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 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. He is a Sloan Research Fellow and the recipient of the Bernácer Prize granted for outstanding contributions in the fields of macroeconomics and finance. His research focuses on financial crisis, bubbles and significant mispricings due to institutional frictions, strategic considerations, and behavioral trading. It explains why liquidity dries up when it is needed the most and has important implications for risk management and financial regulation. 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.
