Americans Hall and Woodford win economics Nobel for stabilisation models
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American economists Robert Hall and Michael Woodford were awarded the Nobel economics prize Monday for their work on how monetary and fiscal policy can help stabilise fluctuations in the economy.
“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,” the jury at the Royal Swedish Academy of Sciences said in a statement.
“With them, we are better equipped to deal w
“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,” the jury at the Royal Swedish Academy of Sciences said in a statement.
“With them, we are better equipped to deal w
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