Princeton Bendheim Center for Finance

BCF-affiliated faculty @random_walker shares the story behind writing "AI as Normal Technology", the paper that’s raising relevant questions and reshaping AI policy debate. Read the post for his reflections: bit.ly/3ZPAH8G

Markus’ Academy with @markuseconomist has nearly 150 webinars with insights on AI, capitalism, emerging markets, innovation, and more. Explore the archive: bit.ly/3M9TNO4

Can AI raise labor productivity by 0.7% per year? @haskelecon joined #MarkusAcademy with @MarkusEconomist to present new research on AI as a general-purpose technology, highlighting impacts on TFP, intangibles, and growth policy. Watch the talk: bit.ly/4mK00Ti

Why is debt central to today’s global economy, and what can we do about it? In this @nztreasury guest lecture, @AtifRMian breaks down debt dynamics, fiscal fragility, and what countries like NZ reveal about future risks. Full talk: bit.ly/4nPu3cY

What’s @random_walker reading this summer? From "Lovely One" to "Empire of AI", Narayanan’s picks span misinformation, sustainability, and the stories behind AI power. His own book, "AI Snake Oil," was published last fall. More here: bit.ly/3IwOISF

The @FT breaks down the “razor’s edge deficit” theory, drawn from research by @AtifRMian, Straub & Sufi, where government borrowing is key to stabilizing demand in a savings-glut world. A must-read macro lens: on.ft.com/4lqGf1M

Sanjeev Arora joined #MarkusAcademy, hosted by @MarkusEconomist, to discuss how AI models go beyond parroting learning, reasoning, and even self-improving. From synthetic data to metacognition, watch highlights from the talk: bit.ly/3Hh6pFd

Take a look at where our 2025 Master in Finance grads are headed. From quant research to trading, our students are building careers at top firms worldwide. Learn more about our career development and recruiting: bit.ly/3LMjunA

In her Markus’ Academy talk with @MarkusEconomist, Yale’s @PennyG_Yale examined the promise and pitfalls of industrial policy in a globalized world, spanning EVs, semiconductors, export controls, and more. Watch the full event: bit.ly/44jrwim

New from BCF’s Daniel Chen in American Economic Review: Insights - a study on how agents acquire information when balancing speed vs. predictability in belief updates, titled "Information Acquisition and Time-Risk Preference." Read more: bit.ly/4jSPzu9

CIRM hosted a May conference in Marseille honoring René Carmona for his pioneering work in stochastic analysis, mean-field games, and mathematical finance. Learn more: bit.ly/4kCUSii

BCF’s June 2025 newsletter recaps a packed month: Graduation and Class Day celebrations for the Class of 2025, faculty and student awards, a finance and policy trip to NYC, Markus Brunnermeier’s latest award, and Magnus Irie’s appointment. Read more: bit.ly/43X4PQP

William Dudley and Carolyn Wilkins joined @MarkusEconomist at Markus' Academy to discuss six insightful proposals for improving the Fed’s monetary policy framework. Watch and read the full summary here: bit.ly/4lS2RJp

Magnus Irie has been appointed Assistant Professor of Economics at @Princeton! After a year as the Pyewacket Fellow at BCF, Irie will continue his work on macro-finance, private assets, and wealth inequality. More on his research and appointment: bit.ly/3T6CphY

Congrats to BCF Director @MarkusEconomist on winning the 2025 Michael J. Brennan Best Paper Award for “Who Can Tell Which Banks Will Fail?” The paper sheds light on inter-bank liquidity during Germany’s 1931 banking crisis. Read more: bit.ly/4jDomvg

Today at 12:30 PM ET on #MarkusAcademy, @haskelecon joins @MarkusEconomist for a presentation on AI and productivity. Don't miss the live conversation. RSVP: bit.ly/4mK00Ti

This Thursday on #MarkusAcademy, join @haskelecon and @MarkusEconomist for a conversation on AI and productivity. Haskel is a Professor of Economics at @ImperialBiz and a member of the @BankofEngland's Monetary Policy Committee (2018-2024). RSVP: bit.ly/4mK00Ti

Apply now for the 2025 Macro, Money, & Finance Online Summer School (June 3–July 3). Taught by @MarkusEconomist and other leading scholars, the course covers advanced continuous-time modeling in macro, monetary, and international finance. Details: bit.ly/4mBrPgA

Today at 12:30 PM ET on #MarkusAcademy, Martin Chorzempa, a senior fellow at the Peterson Institute for International Economics, joins @MarkusEconomist for a conversation on the geopolitics of payments. RSVP now to watch live: bit.ly/4k9I02Y

These tigers have earned their stripes! Congratulations to our 2025 Master in Finance graduates as they prepare to enter the finance world and take it by storm. #Princeton25 #PrincetonU Read more about the celebration and our prize winners: bit.ly/3Z5YmkV