The Chicago Booth professor will begin work at the reserve bank in January.
She receives the award for her research on economic policy across an array of different areas.
The Brazilian central banker assumes office on Dec. 19.
He will join the institution on Jan. 1 next year.
Among the economists being considered are the deputy director of Mexico’s central bank, an IMF executive and a former finance minister of Chile.
His work focused on macroeconomic problems in developing economies, and he led MIT’s economics department between 1986 and 1990.
The New School emeritus professor was widely known for his contribution to structural economics.
Berry’s research examines human capital in developing countries, with a particular focus on education and children’s health.
Tong Liu, Lira Mota and Kerry Siani are among 9 recent hires by the business school.
Susan Athey’s research focuses on the economics of digitization and marketplace design.