{"id":1455,"date":"2026-10-15T21:31:00","date_gmt":"2026-10-15T20:31:00","guid":{"rendered":"https:\/\/stefan.schleicher.at\/?p=1455"},"modified":"2026-10-26T21:33:03","modified_gmt":"2026-10-26T20:33:03","slug":"two-new-keynesians-robert-hall-and-michael-woodford-win-the-highest-honour-in-economics","status":"publish","type":"post","link":"https:\/\/stefan.schleicher.at\/index.php\/2026\/10\/15\/two-new-keynesians-robert-hall-and-michael-woodford-win-the-highest-honour-in-economics\/","title":{"rendered":"Two \u201cNew Keynesians\u201d, Robert Hall and Michael Woodford, win the highest honour in economics"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">On October 12th the Nobel memorial prize, the top gong in economics, was awarded to two of that movement\u2019s leading lights, Robert Hall of Stanford University and Michael Woodford of Columbia University. The prize committee credited the duo with rebuilding macroeconomics on \u201cmicrofoundations\u201d: representing economic outcomes as the result of the behaviour of individuals and businesses. That was an intellectual break from the past.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.economist.com\/finance-and-economics\/2026\/10\/12\/a-nobel-prize-for-how-to-keep-economies-on-even-keel\" target=\"_blank\" rel=\"noopener\">Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 12th the Nobel memorial prize, the top gong in economics, was awarded to two of that movement\u2019s leading lights, Robert Hall of Stanford University and Michael Woodford of Columbia University. The prize committee credited the duo with rebuilding macroeconomics on \u201cmicrofoundations\u201d: representing economic outcomes as the result of the behaviour of individuals and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1455","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/1455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/comments?post=1455"}],"version-history":[{"count":1,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/1455\/revisions"}],"predecessor-version":[{"id":1456,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/1455\/revisions\/1456"}],"wp:attachment":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/media?parent=1455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/categories?post=1455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/tags?post=1455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}