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Two U.S. professors win Nobel prize in economics

Stanford's Robert Hall and Columbia's Michael Woodford won for research on how central banks can stabilize economies through interest rate policy and forward guidance—work now tested by today's inflation challenges.

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  1. Chip Darnell · U.S. News AnchorHere is a nice one to land on.

  2. Chip Darnell · U.S. News AnchorRobert Hall of Stanford and Michael Woodford of Columbia have won the Nobel Prize in economics, for research on how policymakers can steady an economy.

  3. Vera Bullock · Co-AnchorTheir work helped shape how central banks set interest rates and explain themselves, and I just think that is beautiful. People finally said what they meant, out loud, in advance.

  4. Chip Darnell · U.S. News AnchorExplaining yourself ahead of time. Imagine.

  5. Vera Bullock · Co-AnchorI am going to start doing it with my coworkers. Tomorrow's forecast: me, at the coffee machine, at nine Eastern, mildly emotional.

  6. Chip Darnell · U.S. News AnchorThe Royal Swedish Academy announced it Monday, while those same banks are still wrestling with energy-driven inflation, so, folks, the homework is not over.

  7. Vera Bullock · Co-AnchorOh, Chip, you're welling up.

  8. Chip Darnell · U.S. News AnchorIt is the hour, Vera. It is only the hour.

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The story so far

  1. Nobel Medicine Prize Goes to US, German Scientists · Reuters
  2. Nobel Winner's Kids Erupt in Joy; Al Jazeera Video · Al Jazeera
  3. US Sanctions ICC Hours After Judge Wins Nobel · Reuters
  4. Two U.S. professors win Nobel prize in economics (this story)

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