3 Economists, Including Former Fed Chair Bernanke, Win Nobel Prize

(L-R) Members of the Royal Swedish Academy of Sciences Tore Ellingsen, Hans Ellegren, and John Hassler announce the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022, during a press conference at the Royal Swedish Academy of Sciences in Stockholm on Oct. 10, 2022. Anders Wiklund/TT News Agency via AP

STOCKHOLM—Former U.S. Federal Reserve Chair Ben Bernanke won the Nobel Prize in economic sciences along with two other U.S.-based economists for their research into bank failures.

The Nobel panel at the Royal Swedish Academy of Sciences recognized Bernanke, Douglas W. Diamond, and Philip Dybvig on Monday for research that shows “why avoiding bank collapses is vital.”