The Nobel Prize in Economic Sciences was awarded Monday to former Federal Reserve Chairman Ben Bernanke and two other American academics whose work helped governments and central bankers navigate the global financial crisis and avoid a depression economy like that of the 1930s.
Mr. Bernanke, who served as Fed chairman during the crisis, is currently a distinguished senior fellow at the Brookings Institution. His fellow recipients are Douglas Diamond, an economist at the University of Chicago, and Philip H. Dybvig, an economist at the University of Washington.