Economics, the Nobel to Bernanke, Diamond and Dybvig
The former Fed chairman and two other financial experts awarded for their research on the banking systemThe ceremony in Stockholm (Ansa-Epa)
Ben Bernanke, former Fed chairman, Douglas W. Diamond and Philip H. Dybvig.
They are the winners of the Nobel Prize for Economics 2022 , an award assigned to them - explains the Royal Academy of Sciences of Sweden - for "research on banks and financial crises" .
"Central banks are able to defeat inflation, we often forget a lesson from Milton Friedman and that is that the monetary policy of central banks acts with a delay," said Diamond, a professor at the University of Chicago, who spoke. in connection with Sweden during the ceremony. "However - added Diamond -" part of the problem are the very large deficits around the world: monetary policy and fiscal policy must work together ".
Diamond also pointed out that the global financial system today "is much better prepared" for the eventuality of a financial crisis than in 2008.
(Unioneonline / lf)
