Explainer: What pay raises, ice cream prices reveal about 2026 Nobel Prize in Economics

NAMPA / Xinhua
2026-10-12
STOCKHOLM, Oct. 12 (Xinhua) -- Imagine receiving an extra 1,000 U.S. dollars this month, would you spend it differently if it were a one-time bonus rather than a permanent monthly pay raise? The distinction may seem simple, but it lies at the heart of research that earned Robert E. Hall and Michael Woodford the 2026 Nobel Prize in Economic Sciences on Monday "for microeconomic foundations of macroeconomic stabilization," according to the Royal......
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WINDHOEK, 03 June 2025 - Road rehabilitation works are ongoing in Eveline Street in Windhoek. (Photo by: Molly Weyulu) NAMPA

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SWAKOPMUND, 12 October 2026 - Trucks transporting specialised equipment for the 2026 Integrated Field Exercise (IFE26) of the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO) arrive in Swakopmund. (Photo by: Isabel Bento) NAMPA

SWAKOPMUND, 12 October 2026 - Trucks transporting specialised equipment for the 2026 Integrated Field Exercise (IFE26) of the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO) arrive in Swakopmund. (Photo by: Isabel Bento) NAMPA

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SWAKOPMUND, 12 October 2026 - Trucks transporting specialised equipment for the 2026 Integrated Field Exercise (IFE26) of the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO) arrive at the base in Swakopmund. (Photo by: Isabel Bento) NAMPA

SWAKOPMUND, 12 October 2026 - Trucks transporting specialised equipment for the 2026 Integrated Field Exercise (IFE26) of the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO) arrive at the base in Swakopmund. (Photo by: Isabel Bento) NAMPA

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WINDHOEK, 11 October 2026 - Agriculture, Fisheries, Water and Land Reform, Inge Zaamwani (left) pictured with ||Kharas Region Governor Dawid Gertze (middle) during her visit to the Karasburg veterinary district (Photo: Contributed)

WINDHOEK, 11 October 2026 - Agriculture, Fisheries, Water and Land Reform, Inge Zaamwani (left) pictured with ||Kharas Region Governor Dawid Gertze (middle) during her visit to the Karasburg veterinary district (Photo: Contributed)

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Windhoek, 12 October 2026 - Over 100 officials from various local authorities have gathered at the Namibia Institute of Public Administration and Management (NIPAM) in Windhoek for a capacity-building workshop on International Public Sector Accounting Standards (IPSAS). (Photo by: Uakutura Kambaekua) NAMPA

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B1 ROAD, 11 October 2026 - The seven-seater which overturned and rolled three times after an alleged tyre burst Sunday afternoon along the Otjiwarongo-Okahandja B1 road. Seven occupants including its 37-year-old driver survived the accident with slight to serious injuries and were taken to the Okahandja State Hospital for medical attention. (Photo by: Mulisa Simiyasa) NAMPA

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B1 ROAD, 11 October 2026 - The seven seater which overturned and rolled three times after an alleged tyre burst Sunday afternoon along the Otjiwarongo-Okahandja B1 road. Seven occupants including its 37-year-old driver survived the accident with slight to serious injuries and were taken to the Okahandja State Hospital for medical attention. (Photo by: Mulisa Simiyasa) NAMPA

B1 ROAD, 11 October 2026 - The seven seater which overturned and rolled three times after an alleged tyre burst Sunday afternoon along the Otjiwarongo-Okahandja B1 road. Seven occupants including its 37-year-old driver survived the accident with slight to serious injuries and were taken to the Okahandja State Hospital for medical attention. (Photo by: Mulisa Simiyasa) NAMPA

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B1 ROAD, 11 October 2026 - The seven seater which overturned and rolled three times after an alleged tyre burst Sunday afternoon along the Otjiwarongo-Okahandja B1 road. Seven occupants including its 37-year-old driver survived the accident with slight to serious injuries and were taken to the Okahandja State Hospital for medical attention. (Photo by: Mulisa Simiyasa) NAMPA

B1 ROAD, 11 October 2026 - The seven seater which overturned and rolled three times after an alleged tyre burst Sunday afternoon along the Otjiwarongo-Okahandja B1 road. Seven occupants including its 37-year-old driver survived the accident with slight to serious injuries and were taken to the Okahandja State Hospital for medical attention. (Photo by: Mulisa Simiyasa) NAMPA

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