2022 Nobel Prize in Economics “from his research on banks and financial crises” American economists Ben S Bernanke, Douglas W. Diamond and Philip H. Dybvig won.
At the press conference held at the Royal Swedish Academy of Sciences, it was stated that Bernanke, Diamond and Dybvig provided significant advances in understanding of the role of banks in the economy and how to regulate financial markets, especially during financial crises.
Diamond and Dybvig, He “develops theoretical models of why banks exist, how their role in society makes banks vulnerable to rumors of their impending collapse, and how society reduces that vulnerability” was recorded.
It was pointed out that the work of three economists reduced the risk of financial crises turning into long-term depressions with sharp consequences for society.
IN 2021, THE PRIZE WAS GIVEN TO ECONOMISTS WHO “RETURNED EMPIRIQUE RESEARCH” WITH THEIR WORK
Economists awarded the 2021 Nobel Prize in Economics David Card with Joshua D Angrist and Guido W. Imbens had won.
Canadian labor economist Card, “for his empirical contributions to the labor economy”Angrist and Imbens “for his methodological contributions to the analysis of causal relationships” It was announced that he was awarded the 2021 Nobel Prize in Economics.
It was stated that the work of the three economists led to the development of new understandings of the labor market, showed what kind of conclusions can be drawn from natural experiments in terms of cause and effect, their approaches spread to other fields and radically changed empirical research.
The winners of the Nobel Prize in Economics are awarded $1.1 million in addition to the gold medal.
The prize is awarded to American economists who contributed to the development of auction theory in 2020. Paul R Milgrom and Robert B Wilsonwas given to .
Milgrom and Wilson’s discoveries “benefits sellers, buyers and taxpayers worldwide” was specified.
Indian-American economist Abhijit Banerjee, French-American economist Esther Duflo and American economist Michael Kremer won the 2019 Nobel Prize in Economics for their work in the fight against global poverty.
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