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Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
- On Monday, American-born Robert Hall and Michael Woodford won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for their work on the microeconomic foundations of macroeconomic stabilisation.
- The Royal Swedish Academy in Stockholm announced the award, which the Bank established in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist.
- John Hassler, chair of the Committee for the Prize in Economic Sciences, said the laureates' "work has provided us with a stable theoretical foundation" for models used by central banks and governments worldwide.
- Recipients will receive 12 million Swedish kronor , whether the prize is awarded to an individual, a small group of laureates, or an organization.
- Although technically not a Nobel Prize, it is presented on Dec. 10 alongside other honors announced last week in medicine, physics, chemistry, literature and peace.
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11 Articles
Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
·Englewood Cliffs, United States
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The recognition for the Economy, established in 1969, is the only one not foreseen by Alfred Nobel's will and is awarded by the Swedish Central Bank
·Milan, Italy
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Coverage Details
Total News Sources11
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
Factuality
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