The prize is awarded by the Foundation for Fiscal Studies in association with The Irish Times, to recognise work in the field of Irish fiscal policy.
The work by Sologon and Kyzyma, published in Fiscal Studies, looked into the distributional effect of the covid-19 crisis and policy responses in Ireland. The paper investigated the impact of the pandemic on household incomes in order to identify those most likely to suffer from income loss and allow policymakers to take effective support measures.
Together with their co-authors Cathal O’Donoghue and John McHale from the National University of Ireland, Galway, they used publicly available data to help understand and predict the distributional effect of the covid-19 emergency in near real-time.
“The timely analysis of the likely effects across the income distribution at the early stages in the covid-19 emergency demonstrates the value of the microsimulation-nowcasting framework in modelling the impact of the emergency in ‘near-real’ time,” said Sologon.
Five papers were shortlisted for the prize, which was awarded in a virtual ceremony earlier this month. The team including the researchers from Luxembourg were joint winners with a second group from Economic and Social Research Institute in Ireland.