Nicholas Bloom, winner of 2012 Bernácer Prize

The Committee Members of the 2012 Bernácer Prize: Dr. Vitor Constancio (Chair); Prof. Juan J. Dolado (Secretary), Prof. Francesco Giavazzi, Prof. Jordi Galí, Prof. Edward C. Prescott, Prof. Eduardo Schwartz, Dr. José Viñals and Prof. Charles Wyplosz

have the pleasure of announcing that:

'The 2012 Bernácer Prize has been awarded to Prof. Nicholas Bloom (Stanford University) for his influential research contributions on the sources, dynamics and effects of policy and economic uncertainty on business cycles as well as on the determinants of good management practices”.

Lasse H. Pedersen, winner of 2011 Bernácer Prize

The Committee Members of the 2011 Bernácer Prize have the pleasure of announcing that:

'The 2011 Bernácer Prize has been awarded to Prof. Lasse H. Pedersen (Stern School of Business, NYU) for his original research contributions on how the interaction between market liquidity risk and funding liquidity risk can create liquidity spiral and systemic financial crisis'

Xavier Gabaix, winner of 2010 Bernácer Prize

The Committee Members of the 2010 Bernácer Prize have the pleasure of announcing that:

'The 2010 Bernácer Prize has been awarded to Xavier Gabaix (Stern School of Business, NYU) for his original research contributions in financial and behavioural economics, including the consequences of seemingly irrational behaviour on asset markets, and his analysis of the level of compensation of corporate executives'.

Call for nominations for the 2010 Bernácer Prize


T2010 Bernácer Prizehe 10th edition of the Bernácer Prize is launched. The Observatory of the BCE (OBCE) invites you to nominate candidates for the prize.

The Bernácer prize is awarded annually to recognise the work of young European economists and to encourage research on macroeconomic and financial issues. Nominations for the Bernácer Prize must be received by January 31, 2011.

Nominations must be sent by e- mail, under the title The 2010 BERNACER Prize to: info@obce.es

Emmanuel Farhi wins 2009 Bernácer Prize

The Committee of the 2009 Bernácer Prize has the pleasure of making the following announcement:

'The 2009 Bernácer Prize has been awarded to Prof. Emmanuel Farhi (Harvard University) for his relevant contributions to the design of optimal taxation in business cycle models with incomplete markets, and for improving our understanding of the macroeconomic mechanisms that underlie the relationships among global imbalances, financial crashes,  speculative growth episodes and real activity'.

Contact: info@obce.es