| The Deutsche Bank Prize in Financial Economics | |
|---|---|
| Awarded for | Influential contributions to research in the fields of finance and money and macroeconomics, and whose work has led to practice and policy-relevant results. |
| Presented by | Center for Financial Studies |
| Country | Germany, Frankfurt am Main |
| First awarded | 2005 |
| Official website | http://www.db-prize-financialeconomics.org |
The Deutsche Bank Prize in Financial Economics honors renowned researchers who have made influential contributions to the fields of finance and money and macroeconomics, and whose work has led to practical and policy-relevant results.[1] It is awarded biannually, since 2005, by the Center for Financial Studies, in partnership with Goethe University Frankfurt. The award carries an endowment of €50,000, which is donated by the Stiftungsfonds Deutsche Bank im Stifterverband für die Deutsche Wissenschaft.
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Eugene F. Fama of the University of Chicago was the first winner of the Deutsche Bank Prize.[2] He was cited for
The award was presented in Frankfurt on October 6, 2005, by Josef Ackermann of Deutsche Bank. The ceremony was preceded by an academic symposium entitled “Market Efficiency Today”. Speakers included: Nouriel Roubini (NYU), Eric Ghysels (UNC), M. Hashem Pesaran (Cambridge), Lawrence E. Harris (USC), Matthew Bishop (The Economist), Mark Salmon (Warwick), and Jan P. Krahnen (Goethe Univ. and CFS).[4]
Michael Woodford, of Columbia University, won the 2007 Deutsche Bank Prize. He was cited for his fundamental contributions to monetary theory and practice:
The award ceremony was preceded by a symposium on "The Theory and Practice of Monetary Policy Today".[6]
Robert J. Shiller, of Yale University, was awarded the 2009 Deutsche Bank Prize. He was cited for
A symposium on "Financial Innovation and Economic Crisis" was held to coincide with the prize ceremony.[8]
Kenneth Rogoff, of Harvard University, was awarded the 2011 Deutsche Bank Prize. The jury cited his work on
The jury also mentioned his history of financial crises, published jointly with Carmen M. Reinhart in (2009), “This Time is Different: Eight Centuries of Financial Folly”.
The Award will be handed during the CFS Symposium "Global Perspective on Financial Crisis" on September 22, 2011 at Campus Westend, Goethe University Frankfurt.[10]
Top academics from around the world are invited to make nominations for the prize winner. The invited nominators include more than 200 members of national banks, the European Central Bank, the Organisation for Economic Co-operation and Development, the Bank for International Settlements, the International Monetary Fund and the World Bank.
Nominations are assessed by an independent international Prize Jury. According to the Statutes of the Deutsche Bank Prize,[1] the Jury comprises:
Jury members[11] representing the CFS include
Representing Deutsche Bank:
Representing Deutsche Bundesbank:
Other academics:
Representing the press:
Jury members[12] representing the CFS include
Representing the ECB:
Representing Deutsche Bank:
Other academics:
Represending the press:
Jury members[13] represending CFS include
Representing Deutsche Bank:
Other academic and professional researchers:
Jury members [14] representing CFS include:
Representing Goethe University:
Outside experts specialized in the areas of money and finance:
The award winner of 2009
As a member of the CFS research advisory council:
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