This award is an annual event open to all students enrolled in a Master's degree programme at a Norwegian institution who have submitted a thesis for grading within the last 12 months (January-December).

The winner(s) will have the opportunity to present his/her(their) work in a seminar at Norges Bank, spend one day at the bank to meet researchers and policymakers and receive a cash prize of 20 000 NOK. In addition the winner(s) are invited to attend the annual speech delivered by the Governor of Norges Bank.

A committee composed of researchers and policy economists at Norges Bank will evaluate submissions. 

The 2025 Best Master’s Thesis Award is open for submissions until December 31, 2025. Details on how to submit a thesis can be found in the call for submissions.

Winner of the 2024 Best Master Thesis Award 

The 2024 prize is awarded Marlen Krause and Hannah-Luise Klingner (BI Norwegian Business School) for the thesis, “Analyzing the Ripple Effects: Unraveling the Effects of the Silicon Valley Bank Failure on the US Bank Stock, Corporate Bond, and Loan Market".

Previous winners 

• 2023: Sonja Plaku (BI Norwegian Business School) for the thesis "The Impact of Monetary Policy on Unemployment: A Comparison of Local Projections and SVAR Analyses from Norway"
• 2022: Kaja Dørum Haug (University of Oslo) for the thesis "Boliglånsforskriftene og husholdningenes gjeld".
• 2021: Sander Rivø Aslesen (University of Oslo) for the thesis "Labor supply for Norwegian Lottery Winners". 
• 2020: Mikkel Irving Fiksdal Riiser (University of Oslo) for the thesis "Heterogeneous Responses in Investment to Monetary Policy Shocks".
• 2019: Christian Alex Bankson and Andreas Madsen Holm (NHH) for their thesis "Kunstig intelligens i makroøkonomisk prognosearbeid"