
“This year’s prize is about stabilization” was the sentence with which Ellen Moons, Secretary General of the Royal Swedish Academy of Sciences, introduced the not-true-Nobel-but-Nobel-still prize for economics this morning (a physicist, she is the first woman to hold the position since the Academy’s creation in 1739). It went to Stanford’s Bob Hall and Columbia’s […]
On the microeconomic foundations of macro stabilisation: The Hall-Woodford prize in historical perspective
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