Charlie Rose

Guests: Markus Brunnermeier RSS

2008:

1. 

   A discussion about the Federal Reserve

   with Wei Xiong, Harrison Hong and Markus Brunnermeier on Aug 14, 2008

   Duration

   32 min

   Comments

   17 comments

   Rating

   * * * *

Markus K. Brunnermeier is the Edwards S. Sanford Professor at Princeton University. He is a 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 an academic consultant to 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, an associated editor of the Journal of Finance, the Review of Financial Studies and on the editorial board of the Journal of Financial Intermediation. His research spans economics and finance. He is primarily interested in studying financial crises and significant mispricings due to institutional frictions, strategic considerations, and behavioral trading. His work shows that a bubble can emerge and persist since rational sophisticated traders prefer to ride it rather than attack it. His research also explains why liquidity dries up when it is needed most and has important implications for risk management. His research on belief distortions proposes a shift away from the rational expectations paradigm towards “optimal expectations.” Source - http://www.princeton.edu/~markus/