Four young economists based in the United States will receive this year’s Excellence Awards in Global Economic Affairs from the Kiel Institute for the World Economy (IfW). Created to promote young talent, the Excellence Awards are open to researchers and academics up to 35 years of age. The winners for 2016 are:
- Ufuk Akcigit (University of Chicago) for his work in the field of growth policy. His key areas of research include the influence of innovation and competition on economic growth.
- David Atkin (Massachusetts Institute of Technology) for his contributions to development policy. Atkin’s findings include evidence that the penetration of global retail chains into developing markets can reduce local living costs and thus have a positive effect on economic prosperity.
- Javier Bianchi (Federal Reserve Bank of Minneapolis) for his research on monetary and economic policy. In one research project, Bianchi examines the reasons for the excessive private-sector debt that became apparent during the global financial crisis.
- Nicolas Sly (University of Oregon) for his research into the international division of labor. In one of his working papers, Sly examines the impact of offshoring on domestic labor markets. In the case of the United States, he concludes that new jobs overseas help create new jobs at home.
Each of the four winners will be awarded a Research Fellowship at the Kiel Institute funded through separate scholarship programs (Horst Siebert Fellowship, Porsche Fellowship, Landeshauptstadt Kiel Fellowship, and Kiel Institute Fellowship). As Research Fellows, the young economists will receive content-related and organizational support from a number of prominent researchers as well as the opportunity to participate in research projects at the Kiel Institute. The aim of the Kiel Institute’s Excellence Awards in Global Economic Affairs is to build an international community of young economic researchers. The Excellence Awards have been presented annually since 2007.
The award ceremony will be held on Saturday, June 18, 2016 as part of the program of events for the Global Economy Prize.