Nobel prize for economics awarded to two Americans, Hall and Woodford, for work on New Keynesian models – business live

The Sveriges Riksbank Prize in Economic Sciences has been awarded to Robert Hall and Michael Woodford for developing the “microeconomic foundations of macroeconomic stabilisation” There’s some movement in the Nobel economics prize betting, with around 45 minutes to go until the announcement. Sidney Winter, the professor emeritus of management at the Wharton School , and Lawrence Katz, the Elisabeth Allison…