🔺The Nobel Prize in Economics Goes to Two American Researchers

▪The Royal Swedish Academy of Sciences announced that this year’s Nobel Prize in Economics will be awarded to two American researchers.

▪Robert Hall and Michael Woodford will jointly receive the award for their work on “the microfoundations that underpin macroeconomics.”

▪The Economics Prize was established by Sweden’s central bank in 1968 and is awarded every year alongside the Nobel Prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace.