Benjamin Moll, Associate Professor of Economics and International Affairs at Princeton University, has been awarded the 2017 Bernácer Prize for his "path-breaking contributions to incorporate consumer and firm heterogeneity into macroeconomic models" and his use of such models to study the "rich interactions between inequality and the macroeconomy.” Moll’s research focuses on two key questions: why some countries are richer than others and how income and wealth disparities impact the larger economy. Recent work, co-authored with Oleg Itskhoki, also Professor of Economics and International Affairs at Princeton University, looks at conditions under which governments in developing countries should implement pro-business policies in order to promote growth.
Moll, a native of Germany, will be recognized at a ceremony on November 23, 2018, where he will receive a diploma and a cash prize of €30,000.
Previous winners who have taught at Princeton University are Ricardo Reis (2016 Winner), A.W. Phillips Professor of Economics at the London School of Economics, Markus Brunnermeier (2008 Winner), Edwards S. Sanford Professor of Economics at Princeton University, and Helene Rey (2006 Winner), Lord Bagri Professor of Economics at London Business School.
Named after Spanish economist Germán Bernácer, this prize was established by the Observatorio del Banco Central Europeo (OBCE) and is awarded annually to European economists under the age of 40, who have made outstanding contributions in the fields of macroeconomics and finance. The OBCE is a European nonprofit association of economists focused on 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. For more information on the prize, click here.