Explore by…

More

Markus K. Brunnermeier

Markus K. Brunnermeier is the Edwards S. Sanford Professor at Princeton University. He is a faculty member of the Department of Economics and affiliated with Princeton’s Bendheim Center for Finance and the International Economics Section. He is the director of Princeton’s Julis Rabinowitz Center for Public Policy and Finance. He is also a research associate at CEPR, NBER, and CESifo, and a visiting scholar at the Federal Reserve Bank of New York. He was awarded his Ph.D. by the London School of Economics (LSE), where he was also affiliated with its Financial Markets Group.

His research focuses on financial markets and the macroeconomy with special emphasis on bubbles, liquidity, financial stability and its implication for financial regulation and monetary policy. 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 recently received a Guggenheim Fellowship for studying the impact of financial frictions on the macroeconomy. He is also an associated editor of the American Economic Review, Journal of European Economic Association, Journal of Finance and was previously on the editorial board of the Review of Financial Studies and the Journal of Financial Intermediation.

Featuring this expert

Brunnermeier: Europe’s Future Will Be Settled By a Battle of Ideas

Video | Jan 25, 2017

A conflict which revolves around key economic policy differences on questions such as rules vs. discretion, solidarity vs. liability, liquidity vs. solvency and austerity vs. stimulus.

General Equilibrium Theory: Sound and Fury, Signifying Nothing?

Article | Aug 16, 2016

Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it?

When is a Bubble a Bubble?

Article | Jan 11, 2014

Bubbles have become a major focus of discussion in today’s financial markets. But very few people actually define what they mean when describing this financial phenomenon.