The Central Bank of Brazil announced that Bruno Tiberto, a senior adviser in Dstat, has won the Central Banking Awards 2026 in the “Economics in Central Banking” category for research on how central bank independence affects the relationship between inflation, income inequality and poverty. The winning study uses empirical evidence for 46 countries from 1980 to 2022 and finds that greater central bank autonomy reduces the regressive effects of inflation across the income distribution, with stronger protection for lower-income groups. It also reports that a 10% inflation shock can increase inequality and poverty when autonomy is low, while these effects are fully offset at moderate levels of autonomy and become reductions when autonomy is high. The full paper is published in the Journal of International Money and Finance, with a preliminary version available as Central Bank of Brazil Working Paper No. 615 and a short version posted on the Central Bank of Brazil Blog. The award ceremony is scheduled for 10 June 2026 at a gala dinner in London.
Central Bank of Brazil 2026-03-12
Central Bank of Brazil economist Bruno Tiberto wins Central Banking Awards 2026 Economics in Central Banking prize
The Central Bank of Brazil announced Bruno Tiberto won the Central Banking Awards 2026 in "Economics in Central Banking" for his research on central bank independence's impact on inflation, income inequality, and poverty. His study, covering 46 countries from 1980 to 2022, shows greater central bank autonomy mitigates inflation's regressive effects, benefiting lower-income groups. The full paper is published in the Journal of International Money and Finance.