The Nobel Prize in Economics, announced on October 10, was awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig “for their research on banks and financial crises.” This announcement concludes the Nobel Prize season for 2022.
The Nobel Prize in Economics was awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig “for their research on banks and financial crises.” (Photo: Royal Swedish Academy of Sciences).
The three scientists awarded the Nobel Prize in Economics: Ben Bernanke (left), Philip Dybvig, and Douglas Diamond.
This year’s laureates have significantly enhanced our understanding of the role of banks in the economy, particularly during financial crises. A crucial finding in their research is why preventing bank collapses is vital.
The final Nobel Prize of the year is officially called the Sveriges Riksbank Prize (Swedish Central Bank Prize) in Economic Sciences in Memory of Alfred Nobel, the founder of the Nobel Prize. The honorees will receive a prestigious award valued at 10 million Swedish kronor (approximately over $885,000 based on the exchange rate on October 10).
Last year’s Nobel Prize in Economics was awarded to three economists: David Card, Joshua Angrist, and Guido Imbens. The prestigious award was split, with David Card receiving half for his empirical contributions to labor economics, while the other half was awarded to Joshua D. Angrist and Guido W. Imbens for their methodological contributions to causal analysis.
- An individual and two organizations awarded the 2022 Nobel Peace Prize
- French author wins the 2022 Nobel Prize in Literature
- Molecular research wins the 2022 Nobel Prize in Chemistry
- Three scientists awarded the 2022 Nobel Prize in Physics for quantum research
- Research on the origins of human genes wins the 2022 Nobel Prize in Physiology or Medicine
