Professor
@PrincetonEcon
, Director of
@PrincetonBCF
, Research on Macro, Money, and Finance, Author "The Resilient Society" and "A Crash Course on Crises"
PhD class "Modern Macro, Money and International Finance: A Heterogeneous Agents Continuous Time Approach" teaches step-by-step solution methods ...
LINK to Syllabus
Class starts tomorrow!
Just received my new book "A Crash Courses on Crises" with
@R2Rsquared
from
@PrincetonUPress
A perfect teaching companion for "Intermediate Macro" or "Money and Banking" course.
GPT User's Guide for Economists:
There has been a lot of interest in Kevin Bryan's talk on using
#GPT4
and LLMs for economic research, so we compiled a User's Guide with all of his best practices and guidance.
#econtwitter
You can find it here
A Crash Course on Financial Crises -- new paper for undergraduate teaching in macro & finance --
7 theory concept + 7 Euro crisis applications
with
@R2Rsquared
Paper + 7 sets of PowerPoint slides + data:
Example 1: Amplification, Multiplicity
📺Special Webinar "Will Biden Stimulus lead to Inflation? A conversation between
@LHSummers
and
@paulkrugman
"
📅 Friday, 12:30 pm (ET)
✍️ register on for zoom participation
(overflow on YouTube)
My PhD adviser Margaret showed me all the hidden treasures of Cambridge University history, starting the place where Issac Newton measured the speed of sound.
R.I.P. Harry Markowitz - inventor of modern portfolio theory (now part of any finance course)
Masters of Finance Interview by American Finance Association
@JofFinance
Nice NYTimes Article:
US and Euro area firms are funded so differently. Europe is much more bank dependent. This has large implication on central bank/fiscal policy programs. Chart via Torsten Slok.
Ph.D. students in economics, finance, and related fields looking for an intensive online course teaching advanced continuous time tools, the online (flipped classroom) macro-finance course
Find all the details on applying and outcomes at .
#PrincetonU
#GameStop
stock price rise and volatility:
#shortsqueeze
is a special form of Predatory Trading (see my paper
@JofFinance
with Lasse Pedersen)
Historical short squeezes
Selfie with Tom Sargent at the Bank of Korea conference in Seoul
@BOK_newsletter
after my presentation “the international monetary system and safe assets”
Picture taken before my Keynes Lecture
@Cambridge_Uni
“The International Monetary System and Safe Assets” Slides and video follow. Quiz question: which college was this picture taken?
Enjoyed to participate at the Pontifical Academy of Social Sciences in Vatican gardens. Talked about the debt challenges of Global South and international financial architecture distortions due asymmetric supply of
#SafeAssets
. It was my great honor to meet Pope Francis.
BREAKING NEWS:
The Royal Swedish Academy of Sciences has decided to award the 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig “for research on banks and financial crises.”
#NobelPrize
MACROFINANCE 2024 online summer school on starting end of next week.
Lectures: videos to watch on your own
Review session: live on zoom
If interested, send email to jessicab
@princeton
.edu
Princeton Initiative 2021: 3 days of Macro, Money and International Finance
for PhD students (at or after 2nd year).
taught by, Yuliy Sannikov, Chris Sims,
@AtifRMian
,
Harold James, Moto Yogo, Moritz Lenel, Jonathan Payne, ...
I am grateful to the
@LEStiftung
for granting me the Ludwig Erhard Prize. Special thanks to
@theresiatheurl
for "laudatio".
The theme of my "acceptance speech" (Dankesrede in German) is "Resilience for All", a play on Ludwig Erhard's "Wealth for All", see
Last week at
#MarkusAcademy
we had
@StanfordGSB
Prof. Chad Jones
@ChadJonesEcon
to discuss his new paper on A.I.: “The A.I. Dilemma: Growth versus Existential Risk.” A thread with the highlights 👇👇1/5
Webinar with Olivier
@ojblanchard1
"Rethinking Fiscal and Monetary Policy post Covid"
📅WEDNESDAY, 12:30 pm (ET), (18:30 European time)
✍️Register:
#EconTwitter
"Bis zum 30.09.2020 setzen wir die Insolvenzantragspflicht für betroffene Unternehmen aus. Mit diesem Schritt tragen wir dazu bei, die Folgen des Ausbruchs für die Realwirtschaft abzufedern", sagt BM Christine Lambrecht.
#COVID19de
#Coronavirus
Economics of
#coronavirus
The hoarding of crucial goods (like face masks) is like a bank run, potentially good for you, but bad for the group.
Crucial difference?
Bankrun: Central banks can easily produce liquidity
Hoarding: Gov. can’t produce face masks as easily as liquidity
I am very grateful to the University of Regensburg, my alma mater, for granting me a honorary doctor degree, Dr. honoris causa. Thanks for a wonderful event on 20. July 2022. (Photos to follow.)
Brunnermeier mit Ehrendoktorwürde geehrt via
@mz_de
At
#MarkusAcademy
we had
@MITEcon
Daron Acemoglu
@DAcemogluMIT
to discuss his new book with Simon Johnson
@baselinescene
: “Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity.” A thread with the highlights 👇👇1/6
New AFA Journal "Journal of Finance: Insights and Perspectives" accepts new short papers from Sept 23 onwards. In-or-out decisions, no R&R,
Great editorial team:
@rkoijen
, Paola Sapienza,
@stroebel_econ
More innovations to come ...
CONGRATS to Bernanke (hired me
@princetonecon
), Gertler (research friend), Kiyotaki (neighbor) and Moore (co-advisor
@lseecon
) for wining
@BBVAResearch
Frontier Award in Macro-finance
Fascinating chart. Could also be that interest rate was too low before the hike allowing for risk buildup. See “Asset Price Bubbles and Systemic Risk” with S Rother and
@Isabel_Schnabel
link:
@HannoLustig
gives keynote on „Exorbitant Privilege of Gained and Lost”
@CESifoNetwork
conference: Macro, Money, and International Finance in Munich today
@ifo_Institut
"The Reversal Interest Rate": Excited to see it published the AER (
@AEAjournals
).
Interest rate cut reduces banks' Net Interest Margins (franchise value) + leads to short-lived capital gains.
Current interest rise show the same, just in opposite direction.
#SVB
crisis
@YannKoby
🦠
#CoronaCrisis
crisis & European Economy: (1/6)
What's good for 🇩🇪Germany, should be good for 🇪🇺Europe
German initiative of
(a) Kurzarbeit (gov. covers part of wage bill) [transfers to firms/workers] and
(b) Liquidity bazooka = low-interest credit for debt re-payment
#JacksonHole
Economic Policy Symposium 2021:
I am looking forward to my panel discussion chaired by
@drlisadcook
I will make my SLIDES available right after my presentation.
via
@KansasCityFed