Robert E. Hall and Michael Woodford Awarded Nobel Prize in Economics

By Crosswire News · AI-assisted summary of reporting by the outlets linked below

MarketsNPR · Reason · Washington Times

Photo: Reason

American-born economists Robert E. Hall and Michael Woodford won the Nobel Prize in economics for their work on models that help governments and central banks manage economic shocks. The Washington Times adds that the shocks include energy crises and inflation, and that the announcement came on Monday. NPR focuses on sticky prices, which it says help explain why recessions hurt so much and what policymakers can do about them. Reason highlights only Hall, noting his affiliation with the Hoover Institution.

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Left · 2 sources NPRNPRWhat ice cream has to do with this year's Nobel Prize in economics

• CBSCBS NewsNobel Prize in economics goes to 2 Americans

Outlets explain the work's practical meaning, linking price stickiness to the pain of recessions and to policy responses, while also noting the winners are Americans.

Alternative RReasonCongratulations to the Hoover Institution's Robert E. Hall, on His Economics Nobel Prize

Reason focuses on Hall alone, congratulating him as a Hoover Institution colleague and pointing readers to a related post on his work.

Right WTWashington TimesRobert E. Hall and Michael Woodford win Nobel memorial prize in economics

The Washington Times reports the award straightforwardly, naming both winners and citing models for handling shocks like energy crises and inflation.