From The Boston Globe · · 50s
Economists Win Nobel Memorial Prize
Hall and Woodford receive Nobel memorial prize for macroeconomic stabilization models.
In brief
Hall and Woodford receive Nobel memorial prize for macroeconomic stabilization models. American economists Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics for their work on microeconomic foundations of macroeconomic stabilization. Originally reported by The Boston Globe.
Economists win Nobel memorial prize
American-born economists Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics for their work on the microeconomic foundations of macroeconomic stabilization.
Award announced by Royal Swedish Academy
The Royal Swedish Academy of Sciences in Stockholm announced the award, noting the laureates' work provides a stable theoretical foundation for models used by central banks and governments worldwide.
Prize money and context
This year's prize money is 12 million Swedish kronor (about $1.2 million), with the economics prize formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
What it means
American economists Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics for their work on microeconomic foundations of macroeconomic stabilization.
