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Winners of the RFS Awards

The winners of the annual RFS Awards were announced at SFS Cavalcade North America 2026. We are pleased to share the winners:

Michael J. Brennan Best Paper Award
“In Safe Hands: The Financial and Real Impact of Investor Composition over the Credit Cycle”
Antonio Coppola
Prize: $10,000

Michael J. Brennan Best Paper Runner Up
“Gold’s value as an investment”
Urban J. Jermann
Prize: $5000

Referee of the Year
Marco Giacoletti
Prize: $1000

Distinguished Referees
Julia Fonseca, Peter Maxted, Magdalena Rola-Janicka, Sang Byung Seo, Enrique Schroth, Qifei Zhu

Rising Scholar Award, sponsored by The Bureau
“The Fed and the Secular Decline in Interest Rates”
Sebastian Hillenbrand
Prize: $5000

Congratulations to all our award winners!