Two U.S. professors win Nobel prize in economics

Stanford University's Robert E. Hall and Columbia University's Michael Woodford won the Nobel Prize in economics for research on how policymakers can stabilize economies, the Royal Swedish Academy of Sciences said on Monday.Why it matters: Their work helped shape how central banks set interest rates and communicate policy. The win comes as those institutions fight energy-driven inflation and risks to economic growth.Zoom out: For decades, policymakers relied on economic models that linked higher inflation with lower unemployment. But that framework broke down during the 1970s stagflation when