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'.
The Committee is made up of Prof. Lucas Papademos (Chair), Prof. Jordi Galí, Prof. Francesco Giavazzi, Prof. Edward. C. Prescott, Prof. Eduardo Schwartz, Dr. José Viñals, Prof. Charles Wyplosz and Prof. Juan J. Dolado (Secretary).
Background and Research Interests
Emmanuel Farhi grew up in France where he graduated in Mathematics and Economics at Ecole Normale Superieur in 2001. After receiving his PhD from MIT in 2005, he joined the Dept. of Economics at Harvard University as an Assistant Professor. His main fields of research are public and international economics. He has several influential publications in top journals in Economics like American Economic Review, Journal of Political Economy, Quarterly Journal of Economics and Review of Economic Studies.