BMA will send young scientists to meetings with Nobel Laureates in Economics

Bulgarian scientists will be given the opportunity to participate in meetings with Nobel Laureates in Economics due to an agreement with the Bulgarian Macroeconomic Association as a Bulgarian partner. As early as 2014, on the fifth meeting with Nobel laureates in Economics 2-4 young scientists from Bulgarian universities and institutes will be able to take part, as BMA and Lindau Foundation will cover 50%  of the expenses each.

The Bulgarian Macroeconomic Association signed a memorandum of understanding with Council for the Lindau Nobel Laureate Meetings and Foundation Lindau Nobelprizewinners Meetings at Lake Constance. The agreement expects BMA to organize the selection of 2-4 young researchers in the field of Economics, who will participate in the meeting with Nobel Laureates in Economics. The selection will be made by a committee chosen by BMA. It will follow the selection criteria and academic standards established by the Lindau Council. The next two meetings will be held in 2014 and 2017.

About the meetings

The meetings with Nobel laureates in Lindau were organized for the first time in 1951, when 7 Nobel Laureates were invited to give lectures to international audience. This first meeting set the beginning of a tradition which continues for over half a century. Originally, only Nobel laureates in Medicine were invited to the Lindau Meetings but soon after meetings with Nobel Laureates in Physics and Chemistry were organized. Since 2004 meetings with Nobel Laureates in Economics take place.

359 young scientists from 65 countries, chosen among 5000 candidates participated in the fourth meeting with Nobel Laureates in Economics in 2011. 17 Nobel Laureates in Economics joined in the meetings among which were Robert Mundell, George Akerlof, John Nash, Edmund Phelps, Myron Scholes, Joseph Stiglitz, William Sharpe, etc. The meeting took place in August, 23-27, in Lindau, Germany.

The members and founders of Lindau Foundation which is financing these meetings are solely Nobel Laureates. Main sponsors are major German corporations. The chairwoman of the Council for the Lindau Nobel Laureate Meetings is Countess Bettina Bernadotte, the daughter of the founder of the meetings Count Lennart Bernadotte, who is the grandson of King Gustav V, the first king of Sweden who gave Nobel prizes.

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About BMA

The main purposes of the Bulgarian Macroeconomics Association are the discussion of macroeconomic problems, the distribution of macroeconomic ideas and knowledge and the encouragement of researches in this field. For the past 10 years BMA organizes seminars, conferences and an annual competition for a student essay. The last discussions organized by BMA included a meeting with Ajai Chopra, Deputy Director, European Department, International Monetary Fund, discussion with Kevin Daud about the global crisis, discussion about “ The Evolution of the Eurozone including the Bank Union” and a discussion on the topic “Fiscal multipliers: Global and National perspective”. The internet page of BMA is