Why this Nobel Prize matters for your money | DW News

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Robert E. Hall and Michael Woodford have won the 2026 Nobel Prize in Economics for research that changed how governments and central banks respond to economic shocks. How can the decisions of individual households and businesses help explain recessions, inflation and economic booms? And how effective are the tools policymakers use to steer the economy through crises? DW business reporter Steven Beardsley explains why the economists' work was groundbreaking, and why debate over these policy tools remains as relevant as ever. #nobel #laureate #economics #money #dwcurrentaffairs 00:00 Nobel prize for economics awarded to Robert E. Hall and Michael Woodford 00:19 How research on households and businesses helps shape economic policy 00:32 Interview: Steven Beardsley, DW Business Reporter 00:45 Why managing inflation and economic downturns remains a challenge for central banks 01:40 Interest rates as a tool to cool inflation or stimulate growth 02:18 When traditional central bank tools

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