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The Italy-based Unicredit and Universities Foundation recently awarded Faculty of Economics and Business postdoc researcher Domenico Massaro the Best PhD Thesis Award for his thesis titled "Bounded Rationality and Heterogeneous Expectations in Macroeconomics".

As winner of the Best PhD Thesis Award competition, Massaro also received a prize of € 5,000.  His award winning thesis investigates the effects of individual bounded rationality on aggregate macroeconomic dynamics.

UniCredit & Universities Foundation is an organisation that enables young European economics and finance students to reach their true potential by financing their ongoing studies and research through several scholarships and awards.