Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economic sciences 'for research on banks and financial crises'
Secretary General of the Royal Swedish Academy of Sciences Hans Ellegren and Member of the Economics Nobel Prize committee Tore Ellingsen listen to Member of the Economics Nobel Prize committee John Hassler during a press conference to announce the winners of the 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel at the Royal Swedish Academy of Sciences in Stockholm, on Oct 10, 2022.
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.
in medicine for unlocking secrets of Neanderthal DNA that provided key insights into our immune system. Three scientists jointly won the prize in physics Tuesday. Frenchman Alain Aspect, American John F. Clauser and Austrian Anton Zeilinger had shown that tiny particles can retain a connection with each other even when separated, a phenomenon known as quantum entanglement, that can be used for specialized computing and to encrypt information.
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