Ryuichiro Izumi attended the Vienna Macro Café Conference on October 10-12 organized by the Vienna Institute for Advanced Studies, the Vienna Graduate School of Economics, and the Federal Reserve Bank of St. Louis. He presented his paper Opacity: Insurance and Fragility, and was chosen for the “Rookie of the year” award! Here is a photo of Prof. Izumi with the organizers, David Andolfatto (St. Louis Fed), Martin Gervais (Georgia) and Gabriel Lee (Regensburg and IHS).