Redding Awarded 2018 Frisch Medal

May 29, 2018
B. Rose Kelly
Woodrow Wilson School

Stephen Redding Professor Stephen Redding has been named a recipient of the 2018 Frisch Medal award presented biennially by the Econometric Society. The Frisch Medal honors the best applied paper — empirical or theoretical — published in the society’s academic journal, Econometrica, during the previous five years.

Redding received the award for his work as a co-author of the 2015 paper, “The Economics of Density: Evidence from the Berlin Wall,” which he wrote with Gabriel Ahlfeldt and Daniel Sturm, both based at the London School of Economics, and Nikolaus Wolf of Humboldt University.

The paper uses the division and reunification of Berlin to estimate the forces that induce economic activity to concentrate in cities. Their estimated model can account for the observed changes in city structure.

“We are incredibly honored and extremely grateful to receive this award,” Redding said.

Redding is the Harold T. Shapiro ’64 Professor of Economics at Princeton University’s Woodrow Wilson School of Public and International Affairs. His research interests lie in international trade and economic geography, and productivity and economic development.

The Econometric Society is an international society devoted to the advancement of economic theory in relation to statistics and mathematics.

Redding will accept his award in August 2018 at the European Meeting of the Econometric Society in Cologne, Germany.