NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Macroeconomics with Financial Frictions: A Survey

Markus K. Brunnermeier, Thomas M. Eisenbach, Yuliy Sannikov

NBER Working Paper No. 18102
Issued in May 2012

---- Acknowledgements -----

For helpful comments and discussion we would like to thank Dong Beom Choi, Wei Cui, Peter DeMarzo, Delwin Olivan, Ricardo Reis, the participants of the 2010 Econometric Society World Congress in Shanghai and the participants of the 2010 macro-finance reading group at Princeton University. Brunnermeier acknowledges generous support through a Guggenheim Fellowship. The views expressed in the paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Markus K. Brunnermeier -----

Markus K. Brunnermeier: Disclosure of Interest

2010-2012/05

As a guiding principle I follow the NBER Research Disclosure Policy: http://www.nber.org/researchdisclosurepolicy.html

To date, no single relationship (other than my salary form Princeton University) has accounted for more than 10 percent of my aggregate annual income in that year.

Significant Remunerated Activities:

• Speaking engagements and lectures

o Stifterverband der Deutschen Wirtschaft, 2012

o Ambrosetti – The European House, 2011

o Center for Investor Education, 2011

o Wim Duisenberg School of Finance, 2010

o Handelsbanken, 2010

o Deutsche Bank, 2010

o FEBRABAN, Brazil, 2009

• Central banks

ECB, ESRB, Bank of England, National Bank of Austria, Swiss National Bank, Bank of Japan, Federal Reserve, New York Fed, Bank of Canada, Bank of Chile, Bank of Korea,

• International financial institution

IMF

• No expert testimony for law suits or paid consulting work for private cooperation to date.

Research Grants:

• Sloan Foundation 2011-12

• Guggenheim Fellowship, 2010-11

• University of Chicago, T.W. Schultz Prize and Lecture, 2010

• INQUIRE Europe, Research Grant

Visiting Scholar and Other:

• Milton Friedman Institute, visiting scholar 2011

• American Economic Review, Journal of Finance, Associated Editorship

Significant Non-Compensated Activities:

• American Finance Association: Director

• Financial Advisory Roundtable and Monetary Policy Panel, Federal Reserve Bank of New York, 2006 – present

• INET Advisory Board Member, 2009 – present

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