Joachim Jungherr

Short bio

Joachim joined the Research Division in October 2025. Before joining the Riksbank, he worked as a postdoctoral researcher at the University of Bonn (Germany) and previously at the Institut d'Anàlisi Econòmica (CSIC) and the Barcelona School of Economics (Spain). He holds a Ph.D. in Economics from the European University Institute in Florence (Italy).

Joachim’s research focuses on Macroeconomics, Macrofinance, and Firm Heterogeneity. His recent projects study the role of corporate debt maturity in the transmission of monetary policy, firm debt dynamics over the business cycle, firm financing choices in the cross-section, and the links between bank opacity and financial crises. At the University of Bonn, he currently leads an individual research grant (“Sachbeihilfe”) from the German Science Foundation (DFG), titled The Impact of Government Policies on Firm Financing and Investment: Green Transition, Bank Regulation, and Credit Policies for Development.

His research has been published in the American Economic Journal: Macroeconomics, the Review of Economic Dynamics, and the Journal of Banking & Finance. Joachim has taught courses in Macroeconomics and Macrofinance at the University of Bonn, the Barcelona School of Economics, and the Universitat Autònoma de Barcelona. He has also held research visits at CIREQ (Université de Montréal, Canada) and CIDE (Mexico City, Mexico).

For more information about his ongoing research, please visit Joachim’s personal webpage: https://joachimjungherr.com

Education

Ph.D. in Economics, European University Institute, 2013

Diploma in Economics, University of Bonn, 2009

Publications

"Slow debt, deep recessions" (with Immo Schott). 2022. American Economic Journal: Macroeconomics 14, no. 1: 224-259.
DOI: 10.1257/mac.20190306

"Optimal debt maturity and firm investment" (with Immo Schott). 2021. Review of Economic Dynamics 42: 110-132.
https://doi.org/10.1016/j.red.2020.10.005

"Bank opacity and financial crises". 2018. Journal of Banking & Finance 97: 157-176.
https://doi.org/10.1016/j.jbankfin.2018.09.022

Working papers and work in progress

"Corporate debt maturity matters for monetary policy" (with Matthias Meier, Timo Reinelt, Immo Schott). 2024. Federal Reserve Bank of San Francisco Working Paper 2024-30. https://doi.org/10.24148/wp2024-30

"Banks, accounting standards, and macroeconomic fluctuations" (with Immo Schott).

"Growing like Korea" (with Chi Hyun Kim).