Explainer: Why the 2026 Nobel Prize in Economics honors scholars tackling economic shocks

NAMPA / Xinhua
2026-10-13
STOCKHOLM, Oct. 13 (Xinhua) -- The 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to American economists Robert E. Hall and Michael Woodford for their decades of work developing models that have helped governments and central banks manage economic shocks. In its announcement on Monday, the Royal Swedish Academy of Sciences credited the two economists with laying "microeconomic foundations of macroeconom......
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