Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Economic Sciences"


25 mentions found


Despite Thursday's declines, the S & P 500 is only 2% from last week's record highs. The surprise isn't that the S & P 500 dropped Thursday. .SPX 6M mountain S & P 500, 6 months First-quarter earnings estimates for the S & P 500 have slipped to an expected gain of 5.1%, down from an anticipated increase of 7.2% on Jan. 1, according to LSEG. Since earnings are what ultimately moves stocks, the question is not "What would cause a modest 2% to 5% decline?" To do that, market participants would need to believe that earnings estimates were off significantly.
Persons: Daniel Kahneman, Joe Biden, Benjamin Netanyahu, Israel, Neel Kashkari, it's, John Butters, Charles Schwab Organizations: Economic Sciences, Israel's, Federal Reserve Bank of, FactSet Locations: Gaza, Iran, Federal Reserve Bank of Minneapolis
A step or two back, a man in a yellow gown, his brow furrowed and his arms behind his back. The object in the bucket is a kidney that is being transplanted from one person to another. Not bad for a guy who never graduated from high school. Columbia University admitted him without a diploma after he dropped out of Martin Van Buren High School in Queens. (The high school relented and gave him an honorary one after he got the Nobel.)
Persons: Alvin Roth —, Roth, Martin Van Organizations: Surgeons, Economic Sciences, Columbia University, Martin Van Buren High School Locations: New York City, Boston, Martin Van Buren, Queens
In 1944, Hahn won a Nobel prize for the discovery. It led to the atomic bomb , nuclear power, and a Nobel Prize in 1944 for German chemist Otto Hahn. ullstein bild Dtl./Getty ImagesMeitner was well respected by other physicists — Einstein called her "our Marie Curie" — comparing her to the trail-blazing, two-time Nobel Prize winner. Left to right: Otto Hahn, Dr. Hartmann, Lise Meitner, Werner Heisenberg, and Theodor Heuss. AdvertisementOverlooked for the Nobel PrizeHahn was awarded the 1944 Nobel Prize in chemistry for the discovery of nuclear fission.
Persons: Lise Meitner, Otto Hahn, Hahn, Meitner, , Hahn's, Marissa Moss, Meitner's, Moss, — Einstein, Marie Curie, Nazi Germany Meitner, Hartmann, Werner Heisenberg, Theodor Heuss, Hitler, " Moss, Fritz Strassman, Amanda Macias, Strassman, wasn't, Otto Frisch, Frisch, Strassmann, Enrico Fermi Organizations: Service, Business, Kaiser Wilhelm Institute, Physics Locations: Berlin, Austria, Nazi Germany, Germany, Sweden, Ba
Every year, researchers in economics are awarded the Nobel Prize, alongside a hefty sum in winnings. All you have to do is bag a Nobel Prize. Franco Modigliani, an MIT professor who nabbed the Nobel in economics in 1985 , got about $225,000 in winnings. But, ultimately, he wanted to spend his winnings according to his own research on people's saving and spending habits. So when he was asked how he'd spend what was, in 2017 dollars, around $1.1 million in winnings, Thaler told reporters : "I will try to spend it as irrationally as possible."
Persons: , Alfred Nobel, Claudia Goldin, it's, Goldin, Lars Heikenstein, Franco Modigliani, Modigliani, I'm, Modigliani isn't, Elinor Ostrom, Oliver E, Williamson, Esther Duflo, Abhijit Banerjee, Michael Kremer, Sir Angus Deaton, Richard Thaler, he'd, Thaler Organizations: Service, Sveriges, Economic Sciences, Guardian, Nobel Foundation, MIT, Washington Post, Indiana University, National Academy of Sciences, Fund for Research, Development, Harvard University, Boston Globe, University of Chicago Locations: Stockholm, United States of America
STOCKHOLM, Oct 9 (Reuters) - American economic historian Claudia Goldin won the 2023 Nobel economics prize for her work examining wage inequality between men and women, the Royal Swedish Academy of Sciences said on Monday. "This year's Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women's earnings and labour market participation through the centuries," the prize-giving body said in a statement. Goldin, who in 1990 became the first woman to be tenured at the Harvard economics department, is only the third woman to win the Nobel economics prize. "Claudia Goldin's discoveries have vast societal implications," said Randi Hjalmarsson, member of the Economic Prize committee. As with the other Nobel prizes, the vast majority of the economics awards have gone to men.
Persons: Claudia Goldin, Alfred Nobel, Goldin, Hans Ellegren, Claudia Goldin's, Randi Hjalmarsson, Jakob Svensson, Friedrich August von Hayek, Milton Friedman, Paul Krugman, Ben Bernanke, Elinor Ostrom, Esther Duflo, Simon Johnson, Mark John, Niklas Pollard, Johan Ahlander, Terje Solsvik, Catherine Evans Organizations: Royal Swedish Academy of Sciences, Sveriges, Economic Sciences, Harvard, Pew Research, Commission, Social, Thomson Locations: STOCKHOLM, COVID, Norwegian, Iranian, United States, Europe, U.S
London CNN —Claudia Goldin, a professor at Harvard University, was awarded the Nobel Prize in economics Monday for her research into women’s income and employment. Jakob Svensson, chair of the committee for the prize in economic sciences, added: “Understanding women’s role in the labor market is important for society. Thanks to Claudia Goldin’s groundbreaking research we now know much more about the underlying factors and which barriers may need to be addressed in the future.”Claudia Goldin Harvard UniversityGoldin was born in 1946 in New York. She is the author of several books and is best-known for her work on the history of women in the US economy. The economics prize is officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Persons: London CNN — Claudia Goldin, Goldin, , Jakob Svensson, Claudia Goldin’s, ” Claudia Goldin Harvard, ” Claudia Goldin Harvard University Goldin, Henry Lee, Alfred Nobel, Ben Bernanke, Douglas Diamond, Philip Dybvig Organizations: London CNN, Harvard University, Royal Swedish Academy of Sciences, ” Claudia Goldin Harvard University, National Bureau of Economic Research, Sveriges, Economic Sciences, Federal Locations: New York, United States, Swedish
The winner of the 2023 Prize in Economic Sciences in Memory of Alfred Nobel American economist Claudia Goldin is seen on a display at the Royal Swedish Academy of Sciences, in Stockholm on October 9, 2023. The Nobel economics prize was on Monday awarded to Professor Claudia Goldin of Harvard University for her research on women in the labor market. Goldin provided the first comprehensive account of women's earnings and labor market outcomes through the centuries, the Nobel committee said in the prize announcement while announcing the prize. Her research reveals new patterns, identifies causes of change but also speaks to the main sources of the remaining gender gaps. The winners of the award, which is officially titled the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, receive 10 million Swedish krona ($907,000) between them.
Persons: Alfred Nobel, Claudia Goldin, Goldin Organizations: Economic Sciences, Royal Swedish Academy of Sciences, Harvard University, Sveriges Locations: Stockholm
OSLO (AP) — The winner of the prestigious Nobel Peace Prize is being announced Friday, chosen by a panel of experts in Norway from a list of just over 350 nominations. Unlike the other Nobel prizes that are selected and announced in Stockholm, founder Alfred Nobel decreed that the peace prize be decided and awarded in Oslo by the five-member Norwegian Nobel Committee. People who can make nominations include former Nobel Peace Prize winners, members of the committee, heads of states, members of parliaments and professors of political science, history and international law. A day earlier, the Nobel committee awarded Norwegian writer Jon Fosse the prize for literature. Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine on Monday.
Persons: Vladimir Putin, Nelson Mandela, Barack Obama, Mikhail Gorbachev, Aung, Kyi, Alfred Nobel, Jon Fosse, Moungi Bawendi, Louis Brus, Alexei Ekimov, Anne L’Huillier, Pierre Agostini, Ferenc Krausz, Karikó, Drew Weissman Organizations: Belarusian, United Nations, Peace, Bank of Sweden, Economic Sciences Locations: OSLO, Norway, Ukraine, Belarus, Russia, Stockholm, Oslo, Norwegian, U.S, Swedish, French, Hungarian
STOCKHOLM (AP) — The Nobel Prize in literature will be announced Thursday, with the new laureate, or laureates, joining an illustrious list of past winners that ranges from Toni Morrison to Ernest Hemingway and Jean-Paul Sartre — who turned down the prize in 1964. Ernaux was just the 17th woman among the 119 Nobel literature laureates. The literature prize has long faced criticism that it is too focused on European and North American writers, as well as too male-dominated. The Nobel Peace Prize is awarded Friday and the Nobel Memorial Prize in Economic Sciences ends the awards season on Monday. The Nobel Prizes carry a cash award of 11 million Swedish kronor ($1 million) from a bequest left by the prize’s creator, Swedish inventor Alfred Nobel.
Persons: , Toni Morrison, Ernest Hemingway, Jean, Paul Sartre —, Annie Ernaux, Ernaux, Moungi, Louis Brus, Alexei Ekimov, Karikó, Drew Weissman, Anne L’Huillier, Pierre Agostini, Ferenc Krausz, Alfred Nobel, ___ Corder Organizations: STOCKHOLM, Swedish Academy, North, MIT, Louis Brus of Columbia University, Nanocrystals Technology Inc, COVID, Economic Sciences Locations: Normandy, France, Hungarian, French, Swedish, The Hague, Netherlands
watch nowNobel Prize-winning economist Christopher Pissarides believes there's no need for the Federal Reserve to keep raising interest rates in the coming months, saying policymakers at the U.S. central bank should instead look to take a breather in the battle against inflation. His comments come shortly after data on Wednesday showed U.S. inflation fell sharply to a two-year low of 3% in June. The reading appeared to underscore the Fed's relative success in containing price rises following a rapid increase in interest rates. "I don't expect anything to happen to make them want to increase interest rates more, but I would definitely wait this time," he added. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.
Persons: Christopher Pissarides, CNBC's, Pissarides, Jerome Powell, Mandel Ngan Organizations: Federal Reserve, U.S, Wednesday, Fed, London School of Economics, Economic Sciences, AFP, Getty Locations: Washington ,, Europe, States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think there'll be a need for further rate hikes in the U.S., Nobel Laureate economist saysChristopher Pissarides, awarded the Nobel Memorial Prize in Economic Sciences in 2010, says Europe "might be a different story."
Persons: Christopher Pissarides Organizations: Economic Sciences Locations: U.S, Europe
“We thought there’d be a lot of discussion within the history profession for a while, but the public reaction is something else,” Professor Engerman told The Democrat and Chronicle of Rochester in May 1974. What is interesting is that such a conclusion is now necessary to convince white people.”Several months after “Time on the Cross” was published, about 100 historians, economists and sociologists gathered for a three-day conference to discuss the book at the University of Rochester, where Professor Engerman and Professor Fogel taught. The debate was so contentious that The Democrat and Chronicle described it as “scholarly warfare.” Some of the criticism focused on the two men’s emphasis on statistics over the brutal realities of slavery. “They deny the slave his voice, his initiative and his humanity,” the historian Kenneth M. Stampp said at the conference. “They reject the untidy world in which masters and slaves, with their rational and irrational perceptions, survived as best they could, and replace it with a model of a tidy, rational world that never was.”But the Marxist historian Eugene D. Genovese, whose own book about slavery, “Roll, Jordan Roll: The World the Slave Made,” was also published in 1974, called “Time on the Cross” an “important work” that had “broken open a lot of questions about issues that were swept under the rug before.”
Persons: there’d, Engerman, Fogel —, Douglass C, , Kenneth B, Clark, , Toni Morrison, Fogel, Kenneth M, Stampp, Eugene D, Genovese, Jordan, Organizations: New York Times Magazine, University of Rochester Locations: Rochester
Robert E. Lucas Jr., a contrarian Nobel laureate in economics who undergirded conservative arguments that government intervention in fiscal policy is often self-defeating, died on Monday in Chicago. His death was announced by the University of Chicago, where he began teaching as a professor in 1975 and remained a professor emeritus until his death. The announcement did not cite a cause. In awarding the Nobel Memorial Prize in Economic Sciences in 1995 to Professor Lucas, the fifth winner in economics from the University of Chicago in six years, the Swedish Royal Academy of Sciences described him as “the economist who has had the greatest influence on macroeconomic research since 1970.”While he propounded a number of groundbreaking if sometimes controversial theories, Professor Lucas was best known for his hypothesis of “rational expectations,” advanced in the early 1970s in a critique of macroeconomics.
The huge omnibus spending bill that was unveiled Tuesday contains an important series of provisions to help Americans save more. Congress built on that suggestion: the Pension Protection Act of 2006 encouraged employers to adopt automatic enrollment plans. The Secure 2.0 bill further codifies that practice into law. Americans don't save enough for retirement Remember the old "three legged stool" for retirement: personal savings, a pension and Social Security. Thank you, Richard Thaler Thaler won the Nobel Memorial Prize in Economic Sciences in 2017 for his contributions to understanding human behavior.
The findings in the early 1980s laid the foundations for regulating financial markets, the Nobel panel said. They’re among a group of seven former students Bloomberg reported it had spoken with who allege Dybvig sexually harassed them. The Nobel Peace Prize and Foundation didn’t immediately respond to email messages from the AP. University spokesperson Julie Flory told Bloomberg that the school doesn’t comment on specific cases but takes sexual misconduct seriously and will investigate any allegations. Miltenberg said it is his understanding that the investigation is in the preliminary stages and that the Title IX office wants to speak with Dybvig again.
Two trends risk slamming the US financial system, Douglas Diamond, one of the latest Nobel-winning economists, told Insider. Years of near-zero interest rates leave firms "really exposed" to surging borrowing costs, he added. Yet the coronavirus crisis and the following inflation spell have thrown the financial system into a sea of uncertainty. "With that circumstance, when you actually raise interest rates in a hurry, you're going to be really exposed. Interest rate increases also make companies' debt much pricier to service, which in turn raises the risk of bankruptcy.
Critics sometimes ask what practical good economic theory has done. The Nobel Prize in Economic Sciences awarded to Ben Bernanke on Monday along with Douglas Diamond of the University of Chicago and Philip Dybvig of Washington University in St. Louis provides a rejoinder. The laureates independently developed the theoretical foundations for why banks exist and why bank panics hurt. Mr. Bernanke put those theories into practice when the stakes could scarcely have been higher: as Federal Reserve chairman during the global financial crisis of 2007-09. All of finance deals with a problem known as “information asymmetry”: Borrowers know more about their creditworthiness than lenders do.
What’s happening: Markets and the Federal Reserve have conflicting temperaments, said Blinder. Markets are capricious while the Fed remains calm. Markets on average, said Blinder, overreact to inflation-related data by a factor of three to 10 times more than they should. The central bank announced Monday that it would provide extra support to UK markets, beefing up its efforts to ensure financial stability, reports my colleague Julia Horowitz. The research is especially relevant today as rapid interest rate hikes to combat inflation have sent markets into turmoil, drawing comparisons to 2008.
STOCKHOLM — This year’s Nobel Prize in economic sciences has been awarded to the former chair of the U.S. Federal Reserve, Ben S. Bernanke, and two U.S.-based economists, Douglas W. Diamond and Philip H. Dybvig, “for research on banks and financial crises.”The prize was announced Monday by the Nobel panel at the Royal Swedish Academy of Sciences in Stockholm. Last year, half of the award went to David Card for his research on how the minimum wage, immigration and education affect the labor market. The Nobel Economics Prize was awarded to a US trio for their contributions on explaining the role of banks in the economy. French author Annie Ernaux won this year’s Nobel Prize in literature Thursday. The Nobel Peace Prize went to jailed Belarus human rights activist Ales Bialiatski, the Russian group Memorial and the Ukrainian organization Center for Civil Liberties on Friday.
Bernanke, Diamond, Dybvig share Nobel prize in economics
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: 1 min
STOCKHOLM, Oct 10 (Reuters) - Ben Bernanke, Douglas Diamond and Philip Dybvig won the 2022 Nobel Economics Prize "for research on banks and financial crises", the Royal Swedish Academy of Sciences said on Monday. The prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel, is the last of this year's crop of Nobel awards and sees the winners share a sum of 10 million Swedish crowns ($883,954). ($1 = 11.3128 Swedish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Simon Johnson and Johan Ahlander, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
The winners of the Nobel Prize in Economic Sciences were announced Monday in Stockholm. The Nobel Prize in Economic Sciences was awarded Monday to former Federal Reserve chief Ben Bernanke and two other U.S. academics whose work helped governments and central bankers navigate the global financial crisis and avoid an economic depression of the kind seen during the 1930s. Mr. Bernanke, who served as chairman of the Fed during the crisis, is currently a distinguished senior fellow at the Brookings Institution. His fellow recipients are Douglas Diamond, an economist at the University of Chicago, and Philip H. Dybvig, an economist at Washington University.
U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel prize in economic sciences for 2022 for their research on banks and financial crises. They added this was "invaluable" during the 2008-09 financial crisis and the coronavirus pandemic. The winners of the prize — officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — receive 10 million Swedish krona ($883,000) to be split between them. The Royal Swedish Academy of Sciences select the winners from a list of candidates recommended by the Economic Sciences Prize Committee. He again cited the insurance sector in the U.K., when he said the "mismatch" came when there were calls for more collateral from insurance companies.
Members of the Royal Swedish Academy of Sciences Tore Ellingsen, Hans Ellegren and John Hassler announce the 2022 Nobel Prize for Economic Sciences, during a news conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden October 10, 2022. The winners are Ben S. Bernanke (USA), Douglas W. Diamond (USA) and Philip H. Dybvig (USA). "Some households and some firms are already weakened," Gernot Doppelhofer, professor at the economics department of the Norwegian School of Economics (NHH) said. The economics prize is not one of the original five awards created in the 1895 will of industrialist and dynamite inventor Alfred Nobel. It was established by Sweden's central bank and first awarded in 1969, its full and formal name being the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Bernanke bank-crisis Nobel requires markets sequel
  + stars: | 2022-10-10 | by ( Liam Proud | ) www.reuters.com   time to read: +4 min
LONDON, Oct 10 (Reuters Breakingviews) - Rarely has an academic put theory into practice like Ben Bernanke. Yet the resulting era of tight bank regulation and ultra-low interest rates helped build up risks in financial markets which are only slowly becoming apparent. Bernanke’s research, and that of fellow laureates Douglas Diamond and Philip Dybvig, put lenders at the heart of the economy. In 2021, they accounted for about half of total global financial assets, compared with two-fifths for banks. Years of loose monetary policy, under Bernanke and his successors, have pushed many of these market players to take on more risk.
London CNN Business —Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. Bernanke, who led the US central bank during the 2008 global financial crisis, received the award for his research on the Great Depression. While Bernanke served as chair, the central bank pioneered a program of quantitative easing, buying up assets to help stimulate economic growth. The Nobel prize, officially known as the Sveriges Riksbank Prize in Economic Sciences, comes with an award of 10 million Swedish kronor ($885,370) to be split equally among the laureates. It was not instituted by Alfred Nobel, but established by Sweden’s central bank and awarded in memory of Nobel.
Total: 25