Newswise — The 2014 Bernácer Prize has been awarded to University of Chicago Booth School of Business Professor Veronica Guerrieri for her influential research contributions regarding the application of search theory to explain the emergence of illiquidity and fire sales in different asset markets.
The Bernácer Prize is awarded annually to European economists under the age of 40, who have made outstanding contributions in the fields of macroeconomics and finance.
Guerrieri is the Ronald E. Tarrson Professor at Chicago Booth where she studies macroeconomics, search theory, labor and financial market frictions, dynamic contracting and growth theory.
In 2013, she was awarded the Carlo Alberto Medal for the best Italian economist under 40. She is a research associate of the National Bureau of Economic Research and associate editor of the American Economic Review and the Journal of Economic Literature. She has been a consultant at the Federal Reserve Bank of Chicago since 2014.
Guerrieri earned her bachelor’s and master’s degrees in economics from Università Commerciale Luigi Bocconi in Milan in 2000 and 2001, respectively, and a PhD in economics from Massachusetts Institute of Technology in 2006. She joined Chicago Booth in 2006.
Her research has been published widely in leading journals including the American Economic Review, Econometrica, and the Journal of Political Economy. Her research has often been featured in the economic press.The Bernácer Prize was established in 2001 to recognize the work of young economists from the European Union and to stimulate research on European macroeconomics and financial issues.
The Committee Members of the 2014 German Bernacer Prize are Dr. Vitor Constancio (Chair) ; Prof. Juan J. Dolado (Secretary); Prof. Francesco Giavazzi, Prof. Jordi Galí, Prof. Evi Pappa, Prof. Edward C. Prescott, Dr. José Viñals and Prof. Charles Wyplosz.
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