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How to build a cohesive society

6pm Tue 4 June | Margaret Levi, Marc Stears, Jonathan Wolff | Registration Required | Free public event at LSE ....

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Michael Lipton Lecture - Institute of Development Studies

Michael Lipton Lecture - Institute of Development Studies
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World Bank, IMF Launch High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth

World Bank, IMF Launch High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth
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Bernanke, Gertler, Kiyotaki and Moore win the Frontiers of Knowledge Award in Economics


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IMAGE: Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki, and John Moore, winners of the BBVA Foundation Frontiers of Knowledge Award in Economics.
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Credit: BBVA FOUNDATION
The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category has gone in this thirteenth edition to Ben Bernanke (The Brookings Institution, Washington DC), Mark Gertler (University of New York), Nobuhiro Kiyotaki (Princeton University) and John Moore (University of Edinburgh) for fundamental contributions to our understanding of how financial market imperfections can amplify macroeconomic fluctuations and generate deep macroeconomic recessions, in the words of the award citation.
In the last 15 years, says the committee, advanced economies have been hit by large macroeconomic shocks arising from the financial side. By 2008, fuelled by the liquidity glut stemming from emerging countries and by lax prudential supervision, man ....

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