The New Keynesians and the Nobel Prize

This year’s Nobel Prize in economic sciences was awarded to two Americans, Michael Woodford and Robert Hall, for developing (nobelprize.org/prizes/economic-sciences/2026/p…) “new macroeconomic models that have significantly improved our ability to implement effective stabilisation policy.” Adam and Cameron discuss.

Plus: the difference between neo-Keynesianism and new Keynesianism.

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