Noble prize 2022: Economics

Nobel Prize in Economic sciences Mr. Bernanke was recognised on Monday along with Douglas W. Diamond and Philip H. Dybvig.

On the Great Depression to work reviving the American economy after the 2007-2008 financial crisis, won the Nobel Prize

“Financial crises and depressions are kind of the worst thing that can happen to the economy,” said John Hassler of the Committee for the Prize in Economic Sciences.

“These things can happen again. And we need to have an understanding of the mechanism behind those and what to do about it. And the laureates this year provide that,” he added.