Reposted by JP Pasdeloup
I really beg to disagree.
The Nobel usually rewards influential work. Whether you believe it is pertinent or not, the New Keynesian model has (unfortunately) changed much of macro. Thus, I am not particularly shocked by the prize per se.
#Nobel #Economics #NobelPrize 👇
www.ft.com/content/1d3b...
ft.com
Two economists who transformed crisis management win Nobel Prize
Robert E Hall and Michael Woodford helped central banks respond to 2008 financial turmoil