Markus Brunnermeier
| Markus K. Brunnermeier | |
|---|---|
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| Born | March 22, 1969 (age 48) |
| Nationality | German |
| Institution | Princeton University |
| Field | Economics |
| Alma mater | London School of Economics |
| Influences | Ben Bernanke |
| Awards | Germán Bernácer Prize and Guggenheim Fellowship |
| Information at IDEAS / RePEc | |
Markus Konrad Brunnermeier (born March 22, 1969) is an economist, who holds the Edwards S. Sanford professorship at Princeton University. He is a faculty member of Princeton’s Department of Economics and director of the Bendheim Center for Finance. His research focuses on international financial markets and the macro economy with special emphasis on bubbles, liquidity, financial crises and monetary policy. He promoted the concepts of liquidity spirals, CoVaR as co-risk measure, the volatility paradox, and the I Theory of Money. He is a member of several advisory groups, including to the IMF, the Federal Reserve Bank of New York, the European Systemic Risk Board, the German Bundesbank and the U.S. Congressional Budget Office.
Growing up in Landshut, Germany, Brunnermeier was expected to follow his father into the business of carpentry. A slump in the housing market pressured Brunnermeier into the tax office and the Army. In 1991, he enrolled as an undergraduate student in the University of Regensburg. He continued his studies in Vanderbilt University receiving a master's degree in Economics in 1994. Subsequently, he joined the European Doctoral Program first at the Bonn Graduate School of Economics and from 1995 to 1999 at the London School of Economics. He was awarded his Ph.D. by the London School of Economics (LSE) in 1999.
While at the London School of Economics, Brunnermeier parlayed a survey paper into a book on asset prices, bubbles, herding and crashes. He was subsequently hired by Princeton University as an assistant professor in 1999. He became full professor in 2006 and assumed his current chaired professorship as Edwards S. Sanford Professor of Economics in 2008. In 2011, he set up the Julis Rabinowitz Center for Public Policy and Finance at Princeton’s Woodrow Wilson School. In 2014, he became director of Princeton’s Bendheim Center for Finance.
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