The Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to Ben Bernanke, Douglas Diamond, and Philip Dybvig for significantly improving our understanding of the role of banks in the economy, particularly during financial crises.

            Bernanke is a American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Fed, he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman, Bernanke oversaw the Federal Reserve‘s response to the late-2000s financial crisis, for which he was named the 2009 Time Person of the Year.

Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave.