Americans Hall and Woodford win economics Nobel for stabilization models

Americans Robert Hall and Michael Woodford have been awarded the Nobel Prize in Economic Sciences for their work on how monetary and fiscal policy can better stabilize disruptive economic fluctuations.

The prize was announced by the Royal Swedish Academy of Sciences on Monday, October 10, 2022.

The award recognizes the duo's significant contributions to the field of macroeconomics and their impact on economic policy worldwide.