Professor John Moore has won the prestigious 2020 BBVA Foundation Frontiers of Knowledge Award. He wins the award jointly with Professor Ben Bernanke, Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, Professor Mark Gertler, Henry and Lucy Moses Professor of Economics at New York University, and Professor Nobuhiro Kiyotaki, Harold H. Helm 1920 Professor of Economics and Banking at Princeton University.
The award citation reads: “Professors Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki and John Moore have made fundamental contributions to our understanding of how financial market imperfections can amplify macroeconomic fluctuations and generate deep macroeconomic recessions.”
The BBVA Foundation Frontiers of Knowledge Awards are intended to recognize basic research and creative work of excellence as embedded in theoretical advances, models and fundamental perspectives for an improved understanding of the natural, social and artificial or technological worlds, technological innovations and developments, and the creation of outstanding works or new artistic or interpretative styles in contemporary classical music. The previous winners of the Frontiers of Knowledge Award for economics are Jean Tirole (2008), Andreu Mas-Colell and Hugo Sonnenschein (2009), Lars Hansen (2010), Sir Angus Deaton (2011), Paul Milgrom (2012), Elhanan Helpman (2013), Sir Richard Blundell and David Card (2014), Robert Wilson (2015), Daron Acemoglu (2016), Robert Porter, Ariel Pakes and Timothy Bresnahan (2017), Claudia Goldin (2018), Philippe Aghion and Peter Howitt (2019)