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The Erwin Plein Nemmers Prize in Economics

Nominations are currently closed.

The $300,000 Erwin Plein Nemmers Prize is awarded for achievement and work of lasting significance in the field of economics. The prize was established in 1994. Recipients of the Erwin Plein Nemmers Prize present lectures, participate in department seminars, and engage with Northwestern faculty and students in other scholarly activities.

2024 Winner

Image Courtesy Columbia University

Michael Woodford

John Bates Clark Professor of Political Economy, Columbia University

For “advancing the New Keynesian approach to understanding economic fluctuations in general equilibrium, bridging the theory and the practice of monetary policy, and incorporating bounded rationality in macroeconomics.”

Woodford has worked extensively on macroeconomic modeling, focusing in particular on the role of expectations and alternative models of expectation formation in the propagation of economic disturbances, and in the effects of alternative monetary policies. Read more.

Learn about past Erwin Plein Nemmers Prize in Economics winners.

Make a Nomination

Nominations are currently closed.

Nominating letters should be a maximum of 1,000 words and should describe the nominee's professional experience, accomplishments and qualifications for the award. Candidacy is open to those with careers of outstanding achievement in their discipline as demonstrated by major contributions to new knowledge or the development of significant new modes of analysis. Individuals of all nationalities and institutional affiliations are eligible except current or recent members of the Northwestern University faculty and recipients of the Nobel Prize.

Submissions should also include the nominee's curriculum vitae. Nominations from experts in the field are preferred to institutional nominations; self-nominations will not be accepted.

Learn more about the Erwin Plein Nemmers Prize in Economics at the Weinberg College of Arts & Sciences' Department of Economics.

Submit a Nomination Online

Erwin Plein Nemmers Prize in Economics Medal

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