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Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises

Photo: Al Jazeera

What happened

The Swedish academy says the academics' models are 'now used by central banks and ​governments around the world'.

Summary assembled by rule from the sources below

Why it's spreading

Timeline

  1. First appeared on Al JazeeraAl Jazeera
  2. The Guardian World started reportingThe Guardian World

Sources