Our goal was to improve the theoretical basis of economic policy. Policymakers must communicate clearly about what they do and why. Stabilization policy should not only be made for people but also explained to them. Hall, who was not present at the award ceremony in Stockholm but called in from New York, says he is 'honored and surprised.' #Nobelprijs #Economie #Stabilisatiebeleid (translated)
Robert Hall and Michael Woodford receive the Nobel Prize in Economic Sciences for their groundbreaking research on government intervention during economic shocks, which lays the foundation for a new stabilization policy. #Nobelprijs #Economie #Stabilisatiebeleid (translated)