BREAKING: The Nobel Prize in economics was awarded to Ben Bernanke, Douglas W. Diamond and Philip H. Dybvig on Monday for their research on banks and financial crises.
Nobel medals are displayed at the laboratory of Alfred Nobel, where powder trials and experiments with artificial rubber and synthetic threads were carried out, in Karlskoga, Sweden, Sept. 16, 2021.The Nobel Prize in economics was awarded to Ben Bernanke, Douglas W. Diamond and Philip H. Dybvig on Monday for their research on banks and financial crises.
Bernanke, of The Brookings Institute, served as chair of the Federal Reserve from 2006 to 2014. Diamond is a professor at The University of Chicago. Dybvig is a professor at Washington University in St. Louis. Winners receive 10 million Swedish kronor, about $911,765, which is usually split between winners when the prize is shared. In addition to the prize money, each of the winners will receive an 18-karat gold medal.
The previous Nobel Prize in economics, for 2021, went to two sets of winners: David Card as well as Joseph Angrist and Guido Imbens.
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