Robert E. Hall and Michael Woodford win Nobel memorial prize in economics
American-born economists Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics on Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation.
TL;DR
- Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics.
- They are American-born economists.
- Their work involves models that help manage economic shocks.
- These models are useful for governments and central banks.
- Examples of economic shocks include energy crises and inflation.