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Kiel Institute Researcher

Prof. Dr. Jonathan Federle

Kiel Institute Researcher

Prof. Dr. Jonathan Federle

Research Center

Jonathan Federle is an Assistant Professor at the Kiel Institute and at ESMT Berlin. He received his Ph.D. from LMU Munich and was subsequently a Postdoctoral Research Fellow at the Kiel Institute. He has been a visiting scholar at Harvard Business School and Boston University.

 

His research lies at the intersection of geoeconomics, macroeconomics, and international finance. He studies the economic consequences of war: how conflicts affect output and inflation in belligerent and nearby economies, how stock and sovereign bond markets price geopolitical risk, and how economic strength shapes military success. His work has been published in leading academic journals, including the American Economic Review, and he has presented his work at major venues such as Harvard Business School, the NBER Summer Institute, and the European Central Bank.

Topics

Financial MarketsGeoeconomicsEconomic & Financial Crises

Main research interests

  • Asset Pricing
  • Macroeconomics
  • Economics of Conflict

Jonathan Federle is an Assistant Professor at the Kiel Institute and at ESMT Berlin. He received his Ph.D. from LMU Munich and was subsequently a Postdoctoral Research Fellow at the Kiel Institute. He has been a visiting scholar at Harvard Business School and Boston University.

 

His research lies at the intersection of geoeconomics, macroeconomics, and international finance. He studies the economic consequences of war: how conflicts affect output and inflation in belligerent and nearby economies, how stock and sovereign bond markets price geopolitical risk, and how economic strength shapes military success. His work has been published in leading academic journals, including the American Economic Review, and he has presented his work at major venues such as Harvard Business School, the NBER Summer Institute, and the European Central Bank.

  • Kiel Policy Brief
    02/2024

    Policy Article

    The Price of War

    Federle, J., Meier, A., Müller, G.J., Mutschler, W., Schularick, M.

    PDF
  • News

    25.06.2026

    Russian tank destroyed

    Wars and military threats disrupt sovereign bond markets

  • News

    22.01.2025

    Historical Data Shows: Money Wins Wars

  • News

    04.12.2024

    AfD Wahlplakat "Schulessen kostenlos!"

    Inflation shocks strengthen extremist and populist parties in elections

Upcoming Events

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Research Center & Groups

  • Research Group

    Research Group Federle

  • Research Center

    Macroeconomics

  • Research Group

    Research Group Schularick