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Michael Woodford's Nobel win highlights his influence on China's central bank
Original: Long before his Nobel win, Michael Woodford was influencing China’s central bank
Economist Michael Woodford has won a Nobel prize, drawing fresh attention to his long-running influence on monetary policy thinking in China. The South China Morning Post reports that the People's Bank of China drew on his research on interest-rate frameworks and central bank communication well before the award, as Beijing worked to modernise its policy toolkit.
Why now: The Nobel recognition has prompted renewed interest in how Woodford's monetary economics research shaped Chinese central banking policy.
Michael WoodfordPeople's Bank of ChinaSouth China Morning Post
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Evidence
- Long before his Nobel win, Michael Woodford was influencing China’s central bank · South China Morning Post
- Long Before his Nobel win, Michael Woodford was influencing China’s central bank · South China Morning Post
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