Nobel Prize for economics awarded to Hall and Woodford

Robert E. Hall and Michael Woodford were awarded the prize for insights that helped policymakers become “better equipped to deal with shocks in the economy,” the committee said.

American-born economists' models have helped governments and central banks manage economic shocks and "smooth out the economy's peaks and troughs," says Royal Swedish Academy of Sciences.

The Nobel Memorial Prize in economics has been awarded to Robert E Hall and Michael Woodford by the Royal Swedish Academy of Sciences in

Live coverage of exciting economicsy stuff