DEPARTMENT OF ECONOMICS

“For a lot of firms, the election brings hope that tariff policy will be less aggressive, reducing firm costs of inputs, and reliable, so that firms aren’t having to constantly change supply chains,” economist Mark Witte said.

He receives the Prize in recognition of "microeconomic foundations of macroeconomic stabilisation." Woodford also received the Nemmers Prize in Economics in 2024 and visited the Economics Department in November 2025 for a conference in his honor.

Department of Economics Ph.D. alumni Ariel Burstein and Adeline Delavande were among the other 2026 elected fellows.

At a Buffett Institute Q&A session in August, de Souza Elisanio spoke about his experience as an international student and the networks of support he built throughout his undergraduate career.