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Nobel economics prize awarded to Hall and Woodford for macro stabilization work
The Sveriges Riksbank Prize in Economic Sciences recognizes research on the microeconomic foundations of macroeconomic stabilization.
The Sveriges Riksbank Prize in Economic Sciences has been awarded to Robert Hall and Michael Woodford for their work on the microeconomic foundations of macroeconomic stabilization, according to Guardian Economics.
The outlet describes the prize as honoring research related to “microeconomic foundations of macroeconomic stabilisation,” and notes ongoing public discussion around the announcement leading up to the award in Stockholm.
Guardian Economics also includes coverage around the reactions to the Nobel economics announcement, including the participation of Nobel watchers and commentary on Hall and Woodford’s contributions to New Keynesian models.