DPhil Student wins 2020 Young Economist Award

16 Sept 20

DPhil Student wins 2020 Young Economist Award

Alistair Macaulay recognised by the European Economic Association for paper on the effect of household savings choices on the business cycle

Nuffield DPhil student in Economics Alistair Macaulay has been named one of three 2020 Young Economist Award winners by the European Economic Association (EEA).

The award is given to authors under 30 years of age or no more than 3 years past their PhD defence who have contributed outstanding papers during the EEA annual congresses.

Alistair received the award based on his paper ‘Cyclical Attention to Saving’, which finds that savers pay more attention to savings choices in recessions, which substantially amplifies business cycle fluctuations.

On receiving the award, Alistair said:

“I have been working on this project for a long time, and I’m delighted that it has been recognized in this way. It confirms that the long hours spent digitising old financial advice magazines were worth it! Nuffield has been a fantastic environment for me to carry out this research – the regular discussions with fellows and students have played a significant role in the development of the project.”

Alistair was also first runner-up at the Society for Computational Economics’ 2020 Graduate Paper Contest with the same paper.