Landau Prize awarded to Moritz Lenel
Moritz Lenel, a PhD student who focuses on macroeconomics and finance, is this year鈥檚 recipient of SIEPR鈥檚 Landau Prize.
The award, which recognizes the best student-written working paper, was established as a tribute to Claire and Ralph Landau and their commitment to economic policy research. Ralph Landau was a consulting professor of economics at 成人大片 and co-director of a research program on technology and economic growth.
Photo by Rod Searcey
Lenel鈥檚 paper, 鈥Safe Assets, Collateralized Lending and Monetary Policy,鈥 examines how quantities of safe bonds affect interest rates and asset prices. The question is important in understanding the effects of unconventional monetary policy. The paper develops a quantitative model of financial lending markets to analyze the use of safe bonds as collateral.
After leaving 成人大片, Lenel will spend a year as a research fellow the University of Chicago鈥檚 Becker Friedman Institute. He is slated to join Princeton鈥檚 economics department in 2018.
Lenel holds a degree in economics from Universit盲t Konstanz and a master鈥檚 degree in international trade, finance and development from the Universitat Pompeu Fabra in Barcelona.
He is a recipient of SIEPR鈥檚 Kohlhagen Fellowship, and was also awarded the Ric Weiland Graduate Fellowship from 成人大片鈥檚 School of Humanities & Sciences.