Every year, the Kiel Institute awards the Bernhard-Harms-Prize, with the support of the Society for the Advancement of the Kiel Institute for the World Economy. The prize is endowed with 10,000 Euros. It particular honors scholars with a distinguished record in the field of international economics.
The prize is awarded by decision of the Prize Board of the Society for the Advancement of the Kiel Institute for the World Economy. It bears the name of the institute's founder and is presented in an academic ceremony. The "Bernhard-Harms-Lecture" held at this event has been published in the journal "Review of World Economics / Weltwirtschaftliches Archiv" for several years.
The Bernhard-Harms-Prize was first awarded in 1964 on the occasion of the 50th anniversary of the Institute for the World Economy and was bestowed every two years until 2018. From 2020 onwards, it was to be awarded annually, but unfortunately this had to be postponed due to the corona pandemic.
Kiel Institute’s Bernhard Harms Prize 2018 to Prof. Carmen Reinhart awarded
US economist Prof. Carmen Reinhart, Ph.D., received the Bernhard Harms Prize 2018 from the Kiel Institute for the World Economy. She is Professor of the International Financial System at Harvard University and gained international recognition for her empirical studies on the causes and consequences of financial crises. She is one of the most cited economists worldwide.
According to the jury, Carmen Reinhart has shaped the research agenda as well as public debate on the topics of sovereign debt, international capital and commodity markets, and debt crises for decades. She has contributed significantly to the empirical shift in economics. As early as the 1980s, when macroeconomic research was still almost exclusively theoretical and math-oriented, Reinhart focused on evidence-based research relevant to economic policy.