Deutsche Bank Prize in Financial Economics

 

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. 

 It is awarded biannually, since 2005, by the Center for Financial Studies (CFS)in partnership with Goethe University Frankfurt 

 The award carries an endowment of €50,000

 Prize Winners Details

Eugene F Coma,Professor of Finance at the University of Chicago Booth School of Business was the first winner of the prize in 2005 who was awarded for his fundamental contributions to financial economics, in particular, for developing and investigating the concept of market efficiency, which is now a cornerstone in the field of finance

 

Michael Woodford,Professor of Political Economy at Columbia University in New York, was the winner in 2007 who was awarded for his fundamental contributions to the theory and practical analysis of monetary policy

 

Josef Ackermann, Chairman of the Management Board and the Group Executive Committee of Deutsche Bank AG, presented the Deutsche Bank Prize in Financial Economics 2007 to Michael Woodford in Frankfurt on Oct 4,2007

Robert J Schiller, Professor of Economics at Yale University and Professor of Finance at Yale School of Management, was awarded the 2009 prize for his contributions to the field of financial economics. Through his innovative work exploring the dynamics of asset prices, Robert Shiller has become a pioneer in the field of financial economics. His findings on the volatility of share prices, the occurrence of price bubbles and resultant crises, as well as on the distribution of macroeconomic risks are not only of great academic importance, they have also broken new ground in economic practice

  

Josef Ackermann, Robert J. Shiller, Jan P. Krahnen (l. to r.)

The award was presented to Robert Shiller by Josef Ackermann (Chairman of the Management Board and the Group Executive Committee of Deutsche Bank AG) in a ceremony to be held in Frankfurt on 30 September 2009. 

Kenneth Rogoff,Professor of Economics and Professor of Public Policy at Harvard University was awarded the 2011 prize for his pioneering contributions to the field of international finance and macroeconomics. Kenneth Rogoff's works examine sovereign default and debt restructuring, exchange rate developments, global imbalances and the development of financial crises and are highly relevant for understanding and addressing today's global challenges

  

Uwe Walz, Kenneth Rogoff, Josef Ackermann (l. to r.)

The award was presented to Kenneth Rogoff by Josef Ackermann (CEO of Deutsche Bank) in a ceremony to be held in Frankfurt on 22 September 2011