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Latest Working Papers

Browse recent working papers by Princeton IES faculty

All Working Papers

Money & Banking

Optimal (Un)Conventional Monetary Policy

Andrey AlexandrovMarkus Brunnermeier
Macrofinance

Strategic Money and Credit Ledgers

Finance

Exchange Rates, Natural Rates, and the Price of Risk

Rohan KekreMoritz Lenel

Published Papers

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All Published Papers

Insurance

Inverse selection

Markus BrunnermeierRohit LambaCarlos Segura-Rodriguez

American Economic Review: Insights

February 2026

Finance

Systemic Risk Measures: From the Panic of 1907 to the Banking Stress of 2023

Viral V. AcharyaMarkus BrunnermeierDiane Pierret

Annual Review of Financial Economics

November 2025

Macrofinance

The Debt-Inflation Channel of the German (Hyper-)inflation

Markus BrunnermeierSergio CorreiaStephan LuckEmil VernerTom Zimmermann

American Economic Review

July 2025