The Bernhard Harms Prize, named after the founder of the Kiel Institute, is awarded every two years. The prize in particular honors scholars with a distinguished record in the field of international economics.
The prize includes a cash award of 25,000 Euro which is contributed by the Society for the Promotion of the Kiel Institute. The prize was awarded for the first time in 1964 in honor of the 50th anniversary of the founding of the Institute.
The Bernhard Harms Lectures, which are given by the prize-winners at the award ceremony are now regularly published in the Institute’s international journal "Review of World Economics / Weltwirtschaftliches Archiv".
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.