Nicola Fuchs-Schündeln, Professor of Macroeconomics and Development at Goethe University and Principal Investigator in SAFE, has been awarded the most prestigious research prize in Germany, the Gottfried Wilhelm Leibniz-Prize 2018, worth EUR 2.5 million. Fuchs-Schündeln is recognized for her methodological innovations and continuous development of the field of economics. Her research introduces microeconomic questions and microeconometric methods into macroeconomics. She focuses on the behavior of private households with respect to consumption, savings and labor supply as well as on the formation of individual preferences, e.g. in relation to availability of employment, which in economics were previously regarded as being exogenously determined. Fuchs-Schündeln also used the German reunification as a “natural experiment” that allowed her to study the behavior of two populations with different economic and political experiences. Her work has been published i.a. in the American Economic Review, the Quarterly Journal of Economics, and Science. The awards ceremony for the 2018 Leibniz Prizes will be held on 19 March in Berlin.