 Similarly, the faculty's empirical research on housing and theories incorporating financial frictions and the financial sector into macro and monetary models contributed to the Bendheim Center's outstanding reputation as these are at the heart of the rethinking of macroeconomics, monetary economics, financial regulation, and the international financial architecture triggered by the great recession.The Bendheim Center for Finance offers teaching and supervision to undergraduate and graduate students.The center has close ties with Princeton's Department of Economics.