conversableeconomist.com/2026/10/14/the-nobel-prize-to-hall-and-woodford-a-macroeconomic-journey The Nobel Prize to Hall and Woodford: A Macroeconomic Journey
This year's economics Nobel honors work on "microeconomic foundations of macroeconomic stabilisation": but the real story is how spectacularly the field's prior approach collapsed. A 1,000-equation forecasting model from the 1960s made stagflation "literally impossible," and then the 1970s delivered it anyway.
— via Conversable Economist, conversableeconomist
