Prof. Dr. Moritz Schularick
© ECONtribute: Märkte und Public Policy
Economics, University of Bonn
The Leibniz Prize goes to Moritz Schularick in recognition of his outstanding research accomplishment in the field of economics. This is especially true of the fresh links he has drawn between macroeconomics and economic history, as well as his insights into the causes of financial crises and the historical development of wealth distribution. While the 2008 financial crisis largely caught economists unprepared, Schularick promptly succeeded in demonstrating that financial crises regularly follow on from periods of pronounce growth. On this basis, he developed a more fundamental understanding of crisis dynamics that can help predict and mitigate future financial crises. More recently, Schularick has focused his research on the causes of social inequality. To this end, he analysed the development of earnings on capital and property and was able to identify aspects of unequal resource endowment as being essential to the increase in social inequality. Overall, his work has contributed considerably to a better understanding of key problems of the present and is frequently cited in economic and socio-political debate.
After completing master’s degrees in Berlin, Paris and London, Schularick obtained his doctorate at the Free University of Berlin in 2005, where he subsequently held a junior professorship for five years. Visiting professorships then took him to the Center for European Studies at Harvard University, the Institut d'études politiques in Paris and the Stern School of Business at New York University. Since 2012 he has been a professor of economics at the University of Bonn, where he heads the MacroHistory Lab.