The Nobel Memorial Prize in Economic Sciences is set to be announced in Sweden.
FILE - The 2021 Nobel Prize for Literature medal presented to Abdulrazak Gurnah, a Tanzanian-born novelist and emeritus professor who lives in the UK, is displayed before a ceremony to present to him at the Swedish Ambassador's Residence in London, Monday, Dec. 6, 2021. The start of October is when the Nobel committees get together in Stockholm and Oslo to announce the winners of the yearly awards.
The winner or winners unveiled by The Royal Swedish Academy of Sciences follow the awards in medicine, physics, chemistry, literature and peace that were announced last week. The economics award was created in 1968 by Sweden's central bank and is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
Last year's winners were former Federal Reserve Chair Ben Bernanke, Douglas W. Diamond and Philip Dybvig for their research into bank failures that helped shape America’s aggressive response to the 2007-2008 financial crisis.prize for literatureCopyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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