Each year, the Bendheim Center for Finance awards the Ben Bernanke Prize in Financial and Monetary Economics to an exceptional Princeton Ph.D. student (or students) who have written an outstanding draft of a “job market paper” for the subsequent academic job market in the fields of finance or monetary economics.
This year, Ph.D. candidate Ziang Li has been awarded this prestigious prize. Li’s job market paper studies how long-term interest rates negatively impact corporate bond credit spreads through the balance sheets of life insurers. See more about Li’s research on his website.
The prize is named in honor of Ben Bernanke, who as Chairman of Princeton’s Department of Economics established the Bendheim Center for Finance. During his distinguished tenure at Princeton, Bernanke shaped Princeton and taught at the graduate and undergraduate levels.