Kevin Bryan, 11 October 2018

The 2018 Nobel Prize in Economic Sciences has been awarded jointly to William Nordhaus for ‘integrating climate change into long-run macroeconomic analysis’, and to Paul Romer for ‘integrating technological innovations into long-run macroeconomic analysis’. This column outlines their work and the connections between them. Both have at their core the longstanding problem of economic growth: why are some places and times rich and others poor, and what is the impact of these differences?

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