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Hall and Woodford win Nobel economics prize
Two American economists win the Nobel memorial prize in economics for their work on how central banks and governments stabilise economies.
In brief
Two American economists win the Nobel memorial prize in economics for their work on how central banks and governments stabilise economies. Robert E Hall and Michael Woodford won the Nobel memorial prize in economics for research on the micro-economic foundations of macro-economic stabilisation used by central banks…
Two Americans win economics Nobel
Robert E Hall of Stanford University and Michael Woodford of Columbia University have won the Nobel memorial prize in economics for their work on the micro-economic foundations of macro-economic stabilisation.
Prize recognises models used globally
The Royal Swedish Academy of Sciences announced the award, saying their work provides a stable theoretical foundation for models now used by central banks and governments around the world.
“The laureates' work has provided us with a stable theoretical foundation for the models that are now used by central banks and governments around the world.”
Prize money is twelve million kronor
The prize money this year is twelve million Swedish kronor, about one point eight million dollars, whether for an individual, small group of laureates or organisation.
What matters most
Robert E Hall and Michael Woodford won the Nobel memorial prize in economics for research on the micro-economic foundations of macro-economic stabilisation used by central banks worldwide.
