NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The NBER Reporter 2012 Number 1: News



2011 Awards and Honors

A number of NBER researchers received honors, awards, and other forms of professional recognition during 2011 and early 2012. A list of these honors, excluding those that were bestowed by the researcher's home university and listing researchers in alphabetical order, is presented below.

John M. Abowd was elected Second Vice-president (and will be President in 2014) of the Society of Labor Economists. He was also elected Chair-elect (to be Chair in 2013) of the American Statistical Association' Business and Economic Statistics Section.

Viral V. Acharya received the 2011 Inaugural TCFA (The Chinese Finance Association) Award for the Best Paper on Global Financial Markets. The paper, "The Seeds of a Crisis: A Theory of Bank Liquidity and Risk Taking over the Business Cycle", was co-authored by Hassan Naqvi.

Douglas Almond, Joseph Doyle, Amanda Kowalski, and Heidi Williams won the Garfield Economic Impact Award and the Healthcare Cost & Utilization Project (HCUP) Outstanding Article of the Year Award for their 2010 paper, "Estimating Marginal Returns to Medical Care: Evidence from At-Risk Newborns", which was published in the Quarterly Journal of Economics.

Lee J. Alston served as Vice-President of the Economic History Association in 2010-11.

James Andreoni was elected a Fellow of the Econometric Society.

Josh Angrist won the John von Neumann Award for 2011. The award is given annually by the Rajk László College for Advanced Studies (Budapest, Hungary) to an outstanding scholar in the social sciences whose works have had substantial influence over a long period of time on the studies and intellectual activity of the students of the college.

John Asker was awarded the prize for best paper published in the previous year by the Association of Competition Economics for "A Study of the Internal Organization of a Bidding Cartel," which was published in the American Economic Review.

Orazio Attanasio has been elected Vice President of the European Economic Association. He will serve as President-Elect of the Association in 2013 and as President in 2014.

Alan Auerbach was awarded the Daniel M. Holland Medal by the National Tax Association in November 2011. The medal, first awarded in 1993, rewards outstanding contributions to the study and practice of public finance.

Malcolm Baker, Jessica Wachter, and Jeffrey Wurgler won the William F. Sharpe award for the best paper in the Journal of Financial and Quantitative Analysis (along with non-NBER coauthor Lubomir Litov.) Baker and Wurgler also won an Emerald Citation of Excellence Award for writing one of the top 50 highest-impact articles across 300 management publications.

Michael Baker delivered the Innis Lecture at the 2011 meetings of the Canadian Economics Association. His lecture "Universal Early Childhood Interventions: What is the Evidence Base?" was published in the Canadian Journal of Economics in 2011.

Katherine Baicker has been elected Chair of the Board of Directors of AcademyHealth. She was also elected to the Institute of Medicine.

Nathaniel Baum-Snow received the 2011 Geoffrey J.D. Hewings Award from the North American Regional Science Council. The award recognizes distinguished contributions to Regional Science research by scholars who have recently completed doctoral studies.

Lucian Bebchuk received the 2011 Award for excellence in corporate governance from the International Corporate Governance Network (ICGN). He also was elected President-Elect of the Western Economic Association International; and his paper on "Self-Fulfilling Credit Market Freezes" won a 2011 Marshal Blum prize in financial research.

Bo Becker and Victoria Ivashina were awarded the Nordea Prize for best paper on corporate finance at the European Finance Association's 2011 meeting.

Roland Benabou was elected to the American Academy of Arts and Sciences.

Efraim Benmelech and Nittai Bergman won the Brattle Group's First Paper Prize award at the American Finance Association meetings for their article, "Bankruptcy and the Collateral Channel."

David G. Blanchflower received an Honorary Doctor of Letters (D.Litt), from the University of Sussex.

Alan Blinder was named a Distinguished Fellow of the American Economic Association. He was also the first Robert M. Solow Lecturer (other than Solow himself) at the Urban Institute in May 2011. Blinder is a Visiting Scholar at the Russell Sage Foundation in 2011-12.

Nick Bloom was elected a Fellow of the Econometric Society.

George J. Borjas was awarded the IZA (Institute for the Study of Labor) Prize in Labor Economics.

Axel Börsch-Supan became a member of the Max-Planck-Society and director of the Max-Planck-Institute of Social Law and Social Policy in Munich.

Erik Brynjolfsson was selected as a Distinguished Fellow of the INFORMS Information System Society for his research contribution in the field of information systems.

John Y. Campbell delivered the keynote address to the European Finance Association meeting in Stockholm, Sweden and the Karl Borch Lecture at NHH, Bergen, Norway.

Murillo Campello received the award of "Distinguished Referee" from the Review of Financial Studies. He also received the best paper award at the European meetings of the Financial Management Association.

Gary Chamberlain was elected a Member of the National Academy of Sciences.

James Choi, David Laibson, and Brigitte Madrian received the TIAA-CREF Paul A. Samuelson Prize for outstanding scholarly writing on lifelong financial security for their paper "Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds."

Dalton Conley was awarded a 2011 Guggenheim Fellowship to study "genoeconomics" and the problem of "missing heritability".

Janet Currie was the Ely Lecturer at the American Economic Association meetings in January 2011.

David Cutler and Dana Goldman received the first Silver Scholar Award from the Alliance for Aging Research in fall 2011. The award honors the important work of economists, demographers, and related researchers whose scholarship helps to better value healthy life after 65 and the medical innovations that help people live longer in good health.

Leemore Dafny was named a member of the Congressional Budget Office's Panel of Health Advisers.

Angus Deaton was awarded an honorary Doctorate of Science in Social Sciences by the University of Edinburgh.

Douglas W. Diamond was selected by the American Finance Association to receive the Morgan Stanley-American Finance Association Award for Excellence in Finance. This honor is given every two years, based on "an individual's career achievements in outstanding thought leadership in the field of financial economics."

Esther Duflo won the David N. Kershaw Award from The Association for Public Policy Analysis and Management (APPAM). Also, she and Abhijit Banerjee received the Financial Times and Goldman Sachs Business Book of the Year Award for Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty.

Steven Durlauf was elected to the American Academy of Arts and Sciences.

Susan Dynarksi has been elected to the Association for Public Policy Analysis and Management (APPAM) Policy Council. APPAM is dedicated to improving public policy and management by fostering excellence in research, analysis, and education.

William Easterly delivered the Distinguished Guest Lecture at the Southern Economics Association's Annual Conference on "Does Development Economics Cause Economic Development?"

Alex Edmans won the FIR-PRI Prize for the best paper in Finance and Sustainability.

Ronald G. Ehrenberg received the Jacob Mincer Award in April 2011 from the Society of Labor Economists for lifetime contributions to the field of labor economics. In May 2011, he was awarded an honorary doctor of humane letters degree from Pennsylvania State University.

Barry Eichengreen was selected by Foreign Policy Magazine as one of its 100 influential global thinkers for 2011. His book Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, was short-listed for the Financial Times/Goldman Sachs finance and economics book of the year, and was selected as the China economics book of the year for 2011. He also served as president of the Economic History Association in 2010-11.

Amy Finkelstein was named a Young Global Leader by the World Economic Forum.

Richard G. Frank won the Distinguished Services Award from the Maryland Mental Health Association.

Roland Fryer, Jr. received a MacArthur Foundation Fellowship.

Don Fullerton was appointed to the AEA's Committee on the Status of Minority Groups in the Economics Profession (CSMGEP). He also was elected Vice President of the Association of Environmental and Resource Economists (AERE).

Xavier Gabaix won the Fischer Black Prize, awarded every two years by the American Finance Association to the person under 40 who contributed the most to the field of finance. He also received the Bernacer Prize for best European economist under 40 working in macroeconomics/finance, and the Best Young French Economist Prize from Le Cercle des Economistes / Le Monde. In addition, he was elected a Fellow of the Econometric Society.

Jordi Gali won the National Research Prize, awarded by the Government of Catalonia (Spain).

Alan M. Garber received a MERIT award from the National Institutes of Health.

Nicolae Garleanu, Leonid Kogan, and Stavros Panageas received the Best Paper Award at the 2011 Utah Winter Finance Conference for the paper "The Demographics of Innovation and Asset Returns".

Linda S. Goldberg presented the Keynote Address on "Issues in International Banking: Research and Policy Initiatives" at the De Nederlandsche National Bank Conference on Banking and the Globalization of Finance in Frankfurt, Germany. She also gave a Keynote Lecture on "The International Role of the Dollar: Does It Matter if This Changes?" at CESifo's Venice Summer Institute and the keynote lecture "In Defense of Global Banking", at the Deutsche Bundesbank Workshop on "The Costs and Benefits of International Banking."

Claudia Goldin received the Doctorate Honoris Causa from Lund University in May 2011. She also was elected President-elect of the American Economic Association in October, assuming the post at the Society's Annual Meeting in January 2012.

Marvin Goodfriend was appointed as Honorary Advisor, Institute for Monetary and Economic Studies, Bank of Japan.

Gita Gopinath was chosen as a "Young Global Leader" by the World Economic Forum.

Robert J. Gordon was selected by Economists for Peace and Security as their annual dinner honoree at the ASSA meetings in Chicago in January 2012. He was also selected as the keynote speaker of a conference co-sponsored by the IMF and Danish State National Bank in Copenhagen in September2011.

Yuriy Gorodnichenko won an NSF CAREER award for "Analysis of Prices, Informational Rigidities and Productivity Differences."

Veronica Guerrieri was awarded a Sloan Research Fellowship.

Robert E. Hall completed his service as president of the American Economic Association (AEA) and became a Distinguished Fellow of the AEA.

Daniel Hamermesh received a Humboldt Research Prize from the German government, one of about 80 given to non-German researchers in all fields of endeavor each year.

Jeffrey E. Harris was awarded a grant by the Fulbright Foreign Scholarship Board and the Bureau of Education and Cultural Affairs of the U.S. Department of State to serve as a Fulbright Specialist at the University of the Republic, Uruguay. He is working with a core group of researchers from Uruguay on a formal evaluation of that country's tobacco control campaign.

Oliver D. Hart received an Honorary Doctorate of Science (Economics) from London Business School.

Eric Hilt was awarded a visiting scholar fellowship at the Russell Sage Foundation.

Yael Hochberg won the 2011 Emerald Citation of Excellence for "Whom You Know Matters: Venture Capital Networks and Investment Performance", which was published in the Journal of Finance. This award recognizes this paper as one of the top 50 management business and economics articles with proven impact since publication in 2007.

Thomas J. Holmes was elected a Fellow of the Econometric Society.

Takeo Hoshi received the Reischauer International Education Award from the Japan Society of San Diego and Tijuana. The award is given to one individual each year, honoring the outstanding efforts to promote educational interchange and understanding between Japan, San Diego, and Tijuana. Erik G. Hurst and Tobias J. Moskowitz shared the Kauffman Prize Medal, which is awarded annually to recognize scholars under the age of 40 whose research has made a significant contribution to entrepreneurship. Robert P. Inman was elected Foreign Member, The Royal Norwegian Society of Sciences and Letters, Humanities Division.

Takatoshi Ito received the Purple Ribbon Medal from the Emperor for his academic dedication and excellence.

Seema Jayachandran was awarded an Alfred P. Sloan Research Fellowship and an NSF CAREER Grant.

Michael Jensen won the 2011 Economics for Management Lecture Series ISES-Fundacion BBVA Prize in May 2011. He previously received the 2009 Morgan Stanley-AFA Award for Excellence in Financial Economics, and selected the NBER, Harvard Business School, and Simon School of Business at the University of Rochester as co-recipients of the associated cash grant.

Robert Kaestner earned the 2011 Article-of-the-Year honor from AcademyHealth.

Edward Kane received the Thomas Divine Award from the Association for Social Economics for lifetime contributions to social economics. He also gave a Keynote Address, "Constraining Growth in Financial Safety Nets: Lessons from Australia and Canada," at the 9th Biennial Pacific Rim Conference of the Western Economic Association International in Brisbane, Australia.

Louis Kaplow won the Jerry S. Cohen award for antitrust scholarship for the article "Why (Ever) Define Markets?"

Lawrence F. Katz was elected the John Kenneth Galbraith Fellow of the American Academy of Political and Social Sciences and First Vice-President of the Society of Labor Economists.

Samuel Kortum was named a Fellow of the Econometric Society.

Amanda Kowalski was selected the Okun Model Early Career Fellow in Economic Studies by the Brookings Institution.

Anne Krueger received an honorary doctorate from Aarhus University in Denmark. Also, her 1974 American Economic Review article on "The Political Economy of the Rent-Seeking Society" was named, in the February 2011 issue of the AER, as one of the twenty outstanding papers published in the first hundred years of that journal.

Per Krusell was selected as a Wallenberg Scholar, one of only ten Swedish researchers in all fields selected in the year. The award provides an unrestricted research grant.

Howard Kunreuther and his co-authors Dwight Jaffee and Erwann Michel-Kerjan received the Spencer L. Kimball Article Award, presented by the National Association of Insurance Commissioners, for their 2010 paper "Long-Term Property Insurance" in the Journal of Insurance Regulation. He and Michel-Kerjan also received the Kulp-Wright Book Award, presented by the American Risk and Insurance Association for the most influential text on the economics of risk management and insurance, for At War with the Weather.

David Laibson was elected a Fellow of the Econometric Society.

Jonathan Lewellen, Stefan Nagel, and Jay Shanken won the Fama/DFA best paper prize (second prize) for "A Skeptical Appraisal of Asset Pricing Tests."

Christian Leuz and his co-authors Luzi Hall and Peter Wysocki received the AAA/Deloitte Wildman Medal, which recognizes research judged "o have made or likely make the most significant contribution to the advancement of the practice of public accountancy, including audit, tax, and management services." Leuz also won the Allen & Overy Law Prize for a paper in ECGI's Law working paper series which was deemed to have made the most substantial contribution to the knowledge of corporate governance in Europe.

Frank R. Lichtenberg received an Outstanding Author Contribution Award at the Emerald Literati Network Awards for Excellence for his paper, "The Effect of Drug Vintage on Survival: Micro Evidence from Puerto Rico's Medicaid Program," which was published in Advances in Health Economics and Health Services Research.

Nuno Limao was the plenary session speaker at the European Trade Study Group (ETSG) Conference in September 2011. He also won the 2011 Chair Jacquemin prize for best paper for "Trade Policy and Heterogenous Firms.

Alexander Ljungqvist was the recipient of the 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship, awarded every two years to one scholar under age 40 whose research has made a significant contribution to the literature in entrepreneurship. He also received the Emerald Citations of Excellence Award.

Annamaria Lusardi was elected to the Board of Directors of the Council for Economic Education.

Lisa M. Lynch is president-elect of the Labor and Employment Research Association (formerly the Industrial Relations Research Association).

Jonathan Levin received the John Bates Clark Medal from the American Economic Association.

Ulrike Malmendier was selected into Capital Magazine's Young Elite ("Top 40 Researchers under 40").

Kalina Manova has received an Excellence Award in Global Economic Affairs from the Kiel Institute for the World Economy.

Christopher M. Meissner was the September 2011 winner of the Arthur H. Cole Prize, awarded by the Economic History Association for the best paper published in the Journal of Economic History during the previous year. The paper, co-authored with Michael Huberman, is "Riding the Wave of Trade: Explaining the Rise of Labor Regulation in the Golden Age of Globalization."

Olivia S. Mitchell was named one of Investment Advisor Magazine's "25 Most Influential People in 2011" and "50 Top Women in Wealth."

Edward B. Montgomery was elected to the National Academy of Public Administration and appointed to the GAO Comptroller General's Educator Advisory Panel.

Randall Morck was named a Research Fellow at the Bank of Canada.

Dale T. Mortensen was awarded an honorary Doctor of Sciences degree by Willamette University.

Robert Novy-Marx and Joshua D. Rauh won the Smith Breeden Prize (first place) for the outstanding paper in the Journal of Finance in any area other than corporate finance, for "Public Pension Promises, How Big Are They, and What Are They Worth?" Novy-Marx also won the Spangler IQAM Best Paper Price (first place), for the top paper published in the Review of Finance, for "Operating Leverage."

Nathan Nunn was awarded the Emerald Management Review's 2011 Citation of Excellence Award for his paper "Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade," published in the Quarterly Journal of Economics.

Maurice Obstfeld was the Richard T. Ely Lecturer at the American Economic Association's Annual Meeting in Chicago in January 2012. He also won the Tjalling C. Koopmans Asset Award from the Tilburg School of Economics and Management.

Lee Ohanian was elected a Senior Fellow at the Hoover Institution.

Daniel Paravisini, Andrew Hertzberg, and Jose Liberti won the Brattle Group's Distinguished Paper Prize for their paper "Public Information and Coordination: Evidence from a Credit Registry Expansion." The Brattle Group Prizes are awarded annually for the three best papers in the field of corporate finance, chosen by the associate editors of The Journal of Finance.

Mitchell Petersen had "Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches" (NBER Working Paper No. 11280) selected as an Editor's Choice paper in the Review of Financial Studies.

Luigi Pistaferri was awarded a European Research Council Starting Grant. He also became Co-Editor of the American Economic Review, was named the Bajola Parisani Visiting Chair in Economics and Institutions at EIEF, Rome, and gave keynote talks at the QED Frontiers of Macroeconomics Workshop (Queen's University), the CIREQ Macro Conference (University of Montreal), and the Stabilization Policies Conference (University of Copenhagen).

James Poterba was elected Vice-President of the Eastern Economic Association.

Giorgio Primiceri was selected as an Alfred P. Sloan Research Fellow.

Valerie Ramey and Neville Francis won the American Economic Journal: Macroeconomics Best Paper Prize in 2011 for "A Century of Work and Leisure."

Helene Rey was elected a Fellow of the British Academy.

Kenneth Rogoff was named the 2011 recipient of the Deutsche Bank Prize in Financial Economics for his pioneering contributions to the field of international finance and macroeconomics. The prize is awarded every other year by the Center for Financial Economics in Germany. He also received the National Association for Business Economics' Adam Smith Award in 2011. He and Carmen Reinhart received the Arthur Ross Book Award from the Council on Foreign Relations for their book, This Time Is Different.

Jesse Rothstein received the John T. Dunlop Outstanding Scholar Award, awarded by the Labor and Employment Relations Association, for outstanding academic contributions to research of national significance by a recent entrant to the field.

Jay Shanken won the Fama/DFA 2nd Prize for Capital Markets and Asset Pricing in the Journal of Financial Economics' best papers contest, 2010, for "A Skeptical Appraisal of Asset-Pricing Tests", coauthored by Jonathan Lewellen and Stefan Nagel.

Chris Sims and Thomas Sargent were awarded the Sveriges Riksbank Prize in Economics in Honor of Alfred Nobel in October 2011.

Richard H. Steckel was elected a Fellow of the American Association for the Advancement of Science.

Paula Stephan became a fellow of the American Association for the Advancement of Science (AAAS). Stephan was honored "for distinguished professional service and for contributions to the economics of science, particularly the role of foreign-born researchers and the diffusion of scientific knowledge."

Catherine Tucker was awarded a five-year NSF CAREER Award for her research on Digital Privacy and Regulation.

Dimitri Vayanos became a managing editor of the Review of Economic Studies, and was elected to the Board of Directors of the American Finance Association.

John Van Reenen won the Arrow Prize from the International Health Economics Association for his 2010 Journal of Political Economy paper with Carol Propper on "Can Pay Regulation Kill? The Impact of Labor Markets on Hospital Productivity." He also won an Excellence in Refereeing Award from the American Economic Review.

Edward J. Vytacil was elected a Fellow of the Econometric Society.

Neng Wang was the Carr and Stephanie Bettis Distinguished Scholar for the spring semester, 2011, in the Department of Finance of the W. P. Carey School of Business.

Eugene N. White received a Chaire d'Accueil (Visiting Chaired Professorship) in the Domaine d'Interet Majeur Sciences Economiques at the Paris School of Economics from the Government of the Ile de France.

David A. Wise was named a Distinguished Fellow of the American Economic Association.

Bobbi Wolfe delivered the Robert Lampman lecture at the meetings of the Low Income Workshop of the Institute for Research on Poverty and the Fred Gruen Public Lecture at Australian National University.

 
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