She took up a professorship at Johannes Kepler University Linz on Oct. 1.
They received the award for their work on how institutions are formed and affect prosperity.
The $75,000 prize rewards research that explores the relationship between long-term, interdisciplinary thinking and radical innovation.
The role has remained vacant since Fiona Scott Morton withdrew last summer following French opposition to her appointment.
The Stanford professor will provide economic advice to the consulting firm’s commercial AI division.
David Byrne, Katharine Kemp and Flavio Menezes join the statutory body.
His core research fields include asset pricing and financial econometrics.
He is an expert on monetary economics and joins from the European Central Bank.
The econometrician was previously at the World Health Organization and obtained his Ph.D. from University College Cork.
The macroeconomist takes up the appointment on Sept. 2.