2 American economists win Nobel Prize
Two American economists have won the Nobel Memorial Prize in Economics for research that has helped governments better respond to economic crises.
Robert E. Hall of Stanford University and Michael Woodford of Columbia University were honored for work that the Nobel Committee said has made it possible to manage major economic crises far more effectively.
Their research examines how decisions made by businesses and households shape the broader economy and how policymakers can respond when trouble strikes.
Woodford, who is 70, called the award a tremendous honor and a surprise.
The economics prize is the last of this year’s Nobel awards to be announced.
Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show.
Sign up for Here’s The Deal with Lisa Desjardins: https://to.pbs.org/41q6E8i
Subscribe for exclusive content in our newsletters: https://www.pbs.org/newshour/subscribe
PBS News podcasts: https://www.pbs.org/newshour/podcasts
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS News at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
TikTok: https://www.tiktok.com/@pbsnews
X: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: <a href="https://www.facebook.com/newshour/" target="_blank" rel=”nofollow”>https://www.facebook.com/newshour/
