2016 - 16th Edition
2015 - 15th Edition
2014 - 14th Edition
The Bernácer Prize was awarded this year to Prof. Veronica Guerrieri (The University of Chicago Booth School of Business)
"for her influential research contributions regarding the application of search theory to explain the emergence of illiquidity and fire sales in different asset markets."
2013 - 13th Edition
2012 - 12th Edition
2011 - 11th Edition
Lasse H. Pedersen
The Bernácer Prize was awarded to Prof. Lasse H. Pedersen (Copenhagen Business School and NYU Stern School of Business)
"for his original research contributions on how the interaction between market liquidity risk and funding liquidity risk can create liquidity spiral and systemic financial crisis"
2010 - 10th Edition
The 2010 Bernácer Prize was awarded to Xavier Gabaix (NYU Stern School of Business)
"for his original research contributions in financial and behavioural economics, including the consequences of seemingly irrational behaviour on asset markets, and his analysis of the level of compensation of corporate executives"
2009 - 9th Edition
The 2009 Bernácer Prize was awarded to Prof. Emmanuel Farhi (Harvard University)
"for his relevant contributions to the design of optimal taxation in business cycle models with incomplete markets, and for improving our understanding of the macroeconomic mechanisms that underlie the relationships among global imbalances, financial crashes, speculative growth episodes and real activity"
2008 - 8th Edition
The Bernácer Prize was awarded to Prof. Markus Brunnermeier (Princeton University)
"for his important research on explaining the emergence and persistence of asset price bubbles, the causes of liquidity crises in financial markets, and the implications of these phenomena for risk management and for financial regulators"
2007 - 7th Edition
The Bernácer Prize was awarded to Prof. Pierre-Olivier Gourinchas (University of California, Berkeley)
"for his important research on explaining recent (puzzling) facts in global macroeconomics and finance, evaluating the gains of financial integration and analyzing the importance of precautionary saving in optimal life--cycle models of consumption expenditure in the presence of uncertain labour income"
2006 - 6th Edition
The Bernácer Prize was awarded to Hélène Rey (London Business School)
"for her important research on the determinants and consequences of external trade and financial imbalances, the theory of financial crisis and the internationalization of currencies. Her contributions help to improve our understanding of the connections among globalization, exchanges rates and external markets"
2005 - 5th Edition
The Germán Bernácer Prize was awarded to Prof. Monika Piazzesi (Stanford University)
"for her important research in developing a unified approach that improves our understanding of the connection between asset prices- including bonds, equities and real estate- and the institutional features of monetary policy and the business cycles"
2004 - 4th Edition
The Germán Bernácer Prize was awarded to the German economist Stephanie Schmitt-Grohe (Columbia University)
"for her important research devoted to developing and applying the tools for evaluation of macroeconomic (fiscal and monetary) stabilization policies in the context of economies subject to nominal and real distortions."