Assistant Professor in Economics and the College, Manasi Deshpande, has been selected as a 2023 Alfred P. Sloan Research Fellow in Economics.
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Assistant Professor in Economics and the College, Manasi Deshpande, has been selected as a 2023 Alfred P. Sloan Research Fellow in Economics.
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Prof. Douglas W. Diamond of the University of Chicago has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022.
The Royal Swedish Academy of Sciences honored Diamond, the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, and two other economists for improving “our understanding of the role of banks in the economy, particularly during financial crises.” His pioneering research has changed the way people view banks and laid the groundwork for how central bankers, regulators, policymakers and academics approach modern finance.
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Magne Mogstad, The Gary S. Becker Distinguished Service Professor in Economics and the College, is one of this year's newly elected members of the American Academy of Arts & Sciences.
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"It is impossible to overstate his influence on macroeconomics. At the start of his career, he developed a dynamic theory of labor supply with Leonard Rapping. This approach is now a workhorse in modern macroeconomics. He then began his revolutionary work on the implications of rational expectations for macroeconomics. Most famously, he used rational expectations to develop a theory of inflation, in which policy makers can reduce unemployment in the short run through expansionary monetary policy, but cannot affect the long-run-average unemployment rate, the so-called Lucas islands model."
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Helping to establish the experimental method in development economics earned Kremer a share of the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. In awarding the honor to Kremer, Abhijit Banerjee, and Esther Duflo, the committee heralded a burgeoning approach to reducing global poverty that “involves dividing this issue into smaller, more manageable questions.”
