Previous Kendrick Award Winners


The Society awarded the David A. Kendrick Distinguished Service Award in 2020 to Leigh Tesfatsion for her pioneering contributions to different areas of Computational Economics, in particular to Agent-based Computational Economics. She is a Research Professor and Professor Emerita of Economics at Iowa State University (ISU) and also a Professor Emerita (Courtesy) of Mathematics and a Professor Emerita (Courtesy) of Electrical and Computer Engineering at ISU. Leigh has published highly influential papers and books highlighting the potential of agent-based simulation as a method for the analysis of economic processes as an open-ended dynamic system of interacting agents. She has demonstrated this potential in different areas of application. In recent years Leigh has published extensively on the analysis of electric power market design using an agent-based computational platform.


The David A. Kendrick Distinguished Service Award in 2015 is awarded to Michel Juillard for his outstanding contributions to the field of Computational Macroeconomics, in particular for the development of efficient algorithms for the solution of nonlinear dynamic macroeconomic models. This includes the development of DYNARE, a software package to make such algorithms, and computational software more generally, accessible to the economics profession. In particular, DYNARE can solve dynamic models with rational expectations, forward looking variables and heterogeneous agents, but can also flexibly be used to solve dynamic models with learning. Various public bodies (central banks, ministries of economics and finance, international organisations) and private financial institutions use DYNARE for performing policy analysis and as a support tool for forecasting. In the academic world, DYNARE is widely used for research and teaching purposes in postgraduate macroeconomic courses. Michel is a former Edtior of the Journal of Economic Dynamics and Control and a stimulating leader and former president of the Society of Computational Economics.


Professor Stephen Turnovsky holds the Ford and Louisa Van Voorhis Professorship of Economics at the University of Washington. His main area of research is in macroeconomic dynamics and growth. In this field, he developed early on the use of mathematical tools and models with a special interest for optimal policies. He made outstanding contributions to issues such as price and wage dynamics, international economics, small open economy modeling, and inequality and growth. Steve published numerous articles in the best journals and several well-known books. He also contributed much to the profession with uncommon editorial activities. He has been Associate Editors of many journals and Editor of the Journal of Dynamic Economics and Control, 1981-1987 and 1995-2001. He is now Advisory Editor of the Journal. Invited in universities all over the world, his achievements are recognized worldwide.


The Society awarded the 2012 prize to Dr. Kenneth Judd. The prize is awarded to mark his many years of outstanding contributions. He is the Paul H. Bauer Senior Fellow at the Hoover Institution. Ken has written in many areas, including public finance and most recently global climate change. In recent years, Ken's primary focus has been on bringing modern mathematical and computational methods to economics. His paper on projection methods has been very influential and he mibht be best known for his text "Numerical Methods in Economics" which is a standard reference.

Ken has also engaged in many other activities promoting computational economics. He was the founding president of the Society and hosted its third conference. He also co-edited both the Journal of Economic Dynamics and Control the Handbook of Computational Economics: Agent-based Computational Economics. For the past eight years, a top priority of Ken has been the ICE (Initiative for Computational Economics) Summer Workshop at the University of Chicago. Thanks to Ken, more than 300 graduate students in economics received training in numerical methods.


In 2010, the SCE Advisory Council voted to name David Kendrick the first recipient. He is the Ralph W. Yarborough Centennial Professor of Liberal Arts, at the University of Texas, Austin. A prolific contributor to economics in general and computational macroeconomics in particular for more than 40 years, David has published more than 70 articles, contributed software, and authored or co-authored more than a dozen books. The Society chose to award him with the inaugural award due to his David's contributions to the development and proliferation of computational technique, including his dedication to the teaching computational economics to ever wider audiences of students, both graduate and undergraduate. A past president of the SCE, David has played a key role in the growth of the Society and, as with everything he does, has done so with the utmost grace.