Two American Economists Win the Nobel Prize in Economics

The Royal Swedish Academy of Sciences announced on Monday that Robert E. Hall of Stanford University and Michael Woodford of Columbia University won the Nobel Prize in Economics for research on how policymakers can stabilize economies. Why it matters: Their work helped shape how central banks set interest rates and communicate policy. The award comes as these institutions face energy-driven inflation and growth risks

The Royal Swedish Academy of Sciences announced on Monday that Robert E. Hall of Stanford University and Michael Woodford of Columbia University won the Nobel Prize in Economics for their research on how policymakers can stabilize economies. Why it matters: Their work helped shape how central banks set interest rates and communicate policy. This victory is achieved when these institutions with inflation caused by energy and growth risks