Papers by Markus K. Brunnermeier

Markus K. Brunnermeier

Edwards S. Sanford Professor of Economics · Princeton University

Edwards S. Sanford Professor of Economics at Princeton University and director of the Bendheim Center for Finance. Works on financial frictions in macroeconomics and finance, including joint work with Yuliy Sannikov.

Showing 2 papers

Published Classic American Economic Review Published Feb 2014

A Macroeconomic Model with a Financial Sector

Markus K. Brunnermeier · Yuliy Sannikov

This paper solves the full, global equilibrium dynamics (not just a linearization around the steady state) of an economy in which financially constrained "experts" intermediate capital, showing that …

Financial Frictions Financial Stability Free Read ↗

Published Classic Journal of Economic Perspectives Published Jan 2009

Deciphering the Liquidity and Credit Crunch 2007-2008

Markus K. Brunnermeier

Brunnermeier explains how a few hundred billion dollars of mortgage-market losses amplified into the 2007-08 financial crisis, which wiped out roughly $8 trillion in U.S. stock market wealth.

Financial Crises Financial Frictions Money Markets Liquidity Free Read ↗