With two other US-based colleagues, Bernanke shares the honour for their work on banking and financial crises.
In the aftermath of the world financial crisis in 2008, Bernanke used his study.
Under his leadership, the Fed's balance sheet increased from less than $1 trillion to more than $4 trillion as the institution worked to promote US economic expansion.
Bernanke, the Reluctant Revolutionary, from the Archives .
Because of this, Bernanke is an especially divisive person in the field of economics.
Both those who believe the US is still struggling to recover from his acts and those who applaud him for saving the US economy are few in number.