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Matteo Maggiori, the Moghadam Family Professor of Finance at Stanford Graduate School of Business has been awarded the , given annually to a European economist under age 40 who has made outstanding contributions in macroeconomics and finance.

Maggiori, who is a senior fellow at the Stanford Institute for Economic Policy Research (SIEPR), was honored for his “influential research on international finance and macroeconomics, including asset pricing and exchange-rate dynamics.”

“I am very pleased that this year’s prize is awarded to Matteo Maggiori for his outstanding contributions on very topical subjects… at the core of the Bernácer Prize,” says Luis de Guindos, vice president of the European Central Bank and chair of the Bernácer Prize selection committee. “Combining theory and data, his work on the international monetary system, global capital flows or international currencies, are of great relevance for research and economic policy.”

“I was truly honored to be awarded the Bernácer Prize,” Maggiori says. “It is a wonderful and long-standing prize that highlights the depth of research in macro and finance carried out by European economists.”

It is the latest in a series of awards earned by Maggiori, who earlier this year was named a Carnegie Fellow. In 2021, he won the , awarded to an outstanding financial economist under the age of 40; in 2019 he earned a Guggenheim Fellowship as well as the Carlo Alberto Medal, presented to an outstanding Italian economist under 40.

Maggiori is a cofounder and director of the , which aims to improve international economic policy by studying how capital moves around the world. He and three collaborators recently co-authored that examines China’s efforts to establish itself as an international currency provider.

Previous winners of the Bernácer Prize include �������senior fellows Nicholas Bloom in 2012 and Monika Piazzesi in 2005.

A version of this story was by Stanford Graduate School of Business.