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


 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"


 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?"


 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"


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."


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. 


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.



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



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.



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?"


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."



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.



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.



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.


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.


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.


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.


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.


Abramson Award       Kevin J. StirohInformation 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 WaggonerEvaluating Wall Street Journal Survey Forecasters: A Multivariate Approach

  Michael BordoGlobalization in Historical Perspective: Our era is not as unique as we may think, and current trends are not irreversible

  Howard KunreutherThe Role of Insurance in Managing Extreme Events: Implications for Terrorism Coverage



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" 


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 


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



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



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



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



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



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



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



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



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



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



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



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



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



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