Ralph Koijen, winner of the 20th edition of the Bernácer Prize

Press Release.
29 September 2021.

The Selection Committee of the German Bernacer Prize has decided to award the 20th edition of the prize to Ralph Koijen (University of Chicago, Booth School of Business) “for his influential research on the pricing of risk in equity and insurance markets”

The members of the Selection Committee are Luis de Guindos, Chair (Vice-President of the European Central Bank), Olivier Blanchard (PIIE), Charles Goodhart (Emeritus professor LSE), Evi Pappa (Universidad Carlos III), Jose Luis Peydro (Imperial College London), Monika Piazessi (Stanford University), Lucrezia Reichlin (London Business School), Stephanie Schmitt-Grohé (Columbia University), Philipp Schnabl (NYU Stern) and Anette Vissin-Jorgensen (University of California Berkeley).

The Germán Bernácer Prize is awarded annually to European economists no older than 40 years old who have made outstanding contributions in the fields of macroeconomics and finance. The prize was created in 2001 by the OBCE (Observatorio del Banco Central Europeo) and it is sponsored by Banco Santander. The winner receives a diploma and a €30,000 cash award.

The Prize Award Ceremony will take place on November 22th. For the second year in a row, it will be a virtual event due to the coronavirus pandemic.

Ralph S.J. Koijen is the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research and a Research Fellow of the Center for Economic Policy Research. He is a co-director of the NBER Asset Pricing program. He serves as a co-editor of the Review of Financial Studies. Professor Koijen was awarded the 2019 Fischer Black Prize by the American Finance Association, given biennially to the top financial economics scholar under the age of 40.

Before joining Chicago Booth in 2018, Professor Koijen was a Professor of Finance at the London Business School and NYU Stern, and an Assistant and Associate Professor of Finance at Chicago Booth. He received his undergraduate degree in Econometrics from Tilburg University and his Ph.D. in Finance from Tilburg University and his Ph.D. in Finance from Tilburg  University. Professor Koijen’s research focuses on finance, insurance, and macroeconomics. His research has been published in the American Economic Review, Econometrica, the Journal of Political Economy, the Quarterly Journal of Economics, the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. His research has been covered in popular media, such as the Financial Times, the Wall Street Journal, and The Economist.