Who is Philip Dybvig? 2022 Economics Nobel laureate mired in sexual harassment accusations

Who is Philip Dybvig? 2022 Economics Nobel laureate mired in sexual harassment accusations
Seven former pupils claim Philip Dybvig harassed them sexually (Pascal Le Segretain/Getty Images)

ST LOUIS, MISSOURI: An American university is looking into charges of sexual harassment against a Nobel prize-winning economist that the professor's lawyer rejects as "professional rivalry." According to his attorney Andrew Miltenberg, the Title IX office at Washington University in St Louis has been questioning Philip Dybvig, who shared this year's Nobel Prize in Economics for his research into bank failures, AP reports.

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The charges, according to Miltenberg, are "factually inaccurate." Dybvig, fellow economist Douglas W Diamond, and former Federal Reserve Chair Ben Bernanke received the economics Nobel Prize in October for their studies on bank failures, which built on the Great Depression's lessons and influenced America's resolute reaction to the financial crisis of 2007–2008. The Nobel panel stated that the early 1980s discoveries established the framework for regulating financial markets.