Winners of the Nobel Prize in Economics include former Fed Chairman Ben Bernanke

The Nobel Prize in economic sciences was awarded on Monday to the former governor of the central bank Ben Bernanke and two other American academics whose work helped governments and central bankers navigate the global financial crisis and avoid an economic depression of the kind seen in the 1930s.

Mr. Bernanke, who served as Fed chairman during the crisis, is currently a distinguished senior fellow at the Brookings Institution. His co-recipients are Douglas Diamond, economist at the University of Chicago, and Philip H. Dybvig, economist at Washington University.

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