[spaetzleesser]

His works was useless in recognizing the 2008 bubble. He may have written some nice papers but when he was in charge he failed completely. He is simply not a good economist and his work didn't help with making good decisions.

[AnimalMuppet]

He failed at seeing it coming. Once it came, he did really well at damage control. That's not as good as preventing the crisis in the first place, but it's far more than nothing.

[spaetzleesser]

It's certainly not Noble Prize level.