Two Americans Win Nobel Prize in Economics
· Telemundo McAllen (KTLM)
American economists Robert E. Hall and Michael Woodford were awarded the Nobel Memorial Prize in Economic Sciences for their work on models that assist governments and central banks in managing economic disruptions. The Royal Swedish Academy of Sciences announced the winners in Stockholm, recognizing them for their contributions to the microeconomic foundations of macroeconomic stabilization. Hall is affiliated with Stanford University, while Woodford is with Columbia University. The prize, amounting to 12 million Swedish kronor (approximately $1.2 million), will be awarded on December 10, coinciding with the anniversary of Alfred Nobel's death in 1896.
AI summary · Source: Telemundo McAllen (KTLM) →
