Economics Nobel Prize awarded to Americans Robert Hall and Michael Woodford, who rebuilt the macroeconomic analytical framework
By studying how consumption decisions are made and how prices are set in concrete terms, the two economists refined the understanding of the economy and provided public policymakers with new tools.
Two economists have won the Memorial Prize in Economic Sciences for their work on models designed to help manage economic shocks, according to the Winnipeg Free Press. Le Monde English reports that the economists studied how prices are set and how consumption decisions are made to refine the understanding of the economy and provide new tools for public policymakers.
Brief written by urgent.news from Le Monde English, Arutz Sheva - Israel National News, Sky News, Winnipeg Free Press — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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