2022 | Junior Research Prize - SCOR-PSE Chair, Macroeconomic Risk
The SCOR-PSE Chair awarded the 2022 Junior Research Prize to Ian Dew-Becker, Associate Professor of Finance at the Kellogg School of Management, Northwestern University.
Paris, April 19, 2023 – The SCOR-PSE Chair, created in 2017 by the SCOR Foundation for Science and the Paris School of Economics (PSE), presented its 2022 Junior Research Prize to Ian Dew-Becker, Associate Professor of Finance at the Kellogg School of Management, Northwestern University. Ian is also an affiliate at the National Bureau of Economic Research, an editor at the Review of Finance, and an associate at the Journal of Financial Economics. The award ceremony took place online on Thursday, April 19, 2023, and was followed by a presentation of the winning paper“Tail Risk in Production Network” by the authors. The judging panel was headed by Gilles Saint-Paul, professor at ENS and PSE, and scientific director of the Chair.
André Levy-Lang, chairman of the SCOR Foundation for Science, commented: “This year’s SCOR-PSE Junior Research Prize has been awarded to Ian Dew-Becker for his work entitled “Tail Risk in Production Network”, which studies the response of the economy to large shocks in the context of a general nonlinear network production model, with a focus on large deviations in GDP. The analysis shows that it is upstream sectors that produce inputs for a large fraction of GDP that are most systemically risky, i.e., a large shock to them will spill over into the rest of the economy, while sectors that exclusively produce final outputs do not produce systemic risk. Ian Dew-Becker’s research yields a description of the determinants of tail risk, a measure of the risk associated with large shocks to individual sectors, and an assessment of the tail of the probability distribution of GDP. This work is particularly inspiring and propitious.”
About the SCOR-PSE Chair
Under the scientific leadership of Gilles Saint-Paul (PSE, ENS) and the executive leadership of Axelle Ferrière (PSE, CNRS), the SCOR-PSE Chair, created in June 2017, aims to promote the development and dissemination of research into macroeconomic risk, in particular rare events and uncertainties that remain difficult to model. It publishes articles, organizes an annual conference and gives out the Junior Research Prize each year.
You will be able to find the information related to the conference on annual lecture reference page.
Click here to register: Annual Lecture of the Macroeconomic Risk Chair.