Markus Brunnermeier wins Bernácer Prize

Markus Brunnermeier has received the 2008 Bernácer Prize for his research explaining the emergence and persistence of asset price bubbles, the causes of liquidity crises in financial markets, and the implications of these phenomena for risk management and for financial regulators.

Markus K. Brunnermeier is the Edwards S. Sanford Professor at Princeton University and a CEPR Research Fellow. He was awarded his Ph.D. by the London School of Economics and is a Sloan Research Fellow. He is one of the contributors to 'Macroeconomic Stability and Financial Regulation: Key Issues for the G20', edited by Mathias Dewatripoint, Xavier Freixas and Richard Portes, and one of the authors of 'The Fundamental Principles of Financial Regulation', the eleventh Geneva Report on the World Economy.

The Bernácer Prize is awarded annually to European economists under the age of 40, who have made outstanding contributions in the fields of macroeconomics and finance. Named in honour of Germán Bernácer (1883-1965), the first Spanish economist who made significant contributions to the development of macroeconomic research, the Bernácer Prize was established in 2001 to recognise the work of young economists from the European Union and to stimulate research on European macroeconomics and financial issues.