Markus K Brunnermeier

Biographic Data

ID1022599
NAMEMarkus K Brunnermeier
GIVEN NAMESMarkus K
FAMILY NAMEBrunnermeier
SIGNATUREBRUNNERMEIER M K
AFFILIATIONSPrinceton University
VERIFIEDNo
TOTAL WORKS7
TOTAL CITATIONS44
AUTHOR COUNT7
EDITOR COUNT0
FIRST PUBLICATION YEAR2003
LATEST PUBLICATION YEAR2024
H-INDEX2

  • Safe Assets

    Markus K Brunnermeier, Sebastian Merkel et al.ARTICLEJournal of Political Economy2024Cited by: 1References: 5

    This is the final version. Available from the University of Chicago Press via the DOI in this record

  • Beijing’s Bismarckian Ghosts: How Great Powers Compete Economically

    Markus K Brunnermeier, Markus Brunnermeier et al.ARTICLEThe Washington Quarterly2018Cited by: 3

    Great power competition is back. As China and the United States ramp up their strategic rivalry, the search is on for a vision of what their evolving great power competition will look like in a glo

  • CoVaR

    Tobias Adrian, Markus K BrunnermeierARTICLEAmerican Economic Review2016

    We propose a measure of systemic risk, Δ CoVaR, defined as the change in the value at risk of the financial system conditional on an institution being under distress relative to its median state. Our estimates show that characteristics such as leverage, size, maturity mismatch, and asset price booms significantly predict Δ CoVaR. We also provide out-of-sample forecasts of a countercyclical, forward-looking measure of systemic risk, and show that …

  • Market Liquidity and Funding Liquidity

    Markus K Brunnermeier, Leif Hemming Pedersen et al.ARTICLEReview of Financial Studies2009

    We provide a model that links an asset's market liquidity (i.e., the ease with which it is traded) and traders' funding liquidity (i.e., the ease with which they can obtain funding). Traders provide market liquidity, and their ability to do so depends on their availability of funding. Conversely, traders' funding, i.e., their capital and margin requirements, depends on the assets' market liquidity. We show that, under certain conditions, margins …

  • Deciphering the Liquidity and Credit Crunch 2007-2008

    Open AccessMarkus K BrunnermeierARTICLEThe Journal of Economic…2009Cited by: 40References: 23

    The financial market turmoil in 2007 and 2008 has led to the most severe financial crisis since the Great Depression and threatens to have large repercussions on the real economy. The bursting of the housing bubble forced banks to write down several hundred billion dollars in bad loans caused by mortgage delinquencies. At the same time, the stock market capitalization of the major banks declined by more than twice as much. While the overall mortg…

  • Optimal Expectations

    Markus K Brunnermeier, Jonathan A ParkerARTICLEAmerican Economic Review2005

    Forward-looking agents care about expected future utility flows, and hence have higher current felicity if they are optimistic. This paper studies utility-based biases in beliefs by supposing that beliefs maximize average felicity, optimally balancing this benefit of optimism against the costs of worse decision making. A small optimistic bias in beliefs typically leads to first-order gains in anticipatory utility and only second-order costs in re…

  • New Research in Financial Markets

    Open AccessMarkus K BrunnermeierARTICLEThe Economic Journal2003

    In the past decade finance has made advances along many dimensions. This book contains a collection of timely articles which span the evolving fields of asset pricing, market microstructure, speculation, and corporate finance. The articles were selected by two leading researchers with the goal of highlighting the main contributions of European academics in these fields. Besides helping the reader identify and categorise important papers, the main…