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Nobel economics prize honours work on economic stability

Original: A Nobel prize for how to keep economies on an even keel

The Economist reports that the latest Nobel memorial prize in economics has gone to research on how to keep economies stable, avoiding booms and busts. The award recognises scholarship on macroeconomic stabilisation, a topic with obvious resonance as policymakers worldwide grapple with inflation, interest-rate decisions and worries about growth. Commentators are weighing what the prize signals about the field's priorities.

Why now: The announcement of the Nobel memorial prize in economics always draws attention, and this year's focus on stabilising economies speaks directly to current debates over inflation and monetary policy.

The EconomistNobel PrizeSveriges Riksbank

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