New York University finance professor Johannes Stroebel has won the 2023 Fischer Black Prize.
The prize is given biannually by the American Finance Association to recognize outstanding contributions to the field of financial research by a scholar under the age of 40.
Stroebel’s research focuses on climate finance, household finance, social network analyses, real estate economics, and macroeconomics.
The $50,000 award honors the memory of Fischer Black, who was formerly a General Partner at Goldman Sachs and a professor of finance at the University of Chicago and at the Massachusetts Institute of Technology.
The winner must be either under the age of 40, or under the age of 45 if they have not received a Ph.D. by age 35.
In addition to his appointment at NYU’s Stern School of Business, Stroebel is currently an Associate Editor at both The Journal of Political Economy and Econometrica, and is the Foreign Editor at The Review of Economic Studies.
He is also a research associate at the National Bureau of Economic Research, a research affiliate at the Center for Economic and Policy Research, and a research fellow at the CESifo. Stroebel obtained his doctorate from Stanford Unviersity.
Commenting on the award, Stroebel said: “I am glad that the award recognizes the advances made by me and many others in better understanding the economic and financial implications of climate change, and the importance of social interactions in driving economic decisions.”
NYU Stern Finance Department Chair David Yermack said: “Having the opportunity to work alongside such a creative and generous colleague has been one of the highlights of my career, and this prestigious award is richly deserved.”