This year’s winners are:

Saki Bigio, “A Q-Theory of Banks.” The Review of Economic Studies, vol. 93(1): 106–143. With Juliane Begenau, Jeremy Majerovitz, and Matias Vieyra.

Pamela Medina, “Labor Market Power, Self-Employment, and Development”, American Economic Review, 115(9), 3014–3057. With Francesco Amodio and Monica Morlacco.

Sergio Correia, “The Debt-Inflation Channel of German (Hyper)Inflation,” American Economic Review, 115 (7): 2111–50. With Markus Brunnermeier, Stephan Luck, Emil Verner, and Tom Zimmermann.

Gianmarco León-Ciliotta. “Promotions and Productivity: The Role of Meritocracy and Wage Progression in the Public Sector.” American Economic Review: Insights, 7(1): 71–89. With Erika Deserranno and Philipp Kastrau.

Congratulations to the winners!