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Jammu & kashmir News

The Sen Times

Jammu & kashmir / The Sen Times

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2 American economists win Nobel for work on managing economic shocks

STOCKHOLM, October 12, 2026 (AP) American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. The Royal Swedish Academy of Sciences announced the winners in Stockholm, noting that their work created the theoretical foundation to better understand how consumers decide whether to save or spend, insights that make it easier for policymakers worldwide to stabilize economies after fluctuations. The laureates research has made it possible to manage major macroeconomic crises far more

12 Oct 2026 8:42 pm