Markus K. Brunnermeier

Princeton University - Department of Economics

Bendheim Center for Finance

Princeton, NJ

United States

http://www.princeton.edu/¡­markus

SCHOLARLY PAPERS

54

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30,671

SSRN CITATIONS
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Top 39

in Total Papers Citations

3,511

CROSSREF CITATIONS

5,269

Scholarly Papers (54)

1.
Downloads 3,446 ( 4,010)
Citation 111

CoVaR

FRB of New York Staff Report No. 348
Number of pages: 45 Posted: 19 Sep 2008 Last Revised: 17 Oct 2013
Tobias Adrian and Markus K. Brunnermeier
International Monetary Fund and Princeton University - Department of Economics
Downloads 3,198 (4,485)
Citation 144

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value at risk, systemic risk, risk spillovers, financial architecture

Covar

NBER Working Paper No. w17454
Number of pages: 45 Posted: 06 Oct 2011 Last Revised: 11 Sep 2021
Tobias Adrian and Markus K. Brunnermeier
International Monetary Fund and Princeton University - Department of Economics
Downloads 248 (155,125)
Citation 16

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2.

Hedge Funds and the Technology Bubble

AFA 2004 San Diego Meetings; EFA 2003 Annual Conference Paper No. 446
Number of pages: 37 Posted: 23 Jul 2003
Stefan Nagel and Markus K. Brunnermeier
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 3,025 (5,029)
Citation 107

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Bubbles, Hedge Funds, Limits to Arbitrage

3.
Downloads 2,642 ( 6,264)
Citation 254

Deciphering the Liquidity and Credit Crunch 2007-08

Number of pages: 33 Posted: 19 Dec 2008 Last Revised: 01 Apr 2015
Markus K. Brunnermeier
Princeton University - Department of Economics
Downloads 2,323 (7,575)
Citation 237

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Financial Crisis, Bubbles, Liquidity, Liquidity Spirals, Credit Crunch

Deciphering the Liquidity and Credit Crunch 2007-08

NBER Working Paper No. w14612
Number of pages: 34 Posted: 29 Dec 2008 Last Revised: 06 Jun 2021
Markus K. Brunnermeier
Princeton University - Department of Economics
Downloads 319 (119,279)

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4.

Bubbles and Crashes

Princeton Working Paper
Number of pages: 41 Posted: 15 Jan 2002
Dilip Abreu and Markus K. Brunnermeier
Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 2,440 (7,119)
Citation 144

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Bubbles, Temporal Coordination, Synchronization, Market Timing, Limits to Arbitrage, Behavioral Finance, Dynamic Global Games

5.

Banks’ Non-Interest Income and Systemic Risk

AFA 2012 Chicago Meetings Paper
Number of pages: 33 Posted: 23 Mar 2011 Last Revised: 03 Apr 2015
Markus K. Brunnermeier, G. Nathan Dong and Darius Palia
Princeton University - Department of Economics, Boston College - Department of Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 2,385 (7,393)
Citation 117

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Systemic Risk, Banks, Non-interest Income, Risk-spillover, Capital requirements

6.

A Macroeconomic Model with a Financial Sector

National Bank of Belgium Working Paper No. 236
Number of pages: 75 Posted: 14 Oct 2012
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Princeton University
Downloads 1,727 (12,459)
Citation 579

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7.

Measuring and Allocating Systemic Risk

Number of pages: 23 Posted: 29 Dec 2013 Last Revised: 23 Apr 2019
Markus K. Brunnermeier and Patrick Cheridito
Princeton University - Department of Economics and ETH Zurich
Downloads 1,522 (15,187)
Citation 20

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Systemic risk measure, systemic risk allocation, feedback effects, shadow prices, systemic risk limits, systemic risk charges, cap and trade

8.
Downloads 1,360 ( 18,103)
Citation 59

Bubbles, Financial Crises, and Systemic Risk

Handbook of the Economics of Finance, Volume 2, George M. Constantinides, Milton Harris and Rene M. Stulz, eds., North Holland, October 2012, Economic Theory Center Working Paper No. 47-2012
Number of pages: 90 Posted: 11 Jul 2012 Last Revised: 21 Dec 2012
Markus K. Brunnermeier and Martin Oehmke
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 884 (33,303)
Citation 1

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Bubbles, Crashes, Financial Crises, Systemic Risk

Bubbles, Financial Crises, and Systemic Risk

Handbook of the Economics of Finance, Volume 2, George M. Constantinides, Milton Harris & Rene M. Stulz, eds., North Holland, December 2012, Economic Theory Center Working Paper No. 47-2012
Number of pages: 89 Posted: 14 Oct 2012 Last Revised: 10 Dec 2012
Markus K. Brunnermeier and Martin Oehmke
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 449 (80,592)
Citation 5

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Bubbles, Crashes, Financial Crises, Systemic Risk

Bubbles, Financial Crises, and Systemic Risk

NBER Working Paper No. w18398
Number of pages: 90 Posted: 15 Sep 2012 Last Revised: 10 Oct 2021
Markus K. Brunnermeier and Martin Oehmke
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 27 (610,836)
Citation 11

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Disclosure Requirements and Stock Exchange Listing Choice in an International Context

Number of pages: 40 Posted: 11 Nov 1997
Steven J. Huddart, Markus K. Brunnermeier and John S. Hughes
Pennsylvania State University, University Park - Department of Accounting, Princeton University - Department of Economics and University of California at Los Angeles
Downloads 1,082 (25,000)
Citation 19

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Disclosure Requirements and Stock Exchange Listing Choice in an International Context

Journal of Accounting and Economics, Vol. 26, Nos. 1-3, 1998
Posted: 10 Feb 1999
Steven J. Huddart, Markus K. Brunnermeier and John S. Hughes
Pennsylvania State University, University Park - Department of Accounting, Princeton University - Department of Economics and University of California at Los Angeles

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10.

Modeling and Measuring Systemic Risk

American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas
Number of pages: 5 Posted: 12 Aug 2011
Princeton University - Department of Economics, University of Chicago - Department of Economics, University of Chicago, Booth School of Business, Northwestern University - Kellogg School of Management and Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering
Downloads 1,003 (28,311)
Citation 2

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11.
Downloads 883 ( 33,839)
Citation 17

A Note on Liquidity Risk Management

American Economic Review, Vol. 99, No. 2, 2009
Number of pages: 13 Posted: 19 Jan 2009 Last Revised: 17 Jun 2009
Markus K. Brunnermeier and Motohiro Yogo
Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 797 (38,490)
Citation 4

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Funding liquidity, Hedging, Maturity structure, Risk management

A Note on Liquidity Risk Management

NBER Working Paper No. w14727
Number of pages: 14 Posted: 17 Feb 2009 Last Revised: 07 Oct 2021
Markus K. Brunnermeier and Motohiro Yogo
Princeton University - Department of Economics and Princeton University - Department of Economics
Downloads 86 (365,112)
Citation 1

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12.
Downloads 877 ( 34,189)
Citation 1,221

Market Liquidity and Funding Liquidity

NYU Working Paper No. SC-AM-05-06
Number of pages: 47 Posted: 03 Nov 2008
Markus K. Brunnermeier and Lasse Heje Pedersen
Princeton University - Department of Economics and AQR Capital Management, LLC
Downloads 692 (46,625)
Citation 28

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Liquidity Risk Management, Liquidity, Liquidation, Systemic Risk, Leverage, Margins, Haircuts

Market Liquidity and Funding Liquidity

NBER Working Paper No. w12939
Number of pages: 48 Posted: 24 Feb 2007 Last Revised: 10 May 2021
Lasse Heje Pedersen and Markus K. Brunnermeier
AQR Capital Management, LLC and Princeton University - Department of Economics
Downloads 169 (221,527)
Citation 45

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Market Liquidity and Funding Liquidity

CEPR Discussion Paper No. DP6179
Number of pages: 50 Posted: 20 May 2008
Markus K. Brunnermeier and Lasse Heje Pedersen
Princeton University - Department of Economics and AQR Capital Management, LLC
Downloads 16 (694,497)
Citation 205
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Counterparty credit risk, leverage, liquidity risk management, margins, systemic risk, value-at-risk

Market Liquidity and Funding Liquidity

The Review of Financial Studies, Vol. 22, Issue 6, pp. 2201-2238, 2009
Posted: 01 Jun 2009
Markus K. Brunnermeier and Lasse Heje Pedersen
Princeton University - Department of Economics and AQR Capital Management, LLC

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13.
Downloads 835 ( 36,598)
Citation 175

Predatory Trading

Number of pages: 36 Posted: 22 Apr 2003
Lasse Heje Pedersen and Markus K. Brunnermeier
AQR Capital Management, LLC and Princeton University - Department of Economics
Downloads 505 (69,857)
Citation 2

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Predatory Trading

NYU Working Paper No. FIN-03-042
Number of pages: 43 Posted: 11 Nov 2008
Markus K. Brunnermeier and Lasse Heje Pedersen
Princeton University - Department of Economics and AQR Capital Management, LLC
Downloads 145 (252,004)
Citation 11

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Predation, Valuation, Liquidity, Risk Management, Systemic Risk

Predatory Trading

NBER Working Paper No. w10755
Number of pages: 56 Posted: 27 Sep 2004 Last Revised: 23 May 2021
Lasse Heje Pedersen and Markus K. Brunnermeier
AQR Capital Management, LLC and Princeton University - Department of Economics
Downloads 103 (324,896)
Citation 12

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Predatory Trading

NYU Working Paper No. S-DRP-03-14
Number of pages: 43 Posted: 07 Nov 2008
Markus K. Brunnermeier and Lasse Heje Pedersen
Princeton University - Department of Economics and AQR Capital Management, LLC
Downloads 55 (466,580)

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Predation, Valuation, Liquidity, Risk Management, Systemic Risk

Predatory Trading

Number of pages: 58 Posted: 18 Nov 2004
Lasse Heje Pedersen and Markus K. Brunnermeier
AQR Capital Management, LLC and Princeton University - Department of Economics
Downloads 27 (610,836)
Citation 19
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Dealer exit stress test, liquidity crisis, predation, valuation, liquidity, risk management, systemic risk

14.

Risk Topography

Number of pages: 31 Posted: 30 Apr 2011 Last Revised: 07 Jun 2011
Markus K. Brunnermeier, Gary B. Gorton and Arvind Krishnamurthy
Princeton University - Department of Economics, Yale School of Management and Northwestern University - Kellogg School of Management
Downloads 769 (40,966)
Citation 29

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Measurement, Systemic Risk, Liquidity

15.
Downloads 689 ( 47,505)
Citation 4

Leadership, Coordination and Mission-Driven Management

AFA 2009 San Francisco Meetings Paper
Number of pages: 44 Posted: 17 Mar 2008
Patrick Bolton, Markus K. Brunnermeier and Laura Veldkamp
Columbia Business School - Department of Economics, Princeton University - Department of Economics and Columbia University - Columbia Business School
Downloads 611 (54,969)
Citation 6

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leadership, CEO overconfidence, coordination games

Leadership, Coordination and Mission-Driven Management

NBER Working Paper No. w14339
Number of pages: 44 Posted: 15 Sep 2008 Last Revised: 06 Sep 2021
Patrick Bolton, Markus K. Brunnermeier and Laura Veldkamp
Columbia Business School - Department of Economics, Princeton University - Department of Economics and Columbia University - Columbia Business School
Downloads 78 (387,404)

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16.

Carry Trades and Currency Crashes

NBER Working Paper No. w14473
Number of pages: 36 Posted: 19 Jul 2012 Last Revised: 19 Jul 2021
Markus K. Brunnermeier, Stefan Nagel and Lasse Heje Pedersen
Princeton University - Department of Economics, University of Chicago - Booth School of Business and AQR Capital Management, LLC
Downloads 668 (49,516)
Citation 50

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17.
Downloads 561 ( 61,874)
Citation 71

The Sovereign-Bank Diabolic Loop and Esbies

American Economic Review, Vol. 6, No. 5, May 2016, HEC Paris Research Paper No. FIN-2016-1133, Columbia Business School Research Paper No. 16-12
Number of pages: 14 Posted: 25 Jan 2016 Last Revised: 14 Jun 2016
Princeton University - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 535 (64,920)
Citation 7

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diabolic loop, sovereign debt crisis, government default, bank default, bailout, ESBies

The Sovereign-Bank Diabolic Loop and Esbies

NBER Working Paper No. w21993
Number of pages: 16 Posted: 15 Feb 2016 Last Revised: 06 Aug 2021
Princeton University - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 25 (625,108)
Citation 10

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The Sovereign-Bank Diabolic Loop and ESBies

CEPR Discussion Paper No. DP11317
Number of pages: 17 Posted: 13 Jun 2016
Princeton University - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 1 (829,046)
Citation 36
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bailout, bank default, diabolic loop, ESBies, government default, sovereign debt crisis

18.

The COVID-19 Pandemic and Business Law: A Series of Posts from the Oxford Business Law Blog

Oxford Legal Studies Research Paper No. 15/2020
Number of pages: 34 Posted: 15 Apr 2020
Leiden University - Leiden Law School, Princeton University - Department of Economics, University of Oxford - Faculty of Law, University of Oxford Faculty of Law, Singapore Management University - Yong Pung How School of Law, Columbia Law School, SciencesPo - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE) and University of Oxford - Faculty of Law
Downloads 551 (63,307)
Citation 1

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COVID-19, Financial crisis, Financial regulation, Corporate governance, Insolvency law

19.

Banks' Non-Interest Income and Systemic Risk

Review of Corporate Finance Studies (2020), 9(2):229-255.
Number of pages: 33 Posted: 14 Feb 2019 Last Revised: 20 Jul 2020
Markus K. Brunnermeier, G. Nathan Dong and Darius Palia
Princeton University - Department of Economics, Boston College - Department of Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 436 (84,203)
Citation 20

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Systemic Risk, Banks, Non-Interest Income, Risk-Spillover, Capital Requirements

20.

Micro-Evidence From a System-Wide Financial Meltdown: The German Crisis of 1931

Number of pages: 58 Posted: 15 Aug 2019 Last Revised: 16 Jun 2020
Kristian Blickle, Markus K. Brunnermeier and Stephan Luck
Federal Reserve Banks - Federal Reserve Bank of New York, Princeton University - Department of Economics and Federal Reserve Bank of New York
Downloads 357 (105,975)
Citation 5

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bank runs, financial crisis, banking panics, banking regulation

21.

Liquidity Mismatch Measurement

Number of pages: 23 Posted: 19 Dec 2014
Markus K. Brunnermeier, Arvind Krishnamurthy and Gary B. Gorton
Princeton University - Department of Economics, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 356 (106,323)
Citation 20

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Liquidity, liquidity mismatch

Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation

Number of pages: 34 Posted: 28 Feb 2005
Markus K. Brunnermeier and Stefan Nagel
Princeton University - Department of Economics and University of Chicago - Booth School of Business
Downloads 252 (152,638)
Citation 30

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Household portfolio choice, risk aversion, panel data

Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation

NBER Working Paper No. w12809
Number of pages: 46 Posted: 05 Jan 2007 Last Revised: 03 Jul 2010
Stefan Nagel and Markus K. Brunnermeier
University of Chicago - Booth School of Business and Princeton University - Department of Economics
Downloads 66 (425,691)
Citation 39

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Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns

Number of pages: 33 Posted: 30 Mar 2007
Markus K. Brunnermeier, Christian Gollier and Jonathan A. Parker
Princeton University - Department of Economics, University of Toulouse 1 - Industrial Economic Institute (IDEI) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 273 (140,618)
Citation 3

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portfolio choice, asset pricing, expectations, heterogeneous beliefs, optimal

Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns

NBER Working Paper No. w12940
Number of pages: 34 Posted: 24 Feb 2007 Last Revised: 12 May 2021
Markus K. Brunnermeier, Christian Gollier and Jonathan A. Parker
Princeton University - Department of Economics, University of Toulouse 1 - Industrial Economic Institute (IDEI) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 33 (572,929)
Citation 17

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Optimal Beliefs, Asset Prices and the Preference for Skewed Returns

CEPR Discussion Paper No. DP6181
Number of pages: 36 Posted: 20 May 2008
Markus K. Brunnermeier, Christian Gollier and Jonathan A. Parker
Princeton University - Department of Economics, University of Toulouse 1 - Industrial Economic Institute (IDEI) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2 (815,838)
Citation 34
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Belief biases, heterogeneous beliefs, optimal expectations, skewness

24.
Downloads 270 (142,967)
Citation 21

International Credit Flows and Pecuniary Externalities

CESifo Working Paper Series No. 5170
Number of pages: 52 Posted: 04 Feb 2015
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Princeton University
Downloads 249 (154,519)

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credit flows, capital flows, sudden stops, pecuniary externalities, hot money, Phoenix Miracle, terms of trade hedge

International Credit Flows and Pecuniary Externalities

NBER Working Paper No. w20803
Number of pages: 52 Posted: 05 Jan 2015
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Stanford GSB
Downloads 19 (670,805)
Citation 1

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International Credit Flows and Pecuniary Externalities

CEPR Discussion Paper No. DP10339
Number of pages: 53 Posted: 23 Jan 2015
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Princeton University
Downloads 2 (815,838)
Citation 8
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hot money, international capital flows, international credit flows, pecuniary externalities, sudden stops, terms of trade hedge

25.
Downloads 244 (158,099)
Citation 24

Predatory Short Selling

Review of Finance (2014), 18(6): 2153-2195, Columbia Business School Research Paper No. 13-29
Number of pages: 34 Posted: 10 Apr 2013 Last Revised: 10 Dec 2015
Markus K. Brunnermeier and Martin Oehmke
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 221 (173,528)

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short selling, predatory trading, financial institutions, leverage constraints

Predatory Short Selling

NBER Working Paper No. w19514
Number of pages: 52 Posted: 11 Oct 2013 Last Revised: 28 Apr 2021
Markus K. Brunnermeier and Martin Oehmke
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 23 (639,949)
Citation 11

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26.

Macroeconomics with Financial Frictions: A Survey

NBER Working Paper No. w18102
Number of pages: 96 Posted: 01 Jun 2012 Last Revised: 19 Jun 2021
Markus K. Brunnermeier, Thomas M. Eisenbach and Yuliy Sannikov
Princeton University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of New York and Stanford GSB
Downloads 242 (159,309)
Citation 30

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27.
Downloads 208 (184,039)
Citation 68

A Welfare Criterion for Models with Distorted Beliefs

Number of pages: 48 Posted: 15 Mar 2012
Markus K. Brunnermeier, Alp Simsek and Wei Xiong
Princeton University - Department of Economics, Massachusetts Institute of Technology (MIT) - Department of Economics and Princeton University - Department of Economics
Downloads 175 (214,828)
Citation 5

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A Welfare Criterion for Models with Distorted Beliefs

NBER Working Paper No. w20691
Number of pages: 55 Posted: 24 Nov 2014
Markus K. Brunnermeier, Alp Simsek and Wei Xiong
Princeton University - Department of Economics, Massachusetts Institute of Technology (MIT) - Department of Economics and Princeton University - Department of Economics
Downloads 33 (572,929)
Citation 16

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28.

Clock Games: Theory and Experiments

Number of pages: 56 Posted: 05 Feb 2005
John Morgan and Markus K. Brunnermeier
University of California, Berkeley - Economic Analysis & Policy Group and Princeton University - Department of Economics
Downloads 184 (205,623)
Citation 5

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Clock games, experiments, currency attacks, bubbles, polutical revolution

29.

Inverse Selection

Number of pages: 35 Posted: 21 May 2020
Markus K. Brunnermeier, Rohit Lamba and Carlos Segura-Rodriguez
Princeton University - Department of Economics, Pennsylvania State University - College of the Liberal Arts and Central Bank of Costa Rica
Downloads 155 (237,995)
Citation 4

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Insurance, Big Data, Informed Principal, Belief Gap, Price Discrimination

30.
Downloads 133 (268,911)
Citation 13

ESBies: Safety in the Tranches

CFS Working Paper, No. 537
Number of pages: 55 Posted: 06 Oct 2016 Last Revised: 11 Jan 2018
Princeton University - Department of Economics, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University Graduate School of Business and London School of Economics
Downloads 94 (345,011)
Citation 17

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ESBies: Safety in the Tranches

Prepared for the 64th Panel Meeting of Economic Policy, 14-15 October 2016
Number of pages: 52 Posted: 21 Sep 2016
Princeton University - Department of Economics, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University Graduate School of Business and London School of Economics
Downloads 39 (539,664)
Citation 2

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ESBies, safe assets, sovereign debt, default, sovereign exposures, diabolic loop, tranching, pooling

ESBies: Safety in the Tranches

CEPR Discussion Paper No. DP11537
Number of pages: 55 Posted: 03 Oct 2016
Princeton University - Department of Economics, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University Graduate School of Business and London School of Economics
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bank-sovereign loop, ESBies, Euro crisis, monetary policy, public debt issuance, safe assets

31.
Downloads 113 (302,845)
Citation 37

On the Equivalence of Private and Public Money

CESifo Working Paper No. 7741
Number of pages: 31 Posted: 24 Oct 2019
Markus K. Brunnermeier and Dirk Niepelt
Princeton University - Department of Economics and Swiss National Bank - Study Center Gerzensee
Downloads 96 (340,419)
Citation 4

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Money Creation, Monetary System, Inside Money, Outside Money, Equivalence, CBDC, Chicago Plan, Sovereign Money

On the Equivalence of Private and Public Money

NBER Working Paper No. w25877
Number of pages: 30 Posted: 28 May 2019 Last Revised: 16 Sep 2021
Markus K. Brunnermeier and Dirk Niepelt
Princeton University - Department of Economics and Swiss National Bank - Study Center Gerzensee
Downloads 15 (702,623)
Citation 1

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On the Equivalence of Private and Public Money

CEPR Discussion Paper No. DP13778
Number of pages: 31 Posted: 11 Jun 2019
Markus K. Brunnermeier and Dirk Niepelt
Princeton University - Department of Economics and Swiss National Bank - Study Center Gerzensee
Downloads 2 (815,838)
Citation 32
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CBDC, Chicago Plan, equivalence, Inside money, monetary system, money creation, outside money, sovereign money

32.

Do Complex Economies Require Complex Financial Systems?

46th Annual AREUEA Conference Paper
Number of pages: 1 Posted: 01 Dec 2010
Douglas T. Breeden, Chester S. Spatt, Markus K. Brunnermeier and Albert S. Kyle
Duke University Fuqua School of Business, Carnegie Mellon University - David A. Tepper School of Business, Princeton University - Department of Economics and University of Maryland
Downloads 110 (308,619)

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33.

Optimal Expectations

NBER Working Paper No. w10707
Number of pages: 47 Posted: 14 Sep 2004 Last Revised: 07 Oct 2021
Jonathan A. Parker and Markus K. Brunnermeier
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 102 (324,812)
Citation 72

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34.
Downloads 87 (359,263)
Citation 101

Money Illusion and Housing Frenzies

NBER Working Paper No. w12810
Number of pages: 48 Posted: 05 Jan 2007 Last Revised: 04 Jul 2021
Christian Julliard and Markus K. Brunnermeier
London School of Economics & Political Science (LSE) - Department of Finance and Princeton University - Department of Economics
Downloads 83 (373,217)
Citation 3

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Money Illusion and Housing Frenzies

CEPR Discussion Paper No. DP6183
Number of pages: 50 Posted: 20 May 2008
Markus K. Brunnermeier and Christian Julliard
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 4 (796,425)
Citation 11
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Behavioural finance, housing, inflation illusion, interest rate, money illusion, mortgages, real estate

Money Illusion and Housing Frenzies

The Review of Financial Studies, Vol. 21, Issue 1, pp. 135-180, 2008
Posted: 26 Jun 2008
Markus K. Brunnermeier and Christian Julliard
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance

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35.
Downloads 70 (407,279)
Citation 8

Blockchain Economics

NBER Working Paper No. w25407
Number of pages: 84 Posted: 31 Dec 2018 Last Revised: 04 Jun 2021
Joseph Abadi and Markus K. Brunnermeier
Princeton University and Princeton University - Department of Economics
Downloads 67 (422,186)

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Blockchain Economics

CEPR Discussion Paper No. DP13420
Number of pages: 86 Posted: 07 Jan 2019
Joseph Abadi and Markus K. Brunnermeier
Princeton University and Princeton University - Department of Economics
Downloads 3 (805,194)
Citation 6
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Blockchain Economics, cryptocurrencies, Digital Currencies, distributed ledger technology, Fintech

36.
Downloads 65 (423,609)
Citation 18

The I Theory of Money

NBER Working Paper No. w22533
Number of pages: 65 Posted: 22 Aug 2016 Last Revised: 28 Jul 2021
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Stanford GSB
Downloads 65 (429,163)

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The I Theory of Money

CEPR Discussion Paper No. DP11444
Number of pages: 67 Posted: 22 Aug 2016
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Stanford GSB
Downloads 0
Citation 12
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(Inside) Money, Endogenous Risk Dynamics, Financial Frictions., Monetary Economics, Paradox of Prudence

37.

The Digitalization of Money

NBER Working Paper No. w26300
Number of pages: 33 Posted: 23 Sep 2019 Last Revised: 13 May 2021
Markus K. Brunnermeier and Harold James
Princeton University - Department of Economics and Princeton University - Department of History
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Citation 6

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38.
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Citation 13

Macro, Money and Finance: A Continuous Time Approach

NBER Working Paper No. w22343
Number of pages: 57 Posted: 13 Jun 2016 Last Revised: 21 Jul 2021
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Stanford GSB
Downloads 53 (474,562)
Citation 1

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Macro, Money and Finance: A Continuous Time Approach

CEPR Discussion Paper No. DP11329
Number of pages: 59 Posted: 20 Jun 2016
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Princeton University
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Citation 6
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(Inside) Money, Endogenous Risk Dynamics, Financial Frictions, Macroeconomic Modeling, Monetary Economics, Paradox of Prudence, Volatility Paradox

39.
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A Crash Course on the Euro Crisis

NBER Working Paper No. w26229
Number of pages: 52 Posted: 09 Sep 2019 Last Revised: 02 Sep 2021
Markus K. Brunnermeier and Ricardo Reis
Princeton University - Department of Economics and London School of Economics & Political Science (LSE)
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A Crash Course on the Euro Crisis

CEPR Discussion Paper No. DP14016
Number of pages: 54 Posted: 07 Oct 2019
Markus K. Brunnermeier and Ricardo Reis
Princeton University - Department of Economics and London School of Economics & Political Science (LSE)
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Amplification, Euro crisis, financial crisis, Pecuniary externalities, safe asset, shadow banking, systemic risk, teaching

40.

An Economic Model of the Planning Fallacy

NBER Working Paper No. w14228
Number of pages: 41 Posted: 18 Aug 2008 Last Revised: 19 May 2021
Markus K. Brunnermeier, Filippos Papakonstantinou and Jonathan A. Parker
Princeton University - Department of Economics, King's College London and Massachusetts Institute of Technology (MIT) - Sloan School of Management
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41.

China&Apos;S Gradualistic Economic Approach and Financial Markets

NBER Working Paper No. w23194
Number of pages: 14 Posted: 27 Feb 2017 Last Revised: 17 May 2021
Markus K. Brunnermeier, Michael Sockin and Wei Xiong
Princeton University - Department of Economics, University of Texas at Austin - Red McCombs School of Business and Princeton University - Department of Economics
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Citation 10

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42.

The Maturity Rat Race

NBER Working Paper No. w16607
Number of pages: 38 Posted: 18 Dec 2010 Last Revised: 19 May 2021
Markus K. Brunnermeier and Martin Oehmke
Princeton University - Department of Economics and London School of Economics & Political Science (LSE) - Department of Finance
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Citation 29

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43.
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Citation 4

Asset Price Bubbles and Systemic Risk

NBER Working Paper No. w25775
Number of pages: 83 Posted: 30 Apr 2019 Last Revised: 06 Jun 2021
Markus K. Brunnermeier, Simon C. Rother and Isabel Schnabel
Princeton University - Department of Economics, Copenhagen Business School and University of Bonn - Institute for Financial Economics and Statistics
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Asset Price Bubbles and Systemic Risk

CEPR Discussion Paper No. DP12362
Number of pages: 59 Posted: 16 Oct 2017
Markus K. Brunnermeier, Simon C. Rother and Isabel Schnabel
Princeton University - Department of Economics, Copenhagen Business School and University of Bonn - Institute for Financial Economics and Statistics
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Asset price bubbles, CoVaR, Credit Booms, Financial crises, systemic risk

44.

Optimal Expectation

Number of pages: 49 Posted: 03 Dec 2004
Jonathan A. Parker and Markus K. Brunnermeier
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
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Expectation, heterogenous beliefs, belief biases, consumption, saving, portfolio choice, overconfidence, gambling

The Fiscal Theory of the Price Level with a Bubble

CESifo Working Paper No. 8278
Number of pages: 22 Posted: 14 May 2020
Markus K. Brunnermeier, Sebastian Merkel and Yuliy Sannikov
Princeton University - Department of Economics, Princeton University and Stanford GSB
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The Fiscal Theory of the Price Level with a Bubble

CEPR Discussion Paper No. DP14680
Number of pages: 22 Posted: 08 May 2020
Markus K. Brunnermeier, Sebastian Merkel and Yuliy Sannikov
Princeton University - Department of Economics, Princeton University and Stanford GSB
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Fiscal policy, Monetary Economics

46.

The Reversal Interest Rate

NBER Working Paper No. w25406
Number of pages: 42 Posted: 31 Dec 2018 Last Revised: 03 Jun 2021
Markus K. Brunnermeier and Yann Koby
Princeton University - Department of Economics and Princeton University
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Citation 14

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47.

On the Optimal Inflation Rate

NBER Working Paper No. w22133
Number of pages: 20 Posted: 04 Apr 2016 Last Revised: 24 Jun 2021
Markus K. Brunnermeier and Yuliy Sannikov
Princeton University - Department of Economics and Stanford GSB
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48.

Assessing Contagion Risks from the CDS Market

ESRB: Occasional Paper Series No. 2013/04
Number of pages: 46 Posted: 05 Nov 2020
Princeton University - Department of Economics, Banque de France, affiliation not provided to SSRN, Banque de France, European Securities and Markets Authority, Deutsche Bundesbank, European Systemic Risk Board, Deutsche Bundesbank, European Central Bank (ECB) and HEC Paris - Finance Department
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CDS, contagion, systemic risk, derivatives

49.

ESBies: Safety in the Tranches

ESRB: Working Paper Series No. 2016/21
Number of pages: 54 Posted: 05 Nov 2020
Princeton University - Department of Economics, European Central Bank, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University Graduate School of Business and London School of Economics
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Citation 9

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European Safe Bonds, safe assets, sovereign risk

A Global Safe Asset for and from Emerging Market Economies

NBER Working Paper No. w25373
Number of pages: 56 Posted: 26 Dec 2018 Last Revised: 01 May 2021
Markus K. Brunnermeier and Lunyang Huang
Princeton University - Department of Economics and Princeton University
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A Global Safe Asset for and from Emerging Market Economies

CEPR Discussion Paper No. DP13387
Number of pages: 58 Posted: 17 Dec 2018
Markus K. Brunnermeier and Lunyang Huang
Princeton University - Department of Economics and Princeton University
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Capital Flows, Flight to safety, SBBS, sovereign bond backed securities, sudden stop

51.

Bubbles and Central Banks: Historical Perspectives

CEPR Discussion Paper No. DP10528
Number of pages: 67 Posted: 09 Apr 2015
Markus K. Brunnermeier and Isabel Schnabel
Princeton University - Department of Economics and University of Bonn - Institute for Financial Economics and Statistics
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Citation 14
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bubbles, capital flows, credit, macroprudential policy, monetary policy

52.

China&Apos;S Model of Managing the Financial System

NBER Working Paper No. w27171
Number of pages: 53 Posted: 18 May 2020 Last Revised: 07 Oct 2021
Markus K. Brunnermeier, Michael Sockin and Wei Xiong
Princeton University - Department of Economics, University of Texas at Austin - Red McCombs School of Business and Princeton University - Department of Economics
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Citation 2
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53.

The Fiscal Theory of Price Level with a Bubble

NBER Working Paper No. w27116
Number of pages: 21 Posted: 12 May 2020 Last Revised: 05 Aug 2021
Markus K. Brunnermeier, Sebastian Merkel and Yuliy Sannikov
Princeton University - Department of Economics, Princeton University and Stanford GSB
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54.

Prices, Price Processes, Volume and Their Information - a Survey of the Market Microstructure Literature -

Financial Markets Group, LSE Working Paper No. DP 270
Posted: 16 May 1998
Markus K. Brunnermeier
Princeton University - Department of Economics

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