Research Focuses
- Macroeconomics, especially pragmatic Keynesian macroeconomics
- Financial markets / Financial institutions / Financial market regulation
- Central banks
- History of dogmas and theory
Department at SECP
- Political Economy and Society
- Macro- and microeconomic analyses
Effects of sustainability transformation on politics and society
Contact
Office F15, 124
Phone +49.6151.16-39240
Fax +49.6151.16-38399
E-Mail ulrich.klueh@h-da.de
Since October 2015 |
Darmstadt Business School, Darmstadt University of Applied Sciences Professor of Economics, Vice Dean (since 2017) |
August 2010 – September 2015 |
Savings Banks Finance Group, Frankfurt Director Savings Banks Academy |
August 2008 – July 2010 |
German Council of Economic Experts (GCEE) Secretary General |
October 2005 – August 2008 |
International Monetary Fund, Washington DC Economist, Monetary and Capital Markets and African Department |
April 2001 – September 2005 |
Ludwig-Maximilians University, Munich Research assistant and lecturer at the chair for macroeconomics |
July 2004 – October 2004 |
International Monetary Fund, Washington DC Summer Intern Monetary and Financial Systems Department |
October 1996 – March 2001 |
Johann Wolfgang Goethe University, Frankfurt Research Assistant (part-time) |
July 1997 – October 1998 |
WEFA GmbH, Frankfurt Assistant of Senior Economist (part-time) |
August 1996 – September 1996 |
Lazard Frère & Co. LLC, New York Summer-Intern Latin American Section |
September 1993 – September 1994 |
Missionários do Verbo Divino, Amazon Region Volunteer |
Education & Degrees
2001 – 2006 Munich Graduate School of Economics
PhD Studies
Thesis: “Financial Safety Net Design and Systemic Stability”
February 2006: Dr. oec. pub. (“summa cum laude”)
1994 – 2000 Johann Wolfgang Goethe University, Frankfurt
Studies in Economics
Majors: Monetary Economics and International Finance, Public
Finance, International Business Administration
October 2000: Diploma in Economics (“very good”)
1999 University of California, Berkeley
Exchange Student
Diploma in International Trade and Commerce (“awarded with distinction“)
“In a society in conformity with the market, there can at best be individual, perhaps even collectively incremental, but by no means transformative choices.” – Prof. Dr. Ulrich Klüh

2020 |
„Blockchained? Digitization, Economic Policy, and Economic Politics“. „Regional Disparities and Surveillance Capitalism“. |
2019 |
„Minsky meets Habermas: Ein interdisziplinärer Selbstversuch.“ „Kapitalismus und Freiheit“. Jahrbuch Normative und institutionelle Grundlagen der Ökonomik 17 (Hrsg.; together with Jan-Egbert Sturn and Katharina Hirschbrunn), Marburg: Metropolis Verlag. „Der Fluch der Sachzwänge: Notizen zur Relevanz politischer Alternativen in der digitalen und ökologischen Transformation“. Jahrbuch Normative und institutionelle Grundlagen der Ökonomik 17, S. 247-271 (together with Andreas Kaltwasser). |
2018 |
„Gestalt-Theorie der Sozialpolitik“, (together with Gisela Kubon-Gilke and others). Marburg: Metropolis Verlag. „Can Finance/Capitalism save the Planet?“ In: Robischon, Tobias and Katharina Borowski (Hrsg.): Taking back Control. Zur globalen Finanzkrise und den Ambitionen einer Steuerung des Finanzsystems, Tagungsreader. Darmstadt, Schader-Stiftung. |
2017 |
“New Deals: Transformation ökonomischer Institutionen und demokratische Politik“. in: Jahrbuch Normative und Institutionelle Grundlagen der Ökonomik 16. “Makroökonomie: Das Übungsbuch (Exercises in Macroeconomics)”, Munich, Germany: Pearson Education (5th edition, with T. Hagen and S. Sauer). “No more cakes and ale: Banks and Banking Regulation in The Post-Bretton Woods Macro-Regime”, in: Heinemann, Frank, Watzka, Sebastian and Klüh, Ulrich (Hrsg.): “Monetary Policy, Financial Crises, and the Macroeconomy“, Berlin: Springer. “Monetary Policy, Financial Crises, and the Macroeconomy“, (edited) with Heinemann, Frank, und Watzka, Sebastian. Berlin: Springer. |
2016 |
„Kapitalakkumulation durch Kapitalbesteuerung? Eine kontextuelle Analyse der Vermögensbesteuerung“, in: Ethik und Gesellschaft – 1-2016. „Makroökonomische/Sozialpolitische Perspektiven auf die Sozialpolitik/Makroökonomie“, erscheint als Teil eines Buchprojekts in: Kubon-Gilke, Gisela, Klüh, Ulrich u.a.: Gestalt-Theorie der Sozialpolitik. |
2015 |
“’Denken in Makroregimes’ und Große Transformationen: Eine Anwenderperspektive“, in: Jahrbuch Normative und Institutionelle Grundlagen der Ökonomik 15 (2015). |
2014 |
“Sismondis Spur: Krisen- und Selbstverständnis der Ökonomik (Crises in the history of economic thought)”, in: Held, Martin, G. Kubon-Gilke and R. Sturn. Normative und institutionelle Grundfragen der Ökonomik, Metropolis Verlag, Marburg. “Makroökonomie: Das Übungsbuch (Exercises in Macroeconomics)”, Munich, Germany: Pearson Education (4th edition, with J. Forster and S. Sauer). “Foreword”, in: Larsen, Christa, A. Schmid und R. Keil (Eds.), Sustainable Economy and Sustainable Employment: Approaches to Measuring Sustainability in Regional and Local Labour Market Monitoring, Rainer Hampp Verlag, München Merling. |
2012 |
“Demografischer Wandel und Personalentwicklung in der Kreditwirtschaft (Demographic change and human resource management in financial institutions)”, in: Zeitschrift für das gesamte Kreditwesen 20 vom 15.10.2012. “Paradoxie und Wirtschaftswissenschaften im Kontext der Krise (Paradoxes in economics)”, in: Held, Martin, G. Kubon-Gilke and R. Sturn. Normative und institutionelle Grundfragen der Ökonomik, Metropolis Verlag, Marburg. |
2011 |
“Vielfalt wirkt stabilisierend”, in: Dossier Risikomanagement, Sparkassenzeitung, Sparkassenverlag. |
2010 |
“Reshaping Systemic Risk Regulation in Europe”, The Brown Journal of World Affairs, Spring 2010 (mit Beatrice Weder di Mauro). Reprinted in: Stijn Claessens, M. Keen and C. Pazarbasioglu, Financial Sector Taxation: The IMF’s Report to the G-20 and Background Material, Washington DC, September 2010. “Reducing Systemic Relevance: A Proposal”, The German Council of Economic Experts, Working Paper 04/2010, Wiesbaden, Germnaz, May 2010 (mit Hasan Doluca, Marco Wagner und Beatrice Weder di Mauro). “Three birds with one stone: The G20 and Systemic Externalities”, VoxEU, June 26, 2010 (mit Hasan Doluca, Marco Wagner and Beatrice Weder di Mauro). |
2009 |
“Reforming Global Governance: How to make the IMF more independent”, in: Intereconomics, Vol. 44, Number 2, March/April 2009, pages 72-76 (with D. Gros and B. Weder di Mauro). “Konjunkturprognosen in der Krise? (Economic forecasts and the great recession)”, in: Wirtschaftsdienst, Vol. 89, Number 2, February (with C. Swonke). “Konjunkturpaket II: Insgesamt richtig (The German fiscal stimulus package: Overall on the right path)”, in: ifo Schnelldienst, Vol. 62, Number 2 (with W. Wiegard) “Policies to improve the local impact from hydrocarbon extraction: Observations on West Africa and possible lessons for Central Asia”, Energy Policy, Elsevier, vol. 37(3), pages 1128-1144, March (with G. Pastor and A. Segura). |
2008 |
“Central Bank Response to the 2007-08 Financial Market Turbulence: Experiences and Lessons Drawn”, IMF Working Papers 08/210, International Monetary Fund (with S. Gray, A. Chailloux, S. Shimizu and P. Stella). “Central Bank Financial Strength and Policy Performance: An Econometric Evaluation”, IMF Working Papers 08/176, International Monetary Fund (with P. Stella). “Market and Funding Liquidity: When Private Risks Become Public”, Global Financial Stability Report (forthcoming, with B. Gonzales, H. Hesse, L. Kodres and P. Mills). “Value-at-Risk: Risk Mitigant or Amplifier”, Asia Risk Magazine, February 2008 (with J. Danielsson and L. Kodres). |
2007 |
“When countries do not do what they say: Systematic discrepancies between exchange rate regime announcements and de facto policies”, Discussion Papers in Economics 2072, University of Munich, Department of Economics (with J. Bersch). “Do Market-Risk Management Techniques Amplify Systemic Risks?”, IMF Global Financial Stability Report, October 2007, 52-76 (with P. Mills, L. Kodres, and J. Kiff). “Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond”, IMF Working Paper No. 07/213, September 2007 (with G. Pastor, A. Segura, and W. Zarate). |
2006 |
“The Design and Implementation of Deposit Insurance Systems”, IMF Occasional Paper No. 251, December 2006 (with D. Hoelscher and, M. Taylor). “The Hydrocarbon Sector as a Source of Growth”, in: Republic of Equatorial Guinea: Selected Issues and Statistical Appendix, IMF Country Report No. 06/237, June 2006. “Financial Safety Net Design and Systemic Stability”, Shaker Verlag, Aachen (2006). |
2005 |
“Safety Net Design and Systemic Risk: New Empirical Evidence”, Munich Economic Discussion Papers 2005-06. “Vermögenspreise und Konsum” (Asset Prices and Consumption: Recent Theories, U.S. Experiences and European Challenges), Perspektiven der Wirtschaftspolitik 6 (1), 1-22 (with G. Illing). |
2004 |
“Spectrum Auctions and Competition in Telecommunications”, Cambridge, MA: The MIT Press (edited, with G. Illing). |
Since 2019 |
Doctoral Program “Sustainability Science”: Professorial Member |
Winter 2019 |
Nell Breuning Institute, Frankfurt: Guest Researcher |
Since 2018 |
European Journal of the History of Economic Thought: Referee Joint Initiative “Innovative University” of Federal and State Governments, Excellence Cluster “System Innovation for Sustainable Development”: Member. Yearbook Institutional and Normative Foundations of Economics: Editor |
Since 2017 |
Keynes Society Center for Sustainable Economic and Corporate Policy: Founding Member |
Since 2016 |
Research Center “Sustainable Processes and Methods”: Founding Member |
Since 2015 |
Stellar Consulting, Washington DC, Associate |
Since 2014 |
Zukunftsrat des Landes Hessen (Council of the Hessian Minister of the Economy), Member |
Since 2013 |
IQ-KAP – Private Institute for Quantitative Capital Market Research: Member of scientific advisory board |
Since 2012 |
Institute for Economics, Labor, and Culture, Goethe University: Advisory Board |
Since 2011 |
Yearbook Institutional and normative foundations of economics: Member of editorial advisory board |
2011 – 2018 |
Monetary Workshop e.V.: Member of the executive board and treasurer |
2004 – 2005 |
Cusanuswerk – Bischöfliche Studienförderung (Episcopal program for intellectually gifted students), Bonn, Germany: PhD Scholarship |
2004 |
Monetary Stability Foundation and German Academic Exchange Service: PhD Scholarship |
1997 – 2000 |
Cusanuswerk – Bischöfliche Studienförderung, Bonn, Germany: Undergraduate Scholarship, Chairman Social Science Association |