Hans-Joachim Voth

ICREA Research Professor
Economics Department, Universitat Pompeu Fabra in Barcelona

Hans-Joachim Voth is ICREA Research Professorship at the Economics Department, Universitat Pompeu Fabra in Barcelona. Principal areas of research include political and social instability, asset price volatility, the history of sovereign debt, and long-run growth. Professor Voth holds a doctorate from Nuffield College, Oxford, and was educated in Bonn, Freiburg, and Florence. He has held visiting appointments at the MIT, Princeton, NYU-Stern, and Stanford. From 1999 to 2001, he was Associate Director of the Centre for History and Economics, King's College, Cambridge. He worked as a management consultant for McKinsey & Co from 1996-98.

Professor Voth has published a book with Oxford University Press, five popular books, and over 50 articles. These have appeared in the AER, the QJE, the EJ, the Journal of Economic History, the Journal of Economic Growth, the European Economic Review, and Explorations in Economic History. The Economist, the Financial Times, the BBC, the New York Times, Financial Times Deutschland, Handelsblatt, FAZ, Vanguardia and De Volkskraat have profiled my research.

In 2008, he was awarded an Advanced Investigator Grant by the European Research Council (ERC). He has received a Leverhulme Prize Fellowship, the EHA's Alexander Gerschenkron Prize, the Gino Luzzatto Prize from the European Historical Economics Society, and a Ramon y Cajal research distinction from the Spanish Ministry of Education. I'm a Fellow of the Royal Historical Society (London) and a Research Fellow of the Center for Economic Policy Research (London). In 2011, I was invited to give the Tawney Lecture of the Economic History Society.

My Video Content

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Welcome to our new video series titled "New Economic Thinking." The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today.

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Hans-Joachim Voth, ICREA Research Professor, Economics Department, Universitat Pompeu Fabra speaks on panel entitled "The Challenge of DeLeveraging and Overhangs of Debt I: Inflation and Austerity" at the Institute for New Economic Thinking's (INET) Paradigm Lost Conference in Berlin. April 13, 2012. #inetberlin

My Grants

Why can asset prices swing wildly in some periods? This project will examine the role of political and social unrest, analysing their effects on bond and stock markets over the period 1900-2000. First, a new database on political instability will be produced, examining riots, demonstrations, political assassinations, and anti-government strikes. Second, the impact of uncertainty shocks on market liquidity will be analyzed. It is hypothesized that the combined effect of political and social uncertainty shocks – on likely asset payoffs and on market liquidity – can explain a good part of “excess volatility.”