Prof. Dr. Moritz Schularick

Professor Dr. Moritz Schularick has been President of the Kiel Institute for the World Economy (IfW) since June 1, 2023 and teaches economics at Kiel Christian Albrechts University (CAU). He not only conducts research at the highest level on global geoeconomic challenges, but he also shapes the political debate and was awarded the Gottfried Wilhelm Leibniz Prize.

With its history and focus on global economic issues, the IfW has an exceptional position in the German scientific landscape. The presidency is an outstanding task, because the future of globalization is of paramount importance for the German and European economy.

Prof. Schularick is editor of the most important European journal for economic policy, "Economic Policy". He regularly advises central banks, finance ministries, investors and international organizations and is a member of the Berlin-Brandenburg Academy of Sciences and Humanities, the Academia Europaea and the ECONtribute cluster of excellence.

The economist - a recipient of many awards, internationally recognized and very well networked - taught and conducted research at the Institute for Macroeconomics and Econometrics at the Rheinische Friedrich-Wilhelms-Universität Bonn as W3 Professor of Macroeconomics since 2012. He was an economic historian at the John F. Kennedy Institute of the FU Berlin.

His research focuses on monetary macroeconomics, international economics, globalization of finance, financial markets, asset prices, causes of financial crises and economic inequality, and economic history. His studies on the causes of financial crises and the transformation of the financial system are among the most cited macroeconomic papers internationally. His work on economic relations between China and America, on the causes of populism, and on the returns of various asset classes are highly interesting for experts and the media. He makes highly relevant transfers in politics and economics, most recently in the debate on Germany's dependence on Russian gas.

He has analyzed financial crises and the development of the financial system over the last 140 years - and has found a common thread: excessive lending is the best leading indicator of financial crises. Prof. Schularick takes a historical perspective on the question of what we can learn from past financial crises and how the financial system can become more stable.

Together with Harvard historian Niall Ferguson, Professor Schularick coined the term "chimerica" in 2006 - a neologism in deliberate reference to "chimera." It describes the phenomenon of American overconsumption financed by the Chinese saver. In short, one half of the world consumes, the other finances it. This is because China uses its trade surpluses to accumulate dollars and gives the U.S. low-interest loans to buy more and more new goods.

He has published in the NY Times, the Financial Times, and the Süddeutsche Zeitung. Professor Schularick lectures in German, English and French.