The BBVA Foundation has awarded the Frontiers of Knowledge Award in the Economics, Finance and Business Management category to Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki and John Moore for their fundamental contributions to our understanding of how financial imperfections can amplify macroeconomic fluctuations and generate deep macroeconomic recessions. Their first works focused on a fundamental aspect that had not been addressed until then: the state of companies’ balance sheets and its effect on their borrowing capacity and, therefore, their investment capacity.

The BBVA Foundation has awarded the Frontiers of Knowledge Award in the Basic Sciences category to Paul Alivisatos and Michael Grätzel for their fundamental contributions to the development of new nanomaterials that are already being applied both in solar energy production and in next-generation electronics. The work of both winners opens the door to new avenues for the production of renewable energies, electronic devices, biomedical imaging techniques, and other applications.

The BBVA Foundation has awarded the Frontiers of Knowledge Award in Information and Communication Technologies to John Hennessy and David Patterson, founders of the new scientific area known as computer architecture, that designs the “brains” of computer systems. The awardees were the first to devise a conceptual framework that provides the field with a grounded approach to measuring performance, energy efficiency and the complexity of a computer.

The BBVA Foundation has recognized the work of Sandra Díaz, Sandra Lavorel, and Mark Westoby with the Frontiers of Knowledge Award in the Ecology and Conservation Biology category has gone in this thirteenth edition to ecologists. The three researchers linked plant ecosystem function to their physical characteristics, and described how these broad traits relate together at global level.

The BBVA Foundation has recognized researchers David Julius and Arden Parapoutian with its the Frontiers of Knowledge Award in Biology and Biomedicine for their work to discover the receptors that mediate the touch sensations of temperature and pressure. A groundbreaking study that opened up new therapeutic avenues to reduce acute and chronic pain associated with trauma and a range of diseases.

The BBVA Foundation distinguishes Neil Adger, Ian Burton and Karen O’Brien with a with a Frontiers of Knowledge Award in the Climate Change category for the contributions of their studies on social adaptation to climate change. This social perspective transforms a paradigm of research and action that was previously limited to the curbing of greenhouse gas emissions

The BBVA Foundation is preparing the launch to the new edition of the Frontiers of Knowledge Awards, which will begin announcing its 2020 winners in January. A prelude to the Nobel Prize, Frontiers´ juries have been one step ahead of the Swedish Academy having awarded people who later went on to win the Nobel on 15 previous occasions. For this reason, the international community remains especially attentive to the upcoming Frontiers selection.

The BBVA Foundation has awarded Susan Fiske and Shelley Taylor the Frontiers of Knowledge Award in the category of Social Sciences for her pioneering insights, which have elucidated the role of cognitive shortcuts in shaping social interactions. The American social psychologists, two of the most influential working today, have been instrumental for understanding how these shortcuts in mental processing intervene in the formation of value judgments about other people or social situations.

BBVA Foundation recognizes the Estonian composer with the Frontiers of Knowledge Award in the Category of Music and Opera for cultivating an original language, which has led to the creation of a unique sound world. In its citation, the jury underscores that Arvo Pärt’s creations are “a fresh approach to spiritual music, especially in his choral oeuvre, that reduces the musical material to the essence.”

The BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management has gone in this twelfth edition to Philippe Aghion and Peter Howitt for their fundamental contributions to the study of innovation, technical change, and competition policy. The joint research of these two economists builds on Joseph Schumpeter’s idea that productivity growth at the macroeconomic level stems from a process of creative destruction in which the continuous entry of new firms and technologies renders the incumbents obsolete.

The BBVA Foundation has honored Charles Bennett, Gilles Brassard, and Peter Shor with the Frontiers of Knowledge Award in Basic Sciences for their respective roles in the development of quantum computing and cryptography.

The BBVA Foundation has awarded Isabelle Guyon, Bernhard Schölkopf and Vladimir Vapnik with the Frontiers of Knowledge Award in the Information and Communication Technologies category, for helping advance the field of artificial intelligence with their seminal contributions to machine learning. Their work has been applied to fields as diverse as medical diagnosis, computer vision, natural language processing and the monitoring of climate change.

The BBVA Foundation has recognized three marine biologists — Carlos Duarte, Terence Hughes, and Daniel Pauly — with the Frontiers of Knowledge Award in the category of Ecology and Conservation Biology. Their research has expanded our knowledge about the Earth’s oceans and has contributed to the protection and conservation of marine biodiversity and ocean ecosystem services.

The BBVA Foundation presented Michael Hall and David Sabatini the Frontiers of Knowledge Award in the Biology and Biomedicine category for discovering the main regulator of growth in animal cells. This mechanism, a molecular pathway called mTOR, opens the door to new treatment options for cancer, diabetes and aging.

The BBVA Foundation has honored “the fundamental contributions” of American researcher Kerry Emanuel to understanding the essential physics of hurricanes with the Frontiers of Knowledge Award in the Climate Change category. The twelfth edition of the awards has recognized the pioneer work of this professor of Atmospheric Sciences at Massachusetts Institute of Technology (MIT), for being the first to link this phenomenon with the warming of sea surface waters driven by climate change.

Noam Chomsky received the BBVA Foundation Frontiers of Knowledge Award in Humanities and Social Sciences in a ceremony at his home in Tucson, Arizona. BBVA Foundation President Carlos Torres Vila made the special trip to present him the award, as the U.S. linguist was unable to attend the award ceremony in Bilbao last June. “This is a recognition to your unparalleled contributions to the understanding of human language, which have had a tremendous influence in so many fields,” said Torres Vila.

Once again, the Royal Swedish Academy of Sciences’ criteria reaffirms a previous decision by the BBVA Foundation. Banerjee and Duflo, founders of MIT’s Poverty Action Laboratory, were honored in the first edition of BBVA Foundation’s Frontiers of Knowledge awards in 2008. Considering that ten Frontiers of Knowledge awardees have been subsequently recognized by the Swedish Academy, it could be argued that, to a certain extent, BBVA Foundation’s awards are becoming a prelude to the Nobel awards.

This year, the BBVA Foundation Frontiers of Knowledge Awards ceremony underscored the need for an increased commitment to sustainability across the globe. “Climate change, the biodiversity crisis and inequality are issues whose future consequences may be much more serious if we fail to act now,” said the President of BBVA Foundation Carlos Torres Vila during his address. The awardees gathered to attend a gala that was held for the first time this year in the city of Bilbao.

The BBVA Foundation has recognized the U.S. linguist with the Frontiers of Knowledge Award in the Humanities and Social Sciences Category, a new category included in this year’s edition for the first time ever. Chomsky’s research opened up new paths in multiple fields of humanities, especially in the study of the human mind and the cognitive systems that comprise it.

The BBVA Foundation has recognized composer John Adams with the BBVA Foundation Frontiers of Knowledge Award in the Music and Opera category. The jury’s citation underscores Adam’s tremendous communication skills and his determination to engage with the public. Although the North-American maestro’s works span every genre, it is in opera that he has come fully into his own.

The BBVA Foundation recognized Claudia Goldin with the Frontiers of Knowledge Award in the Economics, Finance and Management category for her contributions to the historical analysis of women’s role in the economy. The Harvard Professor’s research helped to shed light on the factors behind the gender gap. The award committee underscored her role as the founder of the field of empirical analysis of the gender gap, and a pioneer in her methods.

The BBVA Foundation presented physicists Charles Kane and Eugene Mele the Frontiers of Knowledge Award  in the Basic Sciences category for discovering materials that act as both insulators and conductors at the same time. The so-called topological insulators are a new kind of material with extraordinary electronic properties that will open new scientific avenues. They could serve to develop faster, more efficient electronic devices and even advance the advent of quantum computers.

The BBVA Foundation will present its most prestigious awards in Bilbao on June 18th.  The eight category winners will be honored at the 11th Frontiers of Knowledge Awards ceremony, which will be hosted at the Euskalduna Palace. “Linking the Frontiers of Knowledge Awards to Bilbao, the city and its institutions become the hosts of an event that celebrates knowledge with world leading figures in different fields of science, technology and the arts,” said BBVA Foundation President Carlos Torres Vila.

The BBVA Foundation has recognized the computer engineer Ivan Sutherland with the Frontiers of Knowledge Award in the category of Information and Communication Technologies. Over the course of his 60-year career, the American computer scientist has led the transition from text-based to graphical computer displays. He pioneered the use of graphical icons and virtual reality, and anyone who uses a computer or smartphone today benefits from the output of his research.

Gretchen Daily and Georgina Mace have been recognized with the BBVA Foundation Frontiers of Knowledge Award in the category of Ecology and Conservation Biology for their visionary work combating the loss of species. They have developed tools that are invaluable for quantifying “nature’s value” thus facilitating science-based policies in support of the conservation of species. The jury panel commended not only their efforts in identifying the problem, but also their involvement in finding solutions.

The BBVA Foundation has recognized the American researcher with the Frontiers of Knowledge Award in the category of Biology and Biomedicine, for his pioneer findings in demonstrating the importance of the gut microbiome. Their discoveries have allowed to demonstrate that gut microbes play a central role in conditions like obesity and diabetes.

The BBVA Foundation Frontiers of Knowledge Award in the Climate Change category has gone in this eleventh edition to Anny Cazenave (France), John Church (Australia) and Jonathan Gregory (UK), for their research into the response of sea level to climate change. Narrowing down the causes, integrating satellite observations and innovations applied in numerical modeling have contributed to discovering that the pace at which this rise is taking place is increasing.

The Royal Swedish Academy of Science has awarded the Nobel Prize in Economic Sciences 2018 to U.S. Scientists William D. Nordhaus and Paul M. Romer in Economic Sciences. Nordhaus, who earlier this year won the BBVA Foundation Frontiers of Knowledge Award in Climate Change, has developed the first model capable of integrating economic and environmental data to identify the most efficient policies against global warming. Romer has pioneered the use of technology in macroeconomic research.

Stephen Hawking, the famous British physicist and one of the world’s most brilliant scientific minds died at 76, as confirmed by a statement made by his family. The genius of astrophysics suffered from ALS, a degenerative disease, from the time he was 21 years old, thus exceeding life expectancy predictions. Since 2005 he was only able to communicate by means of a speech synthesizer.

The BBVA Foundation has granted Colombian epidemiologist Nubia Muñoz its Frontiers of Knowledge award in Development Cooperation, for her work in establishing that infection with human papillomavirus (HPV) is the principal cause of cervical cancer, one of the leading causes of death among women in developing countries. Muñoz has also been instrumental in the development of the first effective vaccine against this virus, capable of preventing 70% of all cervical cancers.