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Karsten studied Political Economy, International Economics and Economics & International Finance at Kingston University London, Berlin School of Economics and Law and University Paris-13. He pursued a PhD at Kingston University on the role of flexible exchange rates in emerging market business cycles. Prior to joining King’s in September 2019, he taught quantitative methods at SOAS and Goldsmiths.

Research interests

  • Open-economy macroeconomics and international finance
  • Business and financial cycles
  • Financialisation and income distribution
  • Emerging market economies
  • Growth models


Karsten has taught econometrics and mathematics for economists. At King’s he teaches The Political Economy of Finance and Crises and The Political Economy of the Financial Crisis.


Journal Articles

Kohler, K., Guschanski, A. and Stockhammer E. (2019) ‘The impact of financialisation on the wage share. A theoretical clarification and empirical test’, Cambridge Journal of Economics, 43(4), 937-974.

Stockhammer, E., Calvert Jump, R., Kohler, K., and Cavallero, J. (2019) ‘Short and medium term financial-real cycles: An empirical assessment, Journal of International Money and Finance, 94, 81-96.

Kohler, K., Guschanski, A. and Stockhammer E. (2018) ‘Verteilungseffekte von Finanzialisierung‘, Kölner Zeitschrift für Soziologie und Sozialpsychologie, 70, Supplement 1, 37-63.

Kohler, K. (2017) ‘Currency devaluations, aggregate demand, and debt dynamics in economies with foreign currency liabilities’, Journal of Post Keynesian Economics, 40(4), 487-511.

Stockhammer, E., Guschanski, A. and Kohler, K. (2014) ‘Unemployment, capital accumulation and labour market institutions in the Great Recession’, European Journal of Economics and Economic Policies: Intervention, 11(2), 182-194.

Book Publications

Stockhammer, E. and Kohler, K. (2015) ‘Linking a post-Keynesian approach to critical political economy: Debt-driven growth, export-driven growth and the crisis in Europe, In: Jäger, J. and Springler, E. (eds) Asymmetric Crisis in Europe and Possible Futures: Critical Political Economy and Post-Keynesian Perspectives, New York, Routledge, pp.34-49.