Germán Bernácer prize awarded to Matteo Maggiori

Macroeconomist Matteo Maggiori has won the 2022 Germán Bernácer prize in economics.

He is the Moghadam Family Professor of Finance at the Stanford Graduate School of Business, and his research focuses on international macroeconomics and finance. Maggiori is also a co-founder and director of the Global Capital Allocation Project.

In a statement announcing their selection, the award organizers said: “The Selection Committee of the German Bernacer Prize has decided to award the 21th edition of the prize to Matteo Maggiori ‘for his influential research on international finance and macroeconomics, including asset pricing and exchange rate dynamics’.”

The Germán Bernácer Prize is awarded annually to a European economist under age 40 who is judged to have made outstanding contributions in the fields of macroeconomics and finance.

This selection committee for 2022 was comprised of Luis de Guindos (chair), Ralph Koijen, Jose Luis Peydro (secretary), Monika Piazessi, Lucrezia Reichlin, Stephanie Smith-Grohe, Philipp Schnabl, Silvana Tenreyro and Anette Vissing-Jorgensen.

Maggiori’s research topics have included the analysis of exchange rate dynamics, global capital flows, the international financial system, reserve currencies, tax havens, bubbles, expectations and portfolio investment, and very long-run discount rates.

He is a faculty research fellow at the National Bureau of Economic Research and a research affiliate at the Center for Economic Policy Research. He received his PhD from the University of California at Berkeley.

Among a number of honors, he is the recipient of the 2021 Fischer Black Prize, the 2022 Carnegie and 2019 Guggenheim Fellowship, and the 2019 Carlo Alberto Medal to an outstanding Italian economist under the age of 40. His research has been funded by the National Science Foundation.