Economics Nobel: The People Behind The Numbers
Robert E. Hall and Michael Woodford have helped explain how expectations and individual decisions shape the economy. In a world of uncertainty, their work takes on renewed relevance amid challenges to growth, inflation, and the choices that affect everyday life
© Nobel Prize Outreach: Niklas Elmehed
The economy is often presented through big numbers: inflation, interest rates, growth, unemployment. But behind every indicator lies a human story. A family postponing the purchase of a car, a small business owner deciding against hiring, a worker worried about losing a job, or a young person trying to plan for the future without knowing how much it will cost to live a year from now.
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