Loukas Karabarbounis wins the Bernácer Prize

Congratulations to Professor Loukas Karabarbounis! He has been chosen to receive this year's Bernácer Prize, awarded annually to an outstanding European economist under the age of 40 who has made significant contributions in the fields of macroeconomics and finance. The selection committee commended Karabarbounis “for his influential research on the interaction between labor and capital market imperfections and macroeconomic outcomes." 

The prize was established in 2001 to recognise the work of young economists from the European Union and to stimulate research on European macroeconomics and financial issues. The prize includes a cash award of €30,000.

Luis de Guindos, vice president of the European Central Bank and chair of the selection committee, presented the award virtually. "The rigour, innovative approaches and policy relevance of Loukas's work make him a deserved recipient of this prize and, more generally, of the recognition from both academics and policymakers," de Guindos said.

Christopher Phelan, chair of Minnesota's Department of Economics, offered his congratulations on this honor. "With this prize and his previous Bodossaki Distinguished Young Scientist Award in the field of Social-Economic Sciences, Loukas Karabarbounis has established himself one of the world’s preeminent applied macroeconomists. We are thrilled to have him as a colleague."

Professor Karabarbounis is co-director of MEBDI, the Minnesota Economics Big Data Institute, and senior consultant at the Federal Reserve Bank of Minneapolis.