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Markus K. Brunnermeier

Markus K. Brunnermeier
Edwards S. Sanford Professor of Economics
Director of the Bendheim Center for Finance
Princeton University, 26 Prospect Avenue, Princeton, NJ 08540, USA,
markus@princeton.edu (email)
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RESEARCH

TEACHING

PUBLIC LECTURES

LINKS

MACRO,MONEY&FINANCE

DISCLOSURES

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Bio
Markus K. Brunnermeier is the Edwards S. Sanford Professor at Princeton University. He is a faculty member of the
Department of Economics and director of Princeton's Bendheim Center for Finance. He is the founding and former director of
Princeton’s Julis Rabinowitz Center for Public Policy and Finance and affiliated with the International Economics Section. He
is also a research associate at NBER, CEPR, and CESifo. He is a member of several advisory groups, including to the IMF,
the Federal Reserve of New York, the European Systemic Risk Board, the Bundesbank and the U.S. Congressional Budget
Office. Brunnermeier was awarded his Ph.D. by the London School of Economics (LSE).
His research focuses on international financial markets and the macroeconomy with special emphasis on bubbles, liquidity,
financial and monetary price stability. To explore these topics, his models incorporate frictions as well as behavioral elements.
He is a Sloan Research Fellow, Fellow of the Econometric Society and the recipient of the Bernácer Prize granted for
outstanding contributions in the fields of macroeconomics and finance. He received a Guggenheim Fellowship for studying
the impact of financial frictions on the macroeconomy. He has been awarded several best paper prices and served on the
editorial boards of several leading economics and finance journals. He has tried to establish the concepts liquidity spirals,
CoVaR as co-risk measure, the volatility paradox, and the I Theory of Money.
For different profiles see Yale Economic Review and wikipedia.
Fun Factoid: Meanings of my forenames
Markus
Latin:
Dedicated to Mars, Roman god of war
Sukram (reverse spelling)
Hindi:
The one in whom peace pervades
Konrad (middle name)
Germanic: Wise counselor

News & Events
Panel Discussion: "Financial Dominance and Central Bank Independence"
July 9, 2015
Video Slides

Panel Discussion: "Diabolic Loop between Sovereign and Banking Risk": G7 Bundesbank & BMF
March 27, 2015
Slides.

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TWITTER
MarkusEconomist
Princeton Initiative:
Macro, Money and
Banking started today (more than
50 top PhD students came to
Princeton) t.co/u2dptFy36x
6 hours 40 min ago.
dandolfa When is a
bailout not a bailout?
t.co/Ri1YoKr8eN
t.co/Xwbjyb5huZ
17 hours 9 min ago.
EnduringSuccess
#migrantcrisis is not all
bad: I argue that
immigrants are better
entrepreneurs. t.co/H8kS0InROu
via @Forbes @WarwickBSchool
3 days 10 hours ago.
MarkusEconomist
Apple's new Campus 2:
@YouTube movie
t.co/gSCPo2LFTt
t.co/TKj3JsMsKJ
2 days 9 hours ago.
MrDenmore Why do
refugees risk their lives
on boats? Here's the
Syrian town of the boy who
drowned trying to reach Europe.
t.co/s4GapL2xWW
6 days 12 hours ago.
Follow me on twitter

IMF Discussion: On the Desirability of Capital Controls
November 13, 2014
Discussion of Heathcote and Perri (2014). Slides.

Panel Discussion: "Monetary Policy: A New Normal?" San Francisco Fed
November 10, 2014
Slides.

RECENT
PRESENTATIONS
Interview: "The I Theory of
Money" , at Federal Reserve
Bank of St. Louis, Thursday,
October 10, 2013
Monetary Analysis, at Sintra,
Portugal, Monday, May 26,
2014:
01c_ECB_Sintra2014.pdf

U.S. Congressional Budget Office
October 9, 2014
I joined the Panel of Economic Advisers of the Congressional Budget Office (CBO).

http://scholar.princeton.edu/markus/[9/11/2015 4:52:53 PM]

Financial Dominance, at
Raghu Rajan's DB Prize

Markus K. Brunnermeier
ceremony, Frankfurt, Thursday,
September 26, 2013

Princeton Initiative: Macro, Money and Finance 2014
September 5, 2014
Following the Princeton tradition of incorporating financial frictions in macroeconomic models - scholars like Ben Bernanke
come to mind - this camp tries to bring top 2nd year Ph.D. students from all leading departments together who want to write
a Ph.D. thesis at the intersections between Macro, Monetary Economics and Finance. Link with Videos.

Directorship of Princeton's Bendheim Center for Finance
July 1, 2014
I became the director of Princeton's Bendheim Center for Finance (BCF) and stepped down as co-director of the Woodrow
Wilson School's Julis-Rabinowitz Center of Public Policy and Finance (JRCPPF).

The Euro: Challenges to
Improve a Currency Union, at
American Economic
Association Meeting, Chicago,
Friday, January 6, 2012
Crisis on Wall Street, at
Princeton University, Thursday,
September 25, 2008
Efficient Market Hypothesis,
Bubbles and Liquidity, at
Kings College, Cambridge
University, Friday, April 9, 2010

Interview on "The I Theory of Money": Federal Reserve Bank of St. Louis
April 22, 2014
The Federal Reserve Bank of St. Louis published an interview on the I Theory of Money with me (see page 11-14).

Brattle Group Distinguished Paper Prize
January 4, 2014
The paper "Maturity Rat Race" (with Martin Oehmke) won the Brattle Group distinguished paper prize for one of the best
corporate finance papers published in the Journal of Finance 2013.

Financial Dominance
October 22, 2013
Lecture on "Financial Dominance" during the Deutsche Bank Prize Ceremony for Raghu Rajan in Frankfurt on Sept 26th,
2013. See video and slides.
more

Markus K. Brunnermeier

The Future of Europe, at INET
Conference, Berlin, Friday,
April 13, 2012

Macroprudential Regulation, at
Munich Economic Summit,
Saturday, April 3, 2010
Bernácer Prize 2008, at
Madrid, Wednesday, June 10,
2009:
Acceptance Speech
González-Páramo Speech
T.W. Schultz Prize Lecture
2010, at University of Chicago,
Thursday, June 3, 2010:
T.W. Schultz Lecture
Berlin Lecture in Finance, at
Berlin, Monday, May 17, 2010:
Berlin Lecture in Finance

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