Winners of the Nobel Prize in economics this year were rewarded for their work in the 1980s that 'significantly improved' the world's understanding of the role of banks in an economy, including the central bank, during financial crises.
Nobel Prize 2022: Frenchman Alain Aspect, American John F. Clauser and Austrian Anton Zeilinger had shown that tiny particles can retain a connection with each other even when separated, a phenomenon known as quantum entanglement, that can be used for specialized computing and to encrypt informatio
By honouring Bernanke, the prize committee have taken an unusual step of adding an actual practitioner of economics policy to their pantheon. By contrast, many prior winners have stayed firmly rooted in academia