ECONOMIC EXCELLENCE
10/13/2026 |
Econo The 2026 Nobel Prize in economics has been awarded to Americans Robert Hall of Stanford and Michael Woodford of Columbia. Their primary contribution was to rebuild macroeconomics based on microeconomic foundations/data. Rather than looking at macro data to guide policy, these guys were the first to represent macroeconomic outcomes as the result of the behavior of individual consumers and businesses. As a macroeconomist who was a microeconomist, I am thrilled!