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Evening Standard
Evening Standard
Business
Nuray Bulbul

Who is Ben Bernanke? Economist honoured with a Nobel Prize for work on Great Depression

Ben Bernanke Great Depression Depression Nobel Prize US Federal Reserve

Ben Bernanke was previously the chairman of the Federal Reserve

(Picture: Reuters)

The former head of the Federal Reserve Ben Bernanke was awarded the economics Nobel prize today (October 10) for his research on banking and financial crises.

As well as Bernanke, The Royal Swedish Academy of Sciences also recognised the work of two other US economists, Douglas Diamond and Philip Dybvig, for their early 1980s research, which the institute said laid the groundwork for our current comprehension behind why banks are necessary.

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