The BCRA announces the winning papers of the 2025 Prebisch Award

Thursday, December 11, 2025

The BCRA announces the winners in the following categories: PhD Thesis in Economics, Young Professionals and University Students.

The BCRA has announced the winning papers of the 17th edition of the “Dr. Raúl Prebisch” Economic Research Annual Award, an initiative that seeks to encourage academic research on monetary, macroeconomic, financial and banking issues. This time, 50 papers were submitted for the Award, the highest number since 2021: 27 in the University Students category, 18 in the Young Professionals category, and 5 in the PhD Thesis category.

The awarded papers of this edition are the following:

Annual Award for University Students

First prize

Paper: “La Macroeconomía de los Controles Cambiarios” (The Macroeconomics of Foreign Exchange Controls)

Author: Juan Ignacio Domínguez / Universidad Nacional de Tucumán

Annual Award for Young Professionals

First prize (shared)

Paper: “Dominancia Fiscal, Shocks, y Composición por Moneda de la Deuda Soberana: El Caso de una Economía Pequeña y Abierta” (Fiscal Dominance, Shocks, and Currency Composition of Sovereign Debt: The Case of a Small Open Economy)

Author: Juan Pablo Di Iorio / Universidad de Buenos Aires – Universidad San Andrés

Paper: “Vinculando el Consumo Público al Sobreendeudamiento Privado” (Linking Public Consumption to Private Debt Overhang)

Author: Franco Degiuseppe / Universidad de Buenos Aires – Universidad Torcuato Di Tella

Annual Award for PhD Thesis in Economics

Paper: “Ensayos en Macroeconomía Internacional” (Essays on International Macroeconomics)

Author: Emilio Colombi / University of Michigan

The jury was composed of Vladimir Werning (Deputy Governor of the BCRA), Mauro Alessandro (Economic Research Deputy General Manager of the BCRA), Sebastián Katz (Economic Research Works Senior Manager of the BCRA), and Laura D’Amato (Professor at Universidad del Centro de Estudios Macroeconómicos de Argentina and Universidad de Buenos Aires).

The awarded papers will be posted on the award’s section and, at the author’s request, considered for publication in the BCRA’s academic journal, Ensayos Económicos (Economic Essays).

The “Dr. Raúl Prebisch” Economic Research Annual Award is an initiative of the BCRA aimed at promoting research on topics related to monetary and financial stability.

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