The award, which is presented to foreign economists of exceptional distinction, is in recognition of Professor Rey’s pioneering work on international trade and financial assets. Announcing the award, American Economic Association (AEA) Distinguished Fellow, the former Chair of the Federal Reserve (2014 -2018), and currently Vice Chairman and Member of the Board of Governors of the Federal Reserve System, Janet Yellen, said that Professor Rey was also honoured for reframing the debate on policies which may avoid or moderate future financial crisis.
The American Economic Association is a learned society in the field of economics, headquartered in Nashville, Tennessee. It publishes one of the most prestigious academic journals in economics: the American Economic Review.
Hélène Rey is the Lord Bagri Professor of Economics at London Business School. Until 2007, she was at Princeton University, as Professor of Economics and International Affairs in the Economics Department and the Woodrow Wilson School. Her research focuses on the determinants and consequences of external trade and financial imbalances, the theory and empirics of financial crises and the organization of the international monetary system. She demonstrated in particular that countries’ gross external asset positions help predict current account adjustments and the exchange rate. She introduced the concept of Global Financial Cycles and qualified the idea of the Mundellian Trilemma. She was awarded an Alfred P. Sloan Research Fellowship, the 2006 Bernácer Prize and the 2012 inaugural Birgit Grodal Award of the European Economic Association honoring a European-based female economist who has made a significant contribution to the Economics profession.
In 2013 she received the Yrjö Jahnsson Award shared with Thomas Piketty, in 2014, the Inaugural Carl Menger Preis, the 2015 Prix Edouard Bonnefous and the 2017 Maurice Allais Prize. Professor Rey is an elected Fellow of the British Academy, of the Econometric Society, of the European Economic Association, of the American Academy of Arts and Sciences, and correspondent of the Académie des Sciences Morales et Politiques. She was made an O.B.E for services to economics.
A regular contributor to French newspaper Les Echos, Hélène Rey received her undergraduate degree from ENSAE, a Master in Engineering Economic Systems from Stanford University and her PhDs from the London School of Economics and the Ecole des Hautes Etudes en Sciences Sociales.