Paris, February 29, 2024 – The SCOR-PSE Chair, created in 2017 by the SCOR Foundation for Science and the Paris School of Economics (PSE), presented its 2023 Junior Research Prize to Rohan Kekre, Associate Professor in Macroeconomics at University of Chicago Booth School of Business and Moritz Lenel, Assistant Professor at Princeton University. The award ceremony took place online on Thursday, February 29, 2024, and was followed by a presentation of the winning paper "The Flight to Safety and International Risk Sharing” by the authors. The judging panel was headed by Gilles Saint-Paul, professor at ENS and PSE, and Scientific Director of the Chair.
 

Pierre-André Chiappori, Chairman of the SCOR Foundation for Science, commented: "This year’s SCOR-PSE Junior Research Prize has been awarded to Rohan Kekre and Moritz Lenel, for their work entitled “The Flight to Safety and International Risk Sharing”, which studies a business cycle model of the international monetary system featuring a time-varying demand for safe dollar bonds, greater risk-bearing capacity in the U.S. than the rest of the world, and nominal rigidities. They demonstrate that a flight to safety generates a dollar appreciation and a decline in global output. This work is particularly inspiring and propitious".

Biographies

Rohan Kekre
Rohan Kekre is an Associate Professor in Macroeconomics at the University of Chicago Booth School of Business and a Faculty Research Fellow at the National Bureau of Economic Research. He studies business cycles and stabilization policy. His current research focuses on the role of heterogeneity and asset prices in this context.

Moritz Lenel
Moritz Lenel is an Assistant Professor at the Bendheim Center for Finance at Princeton University’s Department of Economics and a Faculty Research Fellow at the National Bureau of Economic Research. His research interests are in macroeconomics and finance.

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.