The Robert E. Lucas Jr. Prize was awarded to UCLA Professor Oleg Itskhoki and his coauthor Dmitry Mukhin for the paper “Exchange Rate Disconnect in General Equilibrium”, which was published in the Journal of Political Economy.

The Robert E. Lucas Jr. Prize is awarded biannually for the most interesting paper in the area of Dynamic Economics published in the Journal of Political Economy in the preceding two years. The prize was established in 2016 on the occasion of the celebration of Lucas’s seminal contributions to economics and his Phoenix Prize award.

The price announcement can be found here. The paper here