Frisch Medal
Encyclopedia
The Frisch Medal is an award in econometrics
given by the Econometric Society
. It is awarded every two years for empirical or theoretical applied research published in Econometrica
during the previous five years. The award was named in honor of Ragnar Frisch, first recipient of the Nobel prize in economics and editor of Econometrica from 1933 to 1954.
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
given by the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
. It is awarded every two years for empirical or theoretical applied research published in Econometrica
Econometrica
Econometrica is a peer-reviewed academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell. Econometrica is one of the most highly ranked economics journals in the world...
during the previous five years. The award was named in honor of Ragnar Frisch, first recipient of the Nobel prize in economics and editor of Econometrica from 1933 to 1954.
Winners
- 2010 – Nicholas Bloom for “The Impact of Uncertainty Shocks”
- 2008 – David CardDavid CardDavid Edward Card is a Canadian labour economist and professor at the University of California, Berkeley.Card earned his B.A. degree from Queen's University in 1978 and his Ph.D. degree in Economics in 1983 from Princeton University....
and Dean R. Hyslop for “Estimating the Effects of a Time-Limited Earnings Subsidy for Welfare-Leavers,” Econometrica, 73(6), November 2005, 1723-177 - 2006 – Fabien Postel-Vinay and Jean-Marc Robin for “Wage Dispersion with Worker and Employer Heterogeneity,” Econometrica
- 2004 – Jonathan Eaton and Samuel Kortum for “Technology, Geography, and Trade,” Econometrica, 70(5), September 2002, 1741–1779.
- 2002 – Ricardo J. CaballeroRicardo J. CaballeroRicardo Jorge Caballero is a Chilean macroeconomist who holds the Ford International chair of economics at the Massachusetts Institute of Technology. He received his PhD from MIT in 1988, and he taught at Columbia University before returning to the MIT faculty...
and Eduardo M.R.A. Engel for "Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach", Econometrica, 67, July, 1999, pp. 783-826. - 2000 – Richard BlundellRichard BlundellRichard Blundell, CBE, FBA is a British Economist and Econometrician.He is currently the David Ricardo Professor of Political Economy at University College London and Research Director at Institute for Fiscal Studies...
, Alan DuncanAlan DuncanAlan James Carter Duncan is a British Conservative Party politician. He is the Member of Parliament for Rutland and Melton, and a Minister of State in the Department for International Development....
, and Costas MeghirCostas MeghirCostas Meghir is a Greek-British economist who graduated from the University of Manchester in 1985. He was awarded the Ragnar Frisch Medal in 2000 for the article Estimating Labour Supply Responses using Tax Reforms in Econometrica...
for "Estimating Labor Supply Responses Using Tax Reforms", Econometrica, 66, July, 1998, pp. 827-861. - 1998 – Robert M. TownsendRobert M. TownsendRobert M. Townsend is an American economist and professor, the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology. Prior to joining MIT, he was the Charles E...
for "Risk and Insurance in Village India", Econometrica, 62, May, 1994, pp. 539-591. - 1996 – Steven T. Berry for "Estimation of a Model of Entry in the Airline Industry", Econometrica, 60, July, 1992, pp. 889-917.
- 1994 – Larry G. Epstein and Stanley E. ZinStan ZinStanley Eugene Zin is a Canadian economist. He is currently the William R. Berkley Professor Economics and Business at the Leonard N. Stern School of Business, New York University. From 1988 to 2009 he was the Richard M. Cyert and Morris H. DeGroot Professor of Economics and Statistics at the...
for "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework", Econometrica, 57, July, 1989, pp. 937-969. - 1992 - John Rust for "Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher", Econometrica, 55, September, 1987, pp. 999-1033.
- 1990 – David M. G. Newbery for "Road Damage Externalities and Road User Charges," Econometrica, 56, March, 1988, pp. 295-316.
- 1988 – Ariel Pakes for "Patents as Options: Some Estimates of the Value of Holding European Patent Stocks", Econometrica, 54, July, 1986, pp. 755-784.
- 1986 – Jeffrey A. Dubin and Daniel L. McFaddenDaniel McFaddenDaniel Little McFadden is an econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman ; McFadden's share of the prize was "for his development of theory and methods for analyzing discrete choice". He was the E. Morris Cox Professor of Economics at the...
for "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption", Econometrica, 52, March, 1984, pp. 345-362. - 1984 – Lars Peter HansenLars Peter HansenLars Peter Hansen is an economist at the University of Chicago.- Biography :After graduating from Utah State University and the University of Minnesota Lars Peter Hansen (b. October 26, 1952 in Champaign, Illinois) is an economist at the University of Chicago.- Biography :After graduating from...
and Kenneth J. SingletonKenneth Singletonfor the American baseball player see Ken SingletonKenneth Jan "Ken" Singleton is an American economist. He is a leading figure in empirical financial economics, and a faculty member at Stanford University....
for "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models", Econometrica, 50, September, 1982, pp. 1269-1286. - 1982 – Orley AshenfelterOrley AshenfelterOrley Clark Ashenfelter . is an American economist. He is a professor of economics at Princeton University and also the director of the Industrial Relations Section at Princeton University. His areas of specialization include labor economics, econometrics, and law and economics.Born in San...
for "Unemployment as Disequilibrium in a Model of Aggregate Labor Supply", Econometrica, 48, April, 1980, pp. 547-564. - 1980 – Jerry A. HausmanJerry A. HausmanJerry A. Hausman is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology and a famous econometrician. He has also published numerous papers in applied microeconomics...
and David A. Wise for "Attrition Bias in Experimental and Panel Data: The Gary Income Maintenance Experiment", Econometrica, 47, March, 1979, pp. 455-473. - 1978 – Angus S. DeatonAngus DeatonAngus Stewart Deaton is a leading microeconomist. He was educated at Fettes College in Edinburgh, where he was a Foundation Scholar, and earned his B.A., M.A., and Ph.D...
for "The Analysis of Consumer Demand in the United Kingdom, 1900-1970", Econometrica, 42, March, 1974, pp. 341-367.
External links
- Award page on the official site of the Econometric Society http://www.econometricsociety.org/frischmedal.asp