Akihiro Nomura receives Pong Lee Award

Akihiro Nomura is chosen as the recipient of the 2017 Pong S. Lee Endowed Award. The Pong S. Lee Endowed Award is annually given to a Ph.D. student for outstanding research in economics. In his paper "A life-cycle model with heterogeneous agents and money," he studies effects of inflation using Japanese data and shows that the impacts vary significantly across socio-economic groups.