The Abramson Awards

Each year since 1986, The Editorial Board of Business Economics reviews the feature articles published in Business Economics in the four issues ending in July of that year and votes to select those considered exceptional. Upon their recommendation, the Board of Directors of NABE presents to the authors the Abramson Award for the best article and Abramson scrolls for outstanding articles. These awards commemorate Adolph Abramson, the founder and first President of NABE. Back to the Hall of Fame

Past Winners of the Abramson Awards

2023

 Abramson Award                          
Mary Kelly, Villanova University, and Christopher Swann, CBE, Temple University,
“Disruption in the Meat Industry: New Technologies in Nonmeat Substitutes”
 Abramson Scroll
Edward Pinto, AEI Housing Institute, “Housing Market Trends: Analyzing Housing Dynamics, Evaluating Mortgage Risk,
and Understanding the Impact of Filtering on Affordability”

2022

 Abramson Award                          
Ray C. Fair, John M. Musser Professor of Economics, Yale School of Management, "A Note on the Fed's Power to Lower Inflation"
 Abramson Scroll John O'Trakoun, Senior Policy Economist, Federal Reserve Bank of Richmond, "Business Forecasting During the Pandemic"

2021

 Abramson Award                          
Ray C. Fair, John M. Musser Professor of Economics, Yale School of Management, "What Do Price Equations Say About Future Inflation?"
 Abramson Scroll Carolyn Evans, Chief Economist, Intel, "The Coronavirus Crisis and the Technology Sector"

2020

 Abramson Award                          
Richard Curtin, Director, Surveys of Consumers, Survey Research Center, The University of Michigan, "Consumer Expectations: A New Paradigm"
 Abramson Scroll Sera Crasta, Data and Computer Scientist, Internet Association, and Christopher Hooton, Chief Economist, Internet Association,
"A Look at the Historical Growth of the U.S. Internet Sector"

2019

 Abramson Award                          
Ray C. Fair, John M. Musser Professor of Economics and Professor of Management, Yale University, "Explaining the Slow U.S. Recovery: 2010-2017"
 Abramson Scroll James H. Stock, Harold Hitchings Burbank Professor of Political Economy, Harvard University, "The Business Cycle Is Alive and Well"

2018

 Abramson Award                          
John A. O'Trakoun, Senior Asia-Pacific Economist, Corporate Economics and Strategic Issues, Ford Motor Company, "China's Belt and Road Initiative and Regional Perceptions of China"
 Abramson Scroll Giorgio Canarella, Visiting Lecturer and Senior Economist, Center for Business and Economic Research, Lee Business School, University of Nevada, Las Vegas, and Stephen M. Miller,
Professor of Economics and Director of Center for Business and Economic Research, Lee Business School, University of Nevada, Las Vegas, "Did Okun's Law Die After the Great Recession?"

2017

 Abramson Award                          
David M. Byrne, Principal Economist, Board of Governors of the Federal Reserve System, Stephen D. Oliner, Resident Scholar and Co-Director of International Center on Housing Risk,
American Enterprise Institute, and Dan Sichel, Professor of Economics, Wellesley College, "Prices of High-Tech Products, Mismeasurement, and the Pace of Innovation"
 Abramson Scroll LaVaughn Henry, CBE, Banking and Regulatory Policy Analyst, "Are Young People Becoming More Risk Averse? An Analysis of Factors Contributing to the Rise in Precautionary Savings
Among Young Adults"

2016

Abramson Award                            Douglas W. Elmendorf, John F. Kennedy School of Government at Harvard University, "Designing Federal Budget Policy to Spur Economic Growth."
Abramson Scrolls        


Angel Ubide, Goldman Sachs, "The Case for an Active Fiscal Policy in the Developed World."

Thomas Laubach, Board of Governors of the Federal Reserve System and John C. Williams, Federal Reserve Bank of San Francisco, "Measuring the Natural Rate of Interest Redux."

2015

Abramson Award                            Mark A. Johnson, assistant professor, Sellinger School of Business and Management, Loyola University of Maryland, and Douglas J. Lamdin, professor of economics, University of Maryland, Baltimore County, "Gauging the Financial Capability of Americans," published in the July 2015 issue of Business Economics.
Abramson Scrolls        


Rudolph G. Penner, institute fellow, Urban Institute, "The Changing Nature of the Long-Run Federal Budget Problem," published in the July 2015 issue of Business Economics.    

Joel L. Prakken and Chris P. Varvares, CBE, managing directors, Macroeconomic Advisers, "The Impact of a Rising Dollar on the U.S. Economy," published in the January 2015 issue of Business Economics. 

2014

Abramson Award      Lawrence H. Summers, Harvard University, "US Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound," published in the April 2014 issue of Business Economics.
Abramson Scrolls Charles Steindel, CBE, Roger Cohen, and Andrew Lai, New Jersey Department of the Treasury, "State Income Taxes and Interstate Migration," published in the July 2014 issue of Business Economics.

 

2013

Abramson Award               John B. Taylor, Stanford University, "The Effectiveness of Central Bank Independence Versus Policy Rules," published in the July 2013 issue ofBusiness Economics.
Abramson Scrolls John E. Silvia, CBE, and Tim Quinlan, Wells Fargo, and Joseph Seydl, London School of Economics, "Relative Intra-Generational Economic Mobility: A Cross-Period Analysis from 1968 to 2009," published in the January 2013 issue of Business Economics

 

2012 

Abramson Award       Christopher Clark, Georgia College & State University, and John J. Perry, Centre College, "Medical Malpractice Liability and Physician Migration," published in the July 2012 issue of Business Economics.
Abramson Scrolls: Doug Elmendorf, Congressional Budget Office, "Choices for Federal Spending and Taxes," published in the July 2012 issue of Business Economics.

Jeffrey Frankel, Harvard University, "What Small Countries Can Teach the World," published in the April 2012 issue of Business Economics.

 

2011 

Abramson Award   Ted H. Chu and Yingzi Su, General Motors Company, "Will the U.S. Auto Market Come Back?"
Abramson Scrolls: Ray C. Fair, Yale University, "Estimated Macroeconomic Effects of a Chinese Yuan Appreciation."

Diane K. Schooley, Boise State University, and Debra Drecnik Worden, George Fox University, "Fueling the Credit Crisis: Who Uses Consumer Credit and What Drives Debt Burden?"

2010

Abramson Award            Jeremy Leonard, Economic Consultant, Manufacturers Alliance/MAPI Inc. "The Impact of the Housing Market Boom and Bust on Consumption Spending."
Abramson Scrolls: William C. Dunkelberg, CBE, Jonathan A. Scott, and Michael J. Chow, for the article"Inflexible Wages and Prices? Evidence in the Current Recession."

 

2009

Abramson Award                                     William C. Dunkelberg, CBE, National Federation of Independent Business, and Jonathan A. Scott, Temple University. "The "Response of Small Business Owners to Changes in Monetary Policy
Abramson Scrolls: William Poole, CATO Institute, for his article "The Credit Crunch of 2007-08: Lessons Private and Public," published in the January 2009 issue ofBusiness Economics; and Patrick L. Anderson, Anderson Economics Group, LLC, for his article  "The Value of Private Businesses in the United States," published in the April 2009 issue ofBusiness Economics.

 

2008

Abramson Award                                                     John Silvia, CBE, chief economist, Wachovia Bank NA, Charlotte, NC, “Subprime Credit: The Evolution of a Market,” published in the July 2008 issue of Business Economics.
Abramson Scrolls: Ana Aizcorbe, chief economist at the U.S. Bureau of Economic Analysis (BEA); Stephen D. Oliner, senior adviser in the Division of Research and Statistics at the Federal Reserve Board; and Daniel E. Sichel, deputy associate director in the Division of Research and Statistics at the Federal Reserve Board, “Shifting Trends in Semiconductor Prices and the Pace of Technological Progress,” published in the July 2008 issue of Business Economics.

 

2007

Abramson Award                        Walter McManus for his article “The Link Between Gasoline Prices and Vehicle Sales” in the January 2007 issue of Business Economics.
Abramson Scrolls: Matthew Higgins, Thomas Klitgaard, and Cédric Tille, “Borrowing Without Debt? Understanding the U.S. International Investment Position” also in the January 2007 issue, and Jonathan McCarthy and Charles Steindel, CBE, “Housing Activity and Consumer Spending” in the April 2007 issue.

2006

Abramson Award              John E. Silvia, CBE, chief economist, Wachovia Bank N.A., for “Domestic Implications of a Global Labor Market” published in the July 2006 issue of Business Economics.
Abramson Scrolls: Norman Morin and John J. Stevens, senior economist and economist, respectively, Federal Reserve Board, “Diverging Measures of Capacity Utilization: An Explanation” published in the October 2005 issue of Business Economics.

2005

Abramson Award        Dr. Ted H. Chu, Senior Economist, General Motors Corporation, for “The Chinese RMB: Its Value, Its Peg, and Its Future” published in the April 2005 issue of Business Economics.
Abramson Scrolls: Dr. James F. Nieberding, Senior Managing Economist, LECG LLC, and Dr. James Langenfeld, LECG LLC, for “The Benefits of Free Trade to U.S. Consumers” in the July 2005 issue of Business Economics.

2004

Abramson Award          Catherine L. Mann, Insitute for International Economics, "Managing Exchange Rates: Achievement of Global Re-balancing or Evidence of Global Co-Dependency?" in the July 2004 issue of Business Economics.
Abramson Scrolls: Ray Fair, Yale University, "Testing for a New Economy in the 1990s" in the January 2004 issue of Business Economics.

2003

Abramson Award           Albert DePrince, Middle Tennessee State University
“Assessing the Term Structure of Expected Inflation Using Treasury Inflation-Protected Securities” in the January 2003 issue
Abramson Scrolls: Uwe Reinhardt, Princeton University
“ Churchill’s Dictum and the Next New Thing in American Health Care” in the July 2003 issue
  J. Paul Horne, Independent Market Economist, formerly with Salomon Smith Barney
Albert Merlin, Incopar (Intl Consulting Partners), France
“ Does Enronitis Threaten the Dollar and the Economy?” in the October 2002 issue of Business Economics.

2002

Abramson Award       Kevin J. Stiroh, Information Technology and the U.S. Productivity Revival: A Review of the Evidence. The closer one looks, the more persuasive it is.
Abramson Scrolls: Robert A. Eisenbeis, Tao Zha, and Daniel Waggoner, Evaluating Wall Street Journal Survey Forecasters: A Multivariate Approach
  Michael Bordo, Globalization in Historical Perspective: Our era is not as unique as we may think, and current trends are not irreversible
  Howard Kunreuther, The Role of Insurance in Managing Extreme Events: Implications for Terrorism Coverage
   

2001

Abramson Award        Richard C. Koo, Nomura Research Institute
"The Japanese Economy in Balance Sheet Recession" 
Abramson Scrolls: Hubert Fromlet, Swedbank and Blekinge Institute of Technology
"Behavioral Finance-Theory and Practical Application" 
  Rudolph G. Penner, The Urban Institute
"The Uncertainty of Budget Estimates" 
  Albert M. Wojnilower, Monitor-Clipper Partners and Craig Drill Capital
"Life Without Treasury Securities" 
   

2000

Abramson Award             Jian-Chiu Han, "Equity Valuation Cannot Outgrow the Economy Over the Long Run"
Abramson Scrolls: Peter L. Bernstein, "Facing the Consequences", January 2000 
  Charles W. Bischoff, Halefom Belay, and In-Bong Kang, "Bayesian VAR Forecasts Fail to Live Up to Their Promise", July 2000 
  Albert E. De Prince, Jr. and William F. Ford, "A Primer on Internet Economics", October 1999 
  Duncan Meldrum, CBE, "Country Risk and Foreign Direct Investment", January 2000 

1999

Abramson Award:       Henry Kaufman
Abramson Scrolls: Victor Zarnowitz
  Dick Rippe, CBE
  Jack Triplett
  Duncan Meldrum, CBE

1998

 

Abramson Award:       Van Doorn Ooms
Abramson Scrolls: Donald Anderson
  Guy D. Billoud
  Roger Chen
  Richard D. Rippe, CBE
  J. Fred Weston,
  Piotr S. Jawien, and E. James Levitas

1997

 

Abramson Award:       Francis H. Schott, CBE
Abramson Scrolls: David W. Berson, CBE
  Albert E. DePrince, Jr.
  Everett M. Ehrlich
  William F. Ford
  Alan P. Murray
  Eileen Neely

1996

 

Abramson Award:       Richard D. Rippe, CBE
Abramson Scrolls: John J. Casson
  Robert T. Parry
  Thomas W. Synnott III
  Charles Wolf, Jr.

1995

 

Abramson Award:       Donald R. Anderson
Abramson Scrolls: Thomas P. Egan
  Gerald L. Musgrave, CBE
  Herbert Stein
  Thomas W. Synnott III

1994

 

Abramson Award:       Douglas N. Thompson and Gary K. Ottosen
Abramson Scrolls: James W. Henderson and Samuel L. Seaman
  J. Fred Weston and Yehning Chen
  Erland Heginbotham
  Michael Ulan

1993

 

Abramson Award:       Daniel J. Meckstroth
Abramson Scrolls: Dan M. Bechter and Steven Stanley
  Juan R. Espana
  Walter E. Hoadley
  Harvey Rosenblum and Robert T. Clair

1992

 

Abramson Award:       Dennis K. Hoover
Abramson Scrolls: Peter L. Bernstein
  Alan S. Blinder
  John W. Kendrick
  J. Fred Weston

1991

 

Abramson Award:       J. Fred Weston
Abramson Scrolls: Lyle E. Gramley
  George N. Hatsopoulos
  Francis H. Schott, CBE

1990

 

Abramson Award:       Victor Zarnowitz
Abramson Scrolls: Marc Hendriks
  Murray Weidenbaum
  J. Fred Weston and Kwang S. Chung

1989

 

Abramson Award:      Rudolph G. Penner
Abramson Scrolls: Thomas E. Swanstrom
  Paul Ryscavage
  J. Fred Weston

1988

 

Abramson Award:      Paul Krugman
Abramson Scrolls: Peter L. Bernstein
  J. Steven Landefeld
  James J. O'Leary
  Kan H. Young and Ann M. Lawson

1987

 

Abramson Award:      John W. Kendrick
Abramson Scrolls: Michael J. Boskin
  Edward H. Boss, Jr.
  Mickey D. Levy
  Geoffrey H. Moore
  Marina v. N. Whitman

1986

 

Abramson Award:      T.M. Rybczynski
Abramson Scrolls: Sidney L. Jones
  J. Steven Landefeld and Kan H. Young
  A. Nicholas Filippello, CBE
  W. Lee Hoskins