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Hall and Woodford win Nobel economics prize for stabilisation work
Original: Americans Hall and Woodford win Nobel economics prize for work on stabilisation
American economists Robert Hall and Michael Woodford have been awarded the Nobel Memorial Prize in Economic Sciences for their research on economic stabilisation policy. Their work examines how central banks and governments can use monetary and fiscal tools to smooth out business cycle fluctuations. Economists say the award highlights the enduring importance of stabilisation questions in the wake of recent inflation shocks and policy debates worldwide.
Why now: Fresh Nobel prize announcement in economics, a category that reliably draws global attention.
Robert HallMichael WoodfordNobel Memorial Prize in Economic Sciences
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