Library.
    38. Andreea-Alexandra Maerean & Maja Pedersen & Paul Sharp, 2021. "Sovereign Debt and Supersanctions in Emerging Markets: Evidence from Four Southeast European Countries, 1878-1913," Working Papers 0216, European Historical Economics Society (EHES).
    39. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    40. Mitchener, Kris James & Weidenmier, Marc D., 2010. "Supersanctions and sovereign debt repayment," Journal of International Money and Finance, Elsevier, vol. 29(1), pages 19-36, February.
    41. Adam Tooze & Martin Ivanov, 2011. "Disciplining the ‘black sheep of the Balkans’: financial supervision and sovereignty in Bulgaria, 1902–38," Economic History Review, Economic History Society, vol. 64(1), pages 30-51, February.
    42. David Greasley & Les Oxley, 2009. "The pastoral boom, the rural land market, and long swings in New Zealand economic growth, 1873–19391," Economic History Review, Economic History Society, vol. 62(2), pages 324-349, May.
    43. Schularick, Moritz & Steger, Thomas M., 2008. "The Lucas Paradox and the quality of institutions: then and now," Discussion Papers 2008/3, Free University Berlin, School of Business & Economics.
    44. Mr. Aleksandar Zaklan & Mr. Paolo Mauro & Martín Minnoni & Mr. Andre Faria, 2006. "The External Financing of Emerging Market Countries: Evidence from Two Waves of Financial Globalization," IMF Working Papers 2006/205, International Monetary Fund.
    45. Tunçer, Ali Coşkun & Weller, Leonardo, 2022. "Democracy, autocracy, and sovereign debt: How polity influenced country risk on the peripheries of the global economy, 1870–1913," Explorations in Economic History, Elsevier, vol. 85(C).
    46. Kim Oosterlinck & Loredana Ureche-Rangau & Jacques-Marie Vaslin, 2013. "Waterloo: a Godsend for French Public Finances?," Working Papers CEB 13-028, ULB -- Universite Libre de Bruxelles.
    47. Flandreau, Marc & Chavaz, Matthieu, 2016. "“High & Dry†: The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)," CEPR Discussion Papers 11679, Centre for Economic Policy Research.
    48. Michael Bordo & Robert N McCauley, 2017. "Triffin: dilemma or myth?," BIS Working Papers 684, Bank for International Settlements.
    49. Kris James Mitchener & Marc Weidenmier, 2008. "Trade and Empire," Economic Journal, Royal Economic Society, vol. 118(533), pages 1805-1834, November.
    50. Krystian Bua & Giovanni Dosi & Maria Enrica Virgillito, 2025. "The finance-growth nexus over the long-run," LEM Papers Series 2025/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    51. Flandreau, Marc & Oosterlinck, Kim, 2012. "Was the emergence of the international gold standard expected? Evidence from Indian Government securities," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 649-669.
    52. Brian D. Varian, 2017. "British Capital and Merchandise Exports, 1870–1913: The Bilateral Case of New Zealand," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(2), pages 239-262, July.
    53. Prasanna Gai & Gavin Cameron & Kang Yong Tan, 2009. "Sovereign Risk in the Classical Gold Standard Era," The Economic Record, The Economic Society of Australia, vol. 85(271), pages 401-416, December.
    54. Guillaume Daudin & Matthias Morys & Kevin H. O’Rourke, 2008. "Europe and Globalization, 1870-1914," Documents de Travail de l'OFCE 2008-17, Observatoire Francais des Conjonctures Economiques (OFCE).
    55. Esteves, Rui & Jalles, Joao Tovar, 2013. "Like Father like Sons? The Cost of Sovereign Defaults In Reduced Credit to the Private Sector," CEPR Discussion Papers 9303, Centre for Economic Policy Research.
    56. NAKABAYASHI, Masaki, 2008. "Imposed Efficiency of Treaty Port: Japanese Industrialization and Western Imperialist Institutions," ISS Discussion Paper Series (series F) f142, Institute of Social Science, The University of Tokyo, revised 15 Jun 2012.
    57. Alquist, Ron & Chabot, Benjamin R. & Yamarthy, Ram, 2022. "The price of property rights: Institutions, finance, and economic growth," Journal of International Economics, Elsevier, vol. 137(C).
    58. Grossman, Richard S. & Imai, Masami, 2009. "Japan's return to gold: Turning points in the value of the yen during the 1920s," Explorations in Economic History, Elsevier, vol. 46(3), pages 314-323, July.
    59. McLaughlin, Eoin & Foley-Fisher, Nathan, 2013. "Irish Land Bonds: 1891-1938," SIRE Discussion Papers 2013-109, Scottish Institute for Research in Economics (SIRE).
    60. Edwyna Harris & Sumner La Croix, 2018. "Did Speculation in Land Pay Off for British Investors? Buying and Selecting Land in South Australia, 1835-1850," CEH Discussion Papers 09, Centre for Economic History, Research School of Economics, Australian National University.
    61. Nicolas Degive & Kim Oosterlinck, 2019. "Independence and the Effect of Empire The Case of “Sovereign Debts” issued by British Colonies," Working Papers CEB 19-018, ULB -- Universite Libre de Bruxelles.
    62. Papadia, Andrea, 2017. "Sovereign defaults during the Great Depression: the role of fiscal fragility," Economic History Working Papers 68943, London School of Economics and Political Science, Department of Economic History.
    63. Michael D. Bordo & Christopher M. Meissner, 2007. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," NBER Chapters, in: The Decline of Latin American Economies: Growth, Institutions, and Crises, pages 139-194, National Bureau of Economic Research, Inc.
    64. Pittaluga, Giovanni B. & Seghezza, Elena, 2016. "How Japan remained on the Gold Standard despite unsustainable external debt," Explorations in Economic History, Elsevier, vol. 59(C), pages 40-54.
    65. Moritz Schularick, 2005. "A Tale Of Two “Globalizations”: Capital Flows From Rich To Poor In Two Eras Of Global Finance," Economic History 0509001, University Library of Munich, Germany.
    66. Gardner, Leigh & Husain, Tehreem, 2025. "Sinews of empire? The Crown Agents for the Colonies and African government debt under colonial rule," LSE Research Online Documents on Economics 127544, London School of Economics and Political Science, LSE Library.
    67. Hauner, Thomas & Milanovic, Branko & Naidu, Suresh, 2017. "Inequality, Foreign Investment, and Imperialism," MPRA Paper 83068, University Library of Munich, Germany.
    68. Osuji, Juliet & Torres de Oliveira, Rui & Tupper, Christina, 2024. "Escaping the stigma of firm operations in emerging markets: Are you willing to pay the price?," Journal of Business Research, Elsevier, vol. 180(C).
    69. Gerard Russo & Jaclyn R.K. Lindo & Sang-Hyop Lee & Rui Wang & Thamana Lekprichakul & Abdul Jabbar, 2012. "The Impact of State Children’s Health Insurance Program (SCHIP) Expansion on Health Insurance Coverage in Hawaii," Working Papers 201208, University of Hawaii at Manoa, Department of Economics.
    70. Dan Li & Hao Tang & Yajie Wang, 2025. "The onset of the British Imperial retreat from China: Evidence from the Chinese sovereign bond market in London," Asia-Pacific Economic History Review, John Wiley & Sons, vol. 65(2), pages 215-248, July.
    71. Kris James Mitchener & Marc D. Weidenmier, 2005. "Supersanctions and Sovereign Debt Repayment," NBER Working Papers 11472, National Bureau of Economic Research, Inc.
    72. Niall Ferguson & Moritz Schularick, 2007. "‘Chimerica’ and the Global Asset Market Boom," International Finance, Wiley Blackwell, vol. 10(3), pages 215-239, December.
    73. Michael Bordo & Harold James, 2015. "Capital Flows and Domestic and International Order: Trilemmas from Macroeconomics to Political Economy and International Relations," NBER Working Papers 21017, National Bureau of Economic Research, Inc.
    74. Sabaté, Marcela & Fillat, Carmen & Escario, Regina, 2019. "Budget deficits and money creation: Exploring their relation before Bretton Woods," Explorations in Economic History, Elsevier, vol. 72(C), pages 38-56.
    75. Alan Martina, 2007. "A Class of Poverty Traps: A Theory and Empirical Tests," ANU Working Papers in Economics and Econometrics 2007-482, Australian National University, College of Business and Economics, School of Economics.
    76. Jeffrey G. Williamson, 2007. "Global Capital Markets in the Long Run: A Review of Maurice Obstfeld and Alan Taylor's Global Capital Markets," Journal of Economic Literature, American Economic Association, vol. 45(2), pages 400-409, June.
    77. Hoffmann, Andreas, 2016. "The collateral effects of political integration on credit growth in the new member states of the EU," Economic Systems, Elsevier, vol. 40(4), pages 658-669.
    78. Rui Pedro Esteves, 2008. "Between Imperialism and Capitalism. European Capital Exports Before 1914," Working Papers 8022, Economic History Society.

Articles

  1. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M Taylor, 2022. "Zombies at Large? Corporate Debt Overhang and the Macroeconomy," The Review of Financial Studies, Society for Financial Studies, vol. 35(10), pages 4561-4586.
    See citations under working paper version above.
  2. Ruediger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick, 2022. "Was wäre, wenn…? Die wirtschaftlichen Auswirkungen eines Importstopps russischer Energie auf Deutschland," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 75(Sonderaus), pages 06-14, April.

    Cited by:

    1. Berger, Eva M. & Bialek, Sylwia & Garnadt, Niklas & Grimm, Veronika & Other, Lars & Salzmann, Leonard & Schnitzer, Monika & Truger, Achim & Wieland, Volker, 2022. "A potential sudden stop of energy imports from Russia: Effects on energy security and economic output in Germany and the EU," IMFS Working Paper Series 166, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    2. Koenen, Michelle & Kunath, Gero & Obst, Thomas, 2022. "Europa an der Schwelle zur Rezession? Wirtschaftliche Auswirkungen der Corona-Pandemie und des Ukraine-Kriegs," IW-Reports 40/2022, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    3. Kamin Katrin & Langhammer Rolf J., 2025. "Die geoökonomischen Herausforderungen der deutschen Wirtschaft meistern," Wirtschaftsdienst, Sciendo, vol. 105(1), pages 48-53.
    4. Dirks, Maximilian W., 2025. "When two quarrel, the third rejoices: Windfall FDI and the early winners of the Russian-Ukrainian war," Ruhr Economic Papers 1161, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

  3. Moritz Schularick & Lucas ter Steege & Felix Ward, 2021. "Leaning against the Wind and Crisis Risk," American Economic Review: Insights, American Economic Association, vol. 3(2), pages 199-214, June.
    See citations under working paper version above.
  4. Benjamin Born & Gernot J. Müller & Moritz Schularick & Petr Sedláček, 2021. "The macroeconomic impact of Trump," Policy Studies, Taylor & Francis Journals, vol. 42(5-6), pages 580-591, November.
    See citations under working paper version above.
  5. Òscar Jordà & Björn Richter & Moritz Schularick & Alan M Taylor, 2021. "Bank Capital Redux: Solvency, Liquidity, and Crisis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(1), pages 260-286.
    See citations under working paper version above.
  6. Björn Richter & Moritz Schularick & Paul Wachtel, 2021. "When to Lean against the Wind," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 5-39, February.
    See citations under working paper version above.
  7. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    See citations under working paper version above.
  8. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick, 2020. "The College Wealth Divide: Education and Inequality in America, 1956-2016," Review, Federal Reserve Bank of St. Louis, vol. 102(1), pages 19-49.
    See citations under working paper version above.
  9. Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "Income and Wealth Inequality in America, 1949–2016," Journal of Political Economy, University of Chicago Press, vol. 128(9), pages 3469-3519.
    See citations under working paper version above.
  10. Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2019. "Global Financial Cycles and Risk Premiums," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(1), pages 109-150, March.
    See citations under working paper version above.
  11. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M Taylor, 2019. "The Rate of Return on Everything, 1870–2015," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(3), pages 1225-1298.
    See citations under working paper version above.
  12. Richter, Björn & Schularick, Moritz & Shim, Ilhyock, 2019. "The costs of macroprudential policy," Journal of International Economics, Elsevier, vol. 118(C), pages 263-282.
    See citations under working paper version above.
  13. Benjamin Born & Gernot J Müller & Moritz Schularick & Petr Sedláček, 2019. "The Costs of Economic Nationalism: Evidence from the Brexit Experiment," The Economic Journal, Royal Economic Society, vol. 129(623), pages 2722-2744.
    See citations under working paper version above.
  14. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2017. "Macrofinancial History and the New Business Cycle Facts," NBER Macroeconomics Annual, University of Chicago Press, vol. 31(1), pages 213-263.
    See citations under working paper version above.
  15. Katharina Knoll & Moritz Schularick & Thomas Steger, 2017. "No Price Like Home: Global House Prices, 1870-2012," American Economic Review, American Economic Association, vol. 107(2), pages 331-353, February.
    See citations under working paper version above.
  16. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "The great mortgaging: housing finance, crises and business cycles," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 31(85), pages 107-152.
    See citations under working paper version above.
  17. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Sovereigns Versus Banks: Credit, Crises, And Consequences," Journal of the European Economic Association, European Economic Association, vol. 14(1), pages 45-79, February.
    See citations under working paper version above.
  18. Funke, Manuel & Schularick, Moritz & Trebesch, Christoph, 2016. "Going to extremes: Politics after financial crises, 1870–2014," European Economic Review, Elsevier, vol. 88(C), pages 227-260.
    See citations under working paper version above.
  19. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Bubbles, Credit, and Their Consequences," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Caspi, Itamar & Graham, Meital, 2018. "Testing for bubbles in stock markets with irregular dividend distribution," Finance Research Letters, Elsevier, vol. 26(C), pages 89-94.

  20. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Leveraged bubbles," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 1-20.
    See citations under working paper version above.
  21. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Interest rates and house prices: pill or poison?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Mary C. Daly, 2020. "2020 Lessons, 2021 Priorities," Speech 93099, Federal Reserve Bank of San Francisco.

  22. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Betting the house," Journal of International Economics, Elsevier, vol. 96(S1), pages 2-18.
    See citations under working paper version above.
  23. Moritz Schularick, 2014. "Public and Private Debt: The Historical Record (1870–2010)," German Economic Review, Verein für Socialpolitik, vol. 15(1), pages 191-207, February.

    Cited by:

    1. Braganza, Oliver, 2022. "Market paternalism: Do people really want to be nudged towards consumption?," ifso working paper series 23, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    2. İbrahim Özmen, 2025. "Which debt belongs to the state and which debt belongs to the market? Comparative new evidence several capitalist regimes," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-34, December.

  24. Moritz Schularick & Paul Wachtel, 2014. "Editor's Choice The Making of America’s Imbalances," CESifo Economic Studies, CESifo Group, vol. 60(1), pages 62-88.

    Cited by:

    1. Liu, Shengli & Liang, Yongtu, 2021. "Statistics of catastrophic hazardous liquid pipeline accidents," Reliability Engineering and System Safety, Elsevier, vol. 208(C).
    2. Giorgio Nuzzo & Stefano Piermattei, 2020. "Discussing Measures of Financial Inclusion for the Main Euro Area Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(3), pages 765-786, April.
    3. Massimo Coletta & Riccardo De Bonis & Stefano Piermattei, 2019. "Household Debt in OECD Countries: The Role of Supply-Side and Demand-Side Factors," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(3), pages 1185-1217, June.

  25. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Private credit and public debt in financial crises," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Furceri, Davide & Kilic Celik, Sinem & Jalles, João Tovar & Koloskova, Ksenia, 2021. "Recessions and total factor productivity: Evidence from sectoral data," Economic Modelling, Elsevier, vol. 94(C), pages 130-138.
    2. Batini, Nicoletta & Melina, Giovanni & Villa, Stefania, 2019. "Fiscal buffers, private debt, and recession: The good, the bad and the ugly," Journal of Macroeconomics, Elsevier, vol. 62(C).
    3. Mattia Osvaldo Picarelli & Willem Vanlaer & Wim Marneffe, 2019. "Does Public Debt Produce a Crowding Out Effect for Public Investment in the EU?," Working Papers 36, European Stability Mechanism.
    4. Yuan, Gecheng & Fang, Jie & Sun, Yongping, 2024. "The impact of Fintech on the nexus between household debt and financial crises: A global perspective," Economic Modelling, Elsevier, vol. 130(C).
    5. Maria Malmierca-Ordoqui & Luis A. Gil-Alana & Lorenzo Bermejo, 2024. "Private and public debt convergence: a fractional cointegration approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(1), pages 161-183, February.
    6. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2017. "The Janus-faced nature of debt : results form a data driven cointegrated SVAR approach," Working Papers hal-03457555, HAL.
    7. Yi, Xingjian & Liu, Sheng & Wu, Zhouheng, 2022. "What drives credit expansion worldwide?——An empirical investigation with long-term cross-country panel data," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 225-242.
    8. Issaoui, Ibtissem, 2022. "Central Bank Balance Sheet Policies and Crowding-Out Effect: Evidence from Lower-Middle Income Economies," MPRA Paper 127471, University Library of Munich, Germany.
    9. Nicoletta Batini & Mr. Giovanni Melina & Stefania Villa, 2016. "Fiscal Buffers, Private Debt, and Stagnation: The Good, the Bad and the Ugly," IMF Working Papers 2016/104, International Monetary Fund.
    10. Larissa Batrancea, 2020. "The Influence of Public Debt on Performance: Lesson from Romanian Counties," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 809-814, December.
    11. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2017. "The Janus-faced nature of debt : result from a data-driven cointegrated SVAR approach," Documents de Travail de l'OFCE 2017-02, Observatoire Francais des Conjonctures Economiques (OFCE).
    12. Okombi, Idrys Fransmel & Mampieme, Vaccili Belneche, 2024. "Cyclicality of public debt in developing countries: Does dependence on natural resources matter?," Resources Policy, Elsevier, vol. 96(C).
    13. İbrahim Özmen, 2025. "Which debt belongs to the state and which debt belongs to the market? Comparative new evidence several capitalist regimes," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-34, December.

  26. √Íscar Jord√Ä & Moritz Schularick & Alan M. Taylor, 2013. "When Credit Bites Back," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(s2), pages 3-28, December.
    See citations under working paper version above.
  27. Marcus Kappler & Helmut Reisen & Moritz Schularick & Edouard Turkisch, 2013. "The Macroeconomic Effects of Large Exchange Rate Appreciations," Open Economies Review, Springer, vol. 24(3), pages 471-494, July.
    See citations under working paper version above.
  28. Niall Ferguson & Moritz Schularick, 2012. "The 'Thin film of gold': monetary rules and policy credibility," European Review of Economic History, European Historical Economics Society, vol. 16(4), pages 384-407, November.

    Cited by:

    1. Weidenmier, Marc & Mitchener, Kris, 2015. "Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk," CEPR Discussion Papers 10388, Centre for Economic Policy Research.
    2. Ulrich Gunter & Egon Smeral, 2016. "The decline of tourism income elasticities in a global context," Tourism Economics, , vol. 22(3), pages 466-483, June.
    3. Tunçer, Ali Coşkun & Weller, Leonardo, 2022. "Democracy, autocracy, and sovereign debt: How polity influenced country risk on the peripheries of the global economy, 1870–1913," Explorations in Economic History, Elsevier, vol. 85(C).
    4. Baffigi, Alberto & Bontempi, Maria Elena & Felice, Emanuele & Golinelli, Roberto, 2015. "The changing relationship between inflation and the economic cycle in Italy: 1861–2012," Explorations in Economic History, Elsevier, vol. 56(C), pages 53-70.
    5. Kramer, Bert S. & Milionis, Petros, 2022. "Democratic constraints and adherence to the classical gold standard," Explorations in Economic History, Elsevier, vol. 84(C).

  29. Moritz Schularick & Alan M. Taylor, 2012. "Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008," American Economic Review, American Economic Association, vol. 102(2), pages 1029-1061, April.
    See citations under working paper version above.
  30. Moritz Schularick & Solomos Solomou, 2011. "Tariffs and economic growth in the first era of globalization," Journal of Economic Growth, Springer, vol. 16(1), pages 33-70, March.

    Cited by:

    1. Léo CHARLES, 2017. "A new empirical test of the infant-industry argument : the case of Switzerland protectionism during the 19th century," Cahiers du GREThA (2007-2019) 2017-11, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    2. Léo CHARLES, 2015. "Evolution of trade patterns and economic performance:the case of France and Switzerland during the nineteenth century," Cahiers du GREThA (2007-2019) 2015-28, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    3. Bajo-Rubio, Oscar & Ramos-Herrera, María del Carmen, 2024. "Does international trade promote economic growth? Europe, 19th and 20th centuries," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 561-575.
    4. Crafts, Nicholas, 2020. "British Relative Economic Decline in the Aftermath of German Unification," CAGE Online Working Paper Series 501, Competitive Advantage in the Global Economy (CAGE).
    5. Niklas Potrafke & Fabian Ruthardt & Kaspar Wüthrich, 2020. "Protectionism and Economic Growth: Causal Evidence from the First Era of Globalization," CESifo Working Paper Series 8759, CESifo.
    6. Cagé, Julia & Gadenne, Lucie, 2018. "Tax revenues and the fiscal cost of trade liberalization, 1792–2006," Explorations in Economic History, Elsevier, vol. 70(C), pages 1-24.
    7. Kim, Dong-Hyeon & Lin, Shu-Chin & Suen, Yu-Bo, 2016. "Trade, growth and growth volatility: New panel evidence," International Review of Economics & Finance, Elsevier, vol. 45(C), pages 384-399.
    8. Esther Acquah & Lorenzo Carbonari & Alessio Farcomeni & Giovanni Trovato, 2023. "Institutions and economic development: new measurements and evidence," Empirical Economics, Springer, vol. 65(4), pages 1693-1728, October.
    9. Joost Veenstra & Herman de Jong, 2015. "A Tale of Two Tails: Plant Size Variation and Comparative Labor Productivity in U.S. and German Manufacturing in the Early 20th Century," CEH Discussion Papers 032, Centre for Economic History, Research School of Economics, Australian National University.
    10. Klasing, Mariko & Milionis, Petros, 2012. "Reassessing the Evolution of World Trade, 1870-1949," MPRA Paper 39555, University Library of Munich, Germany.
    11. Kris Inwood & Ian Keay, 2013. "Trade policy and industrial development: iron and steel in a small open economy, 1870−1913," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(4), pages 1265-1294, November.
    12. Pinar Deniz & Thanasis Stengos & M. Ege Yazgan, 2021. "Revisiting the link between output growth and volatility: panel GARCH analysis," Empirical Economics, Springer, vol. 61(2), pages 743-771, August.
    13. Wataru Johdo, 2025. "Agglomeration and non-agglomeration countries and the growth effects of protectionist trade policies," International Economics and Economic Policy, Springer, vol. 22(1), pages 1-15, February.
    14. Kym Anderson & Markus Bruckner, 2012. "Distortions to Agriculture and Economic Growth in Sub-Saharan Africa," Departmental Working Papers 2012-06, The Australian National University, Arndt-Corden Department of Economics.
    15. Brian D. Varian, 2022. "Revisiting the tariff‐growth correlation: The Australasian colonies, 1866–1900," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 62(1), pages 47-65, March.
    16. Giovanni Federico & Paul Sharp & Antonio Tena-Junguito, 2017. "Openness and growth in a historical perspective: a VECM approach," Working Papers 0118, European Historical Economics Society (EHES).
    17. Stéphane BECUWE & Bertrand BLANCHETON, 2011. "Tariff growth paradox between 1850 and 1913: a critical survey (In French)," Cahiers du GREThA (2007-2019) 2011-24, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    18. Stéphane BECUWE & Bertrand BLANCHETON, 2012. "The dispersion of customs tariffs in France between 1850 and 1913: discrimination in trade policy," Cahiers du GREThA (2007-2019) 2012-13, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    19. Tena Junguito, Antonio & Lampe, Markus & Tâmega, Felipe, 2012. "How much trade liberalization was there in the world before and after Cobden-Chevalier?," IFCS - Working Papers in Economic History.WH wp12-02, Universidad Carlos III de Madrid. Instituto Figuerola.
    20. Bent, Peter H., 2020. "Recovery from financial crises in peripheral economies, 1870–1913," Explorations in Economic History, Elsevier, vol. 78(C).
    21. Breuer, Janice Boucher & McDermott, John, 2013. "Economic depression in the world," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 227-242.
    22. Mariko Klasing & Petros Milionis & Robert Zymek, 2015. "Gravity across Space and Time," Edinburgh School of Economics Discussion Paper Series 265, Edinburgh School of Economics, University of Edinburgh.
    23. Nuno Limão & Giovanni Maggi, 2015. "Uncertainty and Trade Agreements," American Economic Journal: Microeconomics, American Economic Association, vol. 7(4), pages 1-42, November.
    24. Kym Anderson & Markus Bruckner, 2011. "Price Distortions and Economic Growth in Sub-Saharan Africa," Adelaide Economics Working Papers 2011-32, Adelaide University, School of Economics.
    25. Cagé, Julia & Gadenne, Lucie, 2017. "Tax Revenues, Development, and the Fiscal Cost of Trade Liberalization, 1792-2006," CEPR Discussion Papers 12469, Centre for Economic Policy Research.
    26. Sturn, Simon & Epstein, Gerald, 2021. "How much should we trust five-year averaging to purge business cycle effects? A reassessment of the finance-growth and capital accumulation-unemployment nexus," Economic Modelling, Elsevier, vol. 96(C), pages 242-256.
    27. Pierre L. Siklos, 2022. "Did the great influenza of 1918–1920 trigger a reversal of the first era of globalization?," International Economics and Economic Policy, Springer, vol. 19(3), pages 459-490, July.
    28. Stéphane BECUWE & Bertrand BLANCHETON & Léo CHARLES, 2012. "The decline of French trade power during the first globalization (1850-1913)," Cahiers du GREThA (2007-2019) 2012-22, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

  31. Niall Ferguson & Moritz Schularick, 2011. "The End of Chimerica," International Finance, Wiley Blackwell, vol. 14(1), pages 1-26, April.
    See citations under working paper version above.
  32. Òscar Jordà & Moritz Schularick & Alan M Taylor, 2011. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(2), pages 340-378, June.
    See citations under working paper version above.
  33. Schularick Moritz, 2011. "140 Years of Financial Crises: Old Dog, New Tricks," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 52(1), pages 45-67, May.

    Cited by:

    1. Schularick, Moritz, 2012. "Public debt and financial crises in the twentieth century," Discussion Papers 2012/1, Free University Berlin, School of Business & Economics.
    2. Hertrich, Markus, 2019. "A novel housing price misalignment indicator for Germany," Discussion Papers 31/2019, Deutsche Bundesbank.
    3. Victor Mendes & Andrea Amaral & Margarida Abreu, 2014. "The Spatial Probit Model – An Application to the Study of Banking Crises at the End of the 90’s," EcoMod2014 6623, EcoMod.
    4. Wixforth, Harald, 2018. "Bankiers in der Krise: Verletzen sie ihre Regeln und Normen?," IBF Paper Series 04-18, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    5. Thomas Grjebine & Urzula Szczerbowicz & Fabien Tripier, 2017. "Corporate Debt Structure and Economic Recoveries," Working papers 646, Banque de France.

  34. Schularick Moritz, 2010. "Touching the Brakes after the Crash: A Historical View of Reserve Accumulation and Financial Integration," Global Economy Journal, De Gruyter, vol. 9(4), pages 1-13, January.

    Cited by:

    1. Shrestha, Prakash Kumar, 2012. "Banking systems, central banks and international reserve accumulation in East Asian economies," Economics Discussion Papers 2012-48, Kiel Institute for the World Economy.

  35. Moritz Schularick & Thomas M Steger, 2010. "Financial Integration, Investment, and Economic Growth: Evidence from Two Eras of Financial Globalization," The Review of Economics and Statistics, MIT Press, vol. 92(4), pages 756-768, November.

    Cited by:

    1. Ahmed Abdullahi D., 2011. "International Financial Integration, Investment and Economic Performance in Sub-Saharan African Countries," Global Economy Journal, De Gruyter, vol. 11(4), pages 1-28, December.
    2. Raouf Boucekkine & Giorgio Fabbri & Patrick A. Pintus, 2018. "Short-run pain, long-run gain: the conditional welfare gains from international financial integration," Post-Print hal-02084239, HAL.
    3. Aluko, Olufemi Adewale & Opoku, Eric Evans Osei, 2022. "The financial development impact of financial globalization revisited: A focus on OECD countries," International Economics, Elsevier, vol. 169(C), pages 13-29.
    4. Kyriakos C. Neanidis, 2015. "Volatile Capital Flows and Economic Growth: The Role of Macro-prudential Regulation," Centre for Growth and Business Cycle Research Discussion Paper Series 215, Economics, The University of Manchester.
    5. Juan M. Londono & Nancy R. Xu, 2021. "The Global Determinants of International Equity Risk Premiums," International Finance Discussion Papers 1318, Board of Governors of the Federal Reserve System (U.S.).
    6. Donadelli, M. & Gufler, I. & Paradiso, A., 2024. "Financial market integration: A complex and controversial journey," International Review of Financial Analysis, Elsevier, vol. 92(C).
    7. Chris Muris, 2020. "Efficient GMM Estimation with Incomplete Data," The Review of Economics and Statistics, MIT Press, vol. 102(3), pages 518-530, July.
    8. Ahmed, Abdullahi D., 2013. "Effects of financial liberalization on financial market development and economic performance of the SSA region: An empirical assessment," Economic Modelling, Elsevier, vol. 30(C), pages 261-273.
    9. Hannes Böhm & Julia Schaumburg & Lena Tonzer, 2022. "Financial Linkages and Sectoral Business Cycle Synchronization: Evidence from Europe," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 698-734, December.
    10. Fatma Tasdemir, 2023. "Financial Globalization and Growth: The Impacts of Financial Development and Governance," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 9(1), pages 99-111, June.
    11. Lucke, Bernd, 2022. "Growth Effects of European Monetary Union: A Synthetic Control Approach," MPRA Paper 120662, University Library of Munich, Germany, revised 27 Mar 2024.
    12. Deniz Sevinç & Alp Polat & Tuba Sevil & Güven Sevil, 2023. "How Does Deglobalization Affect Economic Growth?," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 8(1), pages 1-19.
    13. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    14. Ahmad, Mahmood & Peng, Tao & Awan, Ashar & Ahmed, Zahoor, 2023. "Policy framework considering resource curse, renewable energy transition, and institutional issues: Fostering sustainable development and sustainable natural resource consumption practices," Resources Policy, Elsevier, vol. 86(PB).
    15. Masahiro Kawai & Peter J. Morgan, 2014. "Regional Financial Regulation in Asia," ADBI Working Papers 460, Asian Development Bank Institute.
    16. Esteves, Rui & Eichengreen, Barry, 2019. "The Trials of the Trilemma: International Finance 1870-2017," CEPR Discussion Papers 13465, Centre for Economic Policy Research.
    17. Morshed, Monzur, 2025. "The Role of Finance in Promoting Sustainable Economic Growth," OSF Preprints qgnzm_v1, Center for Open Science.
    18. Fang, Heyang & Zhang, Yifei, 2019. "Political Tensions and Corporate Cross-border Financing: Evidence from the China-U.S. Trade War," MPRA Paper 95494, University Library of Munich, Germany.
    19. Kym Anderson, 2012. "Costing Global Trade Barriers, 1900 to 2050," Departmental Working Papers 2012-08, The Australian National University, Arndt-Corden Department of Economics.
    20. Roberto Meurer, 2016. "Portfolio Investment Flows, GDP, and Investment in Brazil," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(12), pages 1-9, December.
    21. Robert R. Hewitt, 2014. "Globalization and Landscape Architecture," SAGE Open, , vol. 4(1), pages 21582440135, February.
    22. Ze, Fu & Yu, Wence & Ali, Anis & Hishan, Sanil S. & Muda, Iskandar & Khudoykulov, Khurshid, 2023. "Influence of natural resources, ICT, and financial globalization on economic growth: Evidence from G10 countries," Resources Policy, Elsevier, vol. 81(C).
    23. Keiichi Morimoto & Akihiko Noda & Takenobu Yuki, 2026. "Wartime Controls, Political Connections, and the Pricing of Zaibatsu Rents in Japan, 1930-1943," Papers 2605.21009, arXiv.org.
    24. Jetter, Michael & Laudage, Sabine & Stadelmann, David, 2016. "The Intimate Link between Income Levels and Life Expectancy: Global Evidence from 213 Years," IZA Discussion Papers 10015, IZA Network @ LISER.
    25. Mmolainyane, Kelesego K. & Ahmed, Abdullahi D., 2015. "The impact of financial integration in Botswana," Journal of Policy Modeling, Elsevier, vol. 37(5), pages 852-874.
    26. Hartmut Egger & Peter Egger & Josef Falkinger & Volker Grossmann, 2010. "The Impact of Capital Market Integration on Educational Choice and the Consequences for Economic Growth," The World Economy, Wiley Blackwell, vol. 33(10), pages 1241-1268, October.
    27. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    28. Hazwan Haini & Lutfi Abdul Razak & Pang Wei Loon & Sufrizul Husseini, 2023. "Re-examining the finance–institutions–growth nexus: does financial integration matter?," Economic Change and Restructuring, Springer, vol. 56(3), pages 1895-1924, June.
    29. Rangvid, Jesper & Santa-Clara, Pedro & Schmeling, Maik, 2016. "Capital market integration and consumption risk sharing over the long run," Journal of International Economics, Elsevier, vol. 103(C), pages 27-43.
    30. Eduardo Cavallo & Barry Eichengreen & Ugo Panizza, 2018. "Can countries rely on foreign saving for investment and economic development?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(2), pages 277-306, May.
    31. Hoffmann Andreas, 2013. "The Euro as a Proxy for the Classical Gold Standard? Government Debt Financing and Political Commitment in Historical Perspective," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 19(1), pages 41-61, November.
    32. Krystian Bua & Giovanni Dosi & Maria Enrica Virgillito, 2025. "The finance-growth nexus over the long-run," LEM Papers Series 2025/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    33. Nenubari Ikue John & Ifeanyichukwu Lucky Amabuike & Joseph Ade Ajaba & John Akin Sodipo & Linus Bamekpari Enegesi, 2020. "Financial system, trade concentration and economic growth in West African Monetary Zone (WAMZ)," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(4), pages 426-436, July.
    34. Chen, Sheng-Syan & Chen, Hsien-Yi & Chang, Chong-Chuo & Yang, Shu-Ling, 2013. "How do sovereign credit rating changes affect private investment?," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 4820-4833.
    35. Emmanuel Carré & Guillaume L’Œillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 271-290.
    36. Sajad Rahimian, 2021. "The Determinants of Democracy Revisited: An Instrumental Variable Bayesian Model Averaging Approach," Papers 2103.04255, arXiv.org.
    37. Andrea Incerpi & Barbara Pistoresi & Alberto Rinaldi, 2020. "Finance and Economic Development in Italy, 1870-1913," Department of Economics 0162, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    38. Guillaume Bazot & Eric Monnet & Matthias Morys, 2024. "Central banks and the absorption of international shocks (1891-2019)," PSE Working Papers halshs-04778323, HAL.
    39. Ehigiamusoe, Kizito Uyi & Hooi Hooi Lean, 2018. "Do economic and financial integration stimulate economic growth? A critical survey," Economics Discussion Papers 2018-51, Kiel Institute for the World Economy.
    40. Juan M. Londono & Nancy R. Xu, 2024. "The Global Determinants of International Equity Risk Premiums," Management Science, INFORMS, vol. 70(9), pages 6374-6394, September.
    41. Moritz Schularick & Solomos Solomou, 2011. "Tariffs and economic growth in the first era of globalization," Journal of Economic Growth, Springer, vol. 16(1), pages 33-70, March.
    42. Mehmed Ganić & Mahir Hrnjić, 2021. "How Does International Financial Integration Really Affect Post-Transition Countries' Growth? Empirical evidence from the CEE-10 countries," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(3), pages 117-136.
    43. Kikkawa, Ken & Sasahara, Akira, 2018. "Gains from Trade and the Sovereign Bond Market," MPRA Paper 90685, University Library of Munich, Germany.
    44. Christopher M. Meissner, 2013. "Capital Flows, Credit Booms, and Financial Crises in the Classical Gold Standard Era," NBER Working Papers 18814, National Bureau of Economic Research, Inc.
    45. Katharina Diekmann & Frank Westermann, 2010. "Financial Development and Sectoral Output Growth in 19th Century Germany," CESifo Working Paper Series 3283, CESifo.
    46. Leoš Vítek, 2012. "Changes in the taxation of personal and corporate income in developed countries," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(2), pages 465-474.
    47. Michael Jetter & Christopher F. Parmeter, 2016. "Uncovering the determinants of corruption," Working Papers 2016-02, University of Miami, Department of Economics.
    48. Kym Anderson, 2016. "Agricultural Trade, Policy Reforms, and Global Food Security," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-1-137-46925-0, April.
    49. Punzi, Maria Teresa, 2020. "The impact of uncertainty on the macro-financial linkage with international financial exposure," Journal of Economics and Business, Elsevier, vol. 110(C).
    50. Michael Jetter & Bei Li, 2017. "The Political Economy of Opposition Groups: Peace, Terrorism, or Civil Conflict," CESifo Working Paper Series 6747, CESifo.
    51. Anne Epaulard & Aude Pommeret, 2016. "Financial Integration, Growth and Volatility," Pacific Economic Review, Wiley Blackwell, vol. 21(3), pages 330-357, August.
    52. Jetter, Michael & Parmeter, Christopher F., 2018. "Sorting through global corruption determinants: Institutions and education matter – Not culture," World Development, Elsevier, vol. 109(C), pages 279-294.
    53. Barry Eichengreen, 2019. "Trade Policy and the Macroeconomy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(1), pages 4-23, March.
    54. Raouf Boucekkine & Giorgio Fabbri & Patrick Pintus, 2012. "Short-Run Pain, Long-Run Gain: The Conditional Welfare Gains from International Financial Integration The Conditional Welfare Gains from International Financial Integration," AMSE Working Papers 1202, Aix-Marseille School of Economics, France, revised 27 Jun 2016.
    55. Jetter, Michael, 2016. "Peace, Terrorism, or Civil Conflict? Understanding the Decision of an Opposition Group," IZA Discussion Papers 9996, IZA Network @ LISER.
    56. Ahmed, Abdullahi D. & Mmolainyane, Kelesego K., 2014. "Financial integration, capital market development and economic performance: Empirical evidence from Botswana," Economic Modelling, Elsevier, vol. 42(C), pages 1-14.
    57. Gou, Qin & Li, Xingshen & Zhao, Guojun, 2024. "Surges of cross border capital flow: The impact of digital finance," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
    58. Neanidis, Kyriakos C., 2019. "Volatile capital flows and economic growth: The role of banking supervision," Journal of Financial Stability, Elsevier, vol. 40(C), pages 77-93.

  36. Niall Ferguson & Moritz Schularick, 2007. "‘Chimerica’ and the Global Asset Market Boom," International Finance, Wiley Blackwell, vol. 10(3), pages 215-239, December.

    Cited by:

    1. Kevin Daly, 2016. "A Secular Increase in the Equity Risk Premium," International Finance, Wiley Blackwell, vol. 19(2), pages 179-200, June.
    2. Ying Wu & Xin Deng, 2022. "Macroeconomic Impacts of the US External Imbalances with Two Large Emerging Asian Economies: Japan (1970–1990) versus China (2000–2018)," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(2), pages 255-279, June.
    3. Qing Zhu & Shuyu Bai & Jia Wang, 2022. "Liquidity, Asset Price Volatility, and Monetary Policy Choices: Empirical Evidence from China," Complexity, John Wiley & Sons, vol. 2022(1).
    4. Laura Barbosa de Carvalho, 2012. "Current Account Imbalances and Economic Growth: a two-country model with real-financial linkages," Working Papers 1203, New School for Social Research, Department of Economics.
    5. Broich, T. & Szirmai, A., 2014. "China's economic embrace of Africa: An international comparative perspective," MERIT Working Papers 2014-049, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. Luigi Bonatti & Andrea Fracasso, 2009. "The evolution of the Sino-American Co-dependency: modelling a regime switch in a growth setting," Department of Economics Working Papers 0905, Department of Economics, University of Trento, Italia.
    7. Tara Sinclair & Yeuqing Jia, 2010. "Permanent and Transitory Macroeconomic Relationships between China and the Developed World," Working Papers 2010-08, The George Washington University, Institute for International Economic Policy.
    8. Bo Chen & Hong Ma & David S. Jacks, 2017. "Revisiting the Effective Rate of Protection in the Late Stages of Chinese Industrialisation," The World Economy, Wiley Blackwell, vol. 40(2), pages 424-438, February.
    9. Maosheng Ye & Jim H. Shen & Eric Golson & Chien‐Chiang Lee & Yuting Li, 2022. "The impact of Sino–US trade friction on the performance of China's textile and apparel industry," International Finance, Wiley Blackwell, vol. 25(2), pages 151-166, August.
    10. Xiang Xu & Alice Siqi Han, 2018. "Will China Collapse: A Review, Assessment And Outlook," Economics Working Papers 18104, Hoover Institution, Stanford University.
    11. Schularick Moritz, 2010. "Touching the Brakes after the Crash: A Historical View of Reserve Accumulation and Financial Integration," Global Economy Journal, De Gruyter, vol. 9(4), pages 1-13, January.
    12. Kyung Soo Kim & Hyoung‐Kyu Chey, 2010. "Some Salient Issues Raised By The Global Financial Crisis," Pacific Economic Review, Wiley Blackwell, vol. 15(1), pages 1-10, February.

  37. Ferguson, Niall & Schularick, Moritz, 2006. "The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880–1913," The Journal of Economic History, Cambridge University Press, vol. 66(2), pages 283-312, June.
    See citations under working paper version above.
  38. Moritz Schularick, 2006. "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., vol. 11(4), pages 339-354.
    See citations under working paper version above.

Chapters

  1. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The Costs of Macroprudential Policy," NBER Chapters, in: NBER International Seminar on Macroeconomics 2018, pages 263-282, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Moritz Schularick & Ilhyock Shim, 2017. "Household credit in Asia-Pacific," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial systems and the real economy, volume 91, pages 129-144, Bank for International Settlements.

    Cited by:

    1. Woon Gyu Choi & Mr. David Cook, 2018. "Policy Conflicts and Inflation Targeting: The Role of Credit Markets," IMF Working Papers 2018/072, International Monetary Fund.
    2. Sommarat Chantarat & Atchana Lamsam & Krislert Samphantharak & Bhumjai Tangsawasdirat, 2018. "Household Debt and Delinquency over the Life Cycle," PIER Discussion Papers 94, Puey Ungphakorn Institute for Economic Research.
    3. Daniel Carvalho & Etienne Lepers & Rogelio Mercado, 2025. "Taming the “Capital Flows-Credit Nexus”: A Sectoral Approach," Open Economies Review, Springer, vol. 36(2), pages 373-429, April.
    4. Marco Jacopo Lombardi & Madhusudan Mohanty & Ilhyock Shim, 2017. "The real effects of household debt in the short and long run," BIS Working Papers 607, Bank for International Settlements.

  3. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Macrofinancial History and the New Business Cycle Facts," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 213-263, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  4. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," NBER Chapters, in: NBER International Seminar on Macroeconomics 2014, pages 2-18, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  5. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Chapters, in: Sovereign Debt and Financial Crises, National Bureau of Economic Research, Inc.
    See citations under working paper version above.

Books

    Sorry, no citations of books recorded.
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