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STOCKHOLM (Reuters) – William Nordhaus and Paul Romer have won the 2018 Nobel Prize for their integration of climate change and technological innovation into macroeconomic analysis, announced Monday. Royal Swedish Academy of Sciences.
FILE PHOTO: Christine Lagarde (D), Executive Director of the International Monetary Fund (IMF), is applauded by Panel members (from left to right), Ernesto Zedillo, Director of Studies at Yale University Opening Remarks before a session on inclusive growth at the IMF and World Bank annual meeting in Washington on October 8, 2014. REUTERS / Jonathan Ernst / File Photo
"Their findings have greatly expanded the field of economic analysis by building models that explain how the market economy interacts with nature and knowledge," said the academy in a statement.
Of value of 9 million Swedish krona (one million dollars), the economy award was created in 1968. It was not part of the original group of five awards set out in the 1895 will of Swedish industrialist Alfred Nobel.
Nobel Prize Graphic tmsnrt.rs/2y6ATVW
Report by Simon Johnson, Niklas Pollard; Additional reports by Daniel Dickson, Helena Soderpalm and Anna Ringstrom in Stockholm; edited by John Stonestreet
