Germán Bernácer Prize
| Bernacer Prize | |
|---|---|
| Awarded for | Outstanding contributions in the fields of macroeconomics and finance |
| Location | Madrid, Spain |
| Presented by | Observatorio del Banco Central Europeo, OBCE |
| First awarded | 2001 |
| No. of laureates | 15 Laureates as of 2015[update] |
| Official website | http://bernacerprize.com/ |
The Bernacer Prize is awarded annually to European young economists who have made outstanding contributions in the fields of macroeconomics and finance. The prize is named after Germán Bernácer, an early Spanish macroeconomist.
The prize was created in 2001 by the OBCE (Observatorio del Banco Central Europeo), a European nonprofit association of economists focusing on watching the European Central Bank and promoting the public debate on issues related with the Eurozone economy and with the aim of improving the quality of economic policy.
The Bernacer prize was established to recognize the work of young European economists and to stimulate research on Eurozone macroeconomics and financial issues. Modelled on the John Bates Clark Medal, prizewinners are European economists under the age of 40.
The prize includes a diploma and a cash award of €30,000. From the first edition of the prize to the 10th edition, the prize was sponsored by CAM (Caja de Ahorros del Mediterráneo). Since the 11th edition the sponsor has been Banco Santander.
Prizewinners usually receive the diploma directly from the Chairman of the Selection Committee together with a representative of the sponsor and/or the Governor of Bank of Spain, at a solemn ceremony award in Madrid. The diploma contains a text in English with the name of the laureate and a citation of why they received the award.
2015
The 2015 Bernacer prize was awarded to the Belgian economist Sitjn Van Nieuweburgh (NYU Stern School of Business) "for his influential research on the transmission of shocks in the housing market on the macro-economy and the prices of financial assets".
The award ceremony took place in Madrid on December 16, 2016.
2014
The 2014 Bernacer prize was awarded to the Italian economist Veronica Guerrieri (University of Chicago Booth School of Business) "for her influential research contributions regarding the application of search theory to explain the emergence of illiquidity and fire sales in different asset markets".
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