The winner, or winners, of this year’s Nobel Prize for economics will be announced Monday at the Royal Swedish Academy of Sciences, in Stockholm.
FILE - In this Nov. 7, 2017, file photo, former Federal Reserve Chair Ben Bernanke attends a ceremony awarding them both with the Paul H. Douglas Award for Ethics in Government, on Capitol Hill in Washington. 2022's Nobel Prize in economic sciences has been awarded to three U.S.-based economists for research on banks and financial crises.The award to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig was announced Monday, Oct.
The prize was announced Monday by the Nobel panel at the Royal Swedish Academy of Sciences in Stockholm.Nobel prizes carry a cash award of 10 million Swedish kronor and will be handed out on Dec. 10. Unlike the other prizes, the economics award wasn’t established in Alfred Nobel’s will of 1895 but by the Swedish central bank in his memory. The first winner was selected in 1969.
Last year, half of the award went to David Card for his research on how the minimum wage, immigration and education affect the labor market. The other half was shared by Joshua Angrist and Guido Imbens for proposing how to study issues that don't easily fit traditional scientific methods.
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