The Econometric Society announced its annual prizes on April 23, 2024. Among the recipients was Toru Kitagawa, who, along with co-author Raffaella Giacomini, received the inaugural Haavelmo Prize for the best econometrics paper published in Econometrica over the past four years.

Toru's winning paper, titled "Robust Bayesian Inference for Set-Identified Models," exemplifies the caliber of work we witness from him every day in class and seminars. It represents a thoughtful advancement of econometric tools, bridging previously distinct approaches (Bayesian versus Frequentist estimation of set-identified models), coupled with a compelling empirical application (to Structural Vector Autoregressions or SVARs). This showcases how and why his theoretical contributions hold practical significance.

Congratulations to Toru on this well-deserved recognition!