Markus Konrad Brunnermeier (born March 22, 1969) is an economist, who is the Edwards S. Sanford Professor of Economics at Princeton University.
Brunnermeier is a faculty member of Princeton's department of economics and director of the Bendheim Center for Finance.
He promoted the concepts of Resilience, liquidity spirals, CoVaR as co-risk measure, the paradox of prudence, financial dominance, ESBies, the Reversal Rate, Digital currency areas, the redistributive monetary policy, and the I Theory of Money.
He is or was 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.
[4] While at the London School of Economics, Brunnermeier parleyed a survey paper into a book on asset prices, bubbles, herding and crashes.
[11][12][13][14] He is or was 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.
[15][16][17][18] In March 2020, he established the webinar series "Markus' Academy" as a platform for leading thinkers to share their research with the public.
[22] Brunnermeier's empirical paper, coauthored with Stefan Nagel, documents that hedge funds were riding the dot-com bubble.
They also introduced the concept of volatility paradox, which refers to the phenomenon that risk builds up primarily during tranquil times in background in the form of imbalances and only materializes when crises erupt.
His approach provides an alternative to the predominant New-Keynesian view, in which price and wage rigidities are the primary frictions.
His book, The Euro and the Battle of Ideas, (together with Harold James, from Princeton's Department of History, and Jean-Pierre Landau, from the Banque de France) shows how core problems of the euro are also linked to conflicting political and economic philosophies of the Eurozone's founding countries, especially those of Germany and France, and discusses ways to reconcile the competing views.