Thursday, April 9, 2015
3:00 to 4:30pm
Elliott School of International Affairs
1957 E Street NW
Washington, DC 20052
Markus Brunnermeier is the Professor of Economics at Princeton University and Director of the Bendheim Center for Finance, also serving on several advisory groups including the IMF, the New York Federal Reserve, and the European Systemic Risk Board. He will join us to discuss “The I Theory of Money“: a project assessing the efficacy of an accommodative monetary policy on Fisher deflations and downturns for financial intermediaries. In particular, it can mitigate destabilizing adverse effects. Professor Brunnermeier will also focus on interest rate cuts and the moral hazard they can create. More generally, Brunnermeier researches financial markets, bubbles, liquidity, and monetary price stability, using models to incorporate friction and behavioral elements of global markets.