Two American economists share Nobel prize for economic shock research
Stanford's Robert E. Hall and Columbia's Michael Woodford were honored Monday in Stockholm for work that equips policymakers to handle shocks like energy crises and inflation.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics on Monday in Stockholm. Their research has also shaped Keynesian economics and the groundwork used by today's central bankers.
Why it matters
The models give governments and central banks tools to manage economic shocks such as energy crises and inflation.
Timeline
- Oct 17, 3:25 PM ET: Hall and Woodford were announced as winners of the Nobel Memorial Prize in economics in Stockholm.
- Oct 16, 4:05 PM ET: Coverage noted that the work of Hall and Woodford laid the groundwork for today's central bankers.
Coverage
- 2 Americans win Nobel for work on managing economic shocks (nsjonline.com)
- How This Year’s Nobel Prize Winners Shaped Keynesian Economics (Foreign Policy)
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