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Global Economic Sciences: Royal Swedish Academy awards Economics Nobel Prize to Robert Hall and Michael Woodford.
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With reference to the Nobel Memorial Prize in Economic Sciences 2026, consider the following statements: 1. The 2026 Prize was awarded to Robert E. Hall and Michael Woodford for work on macroeconomic fluctuations and stabilization policy. 2. Robert Hall's research established that consumption changes follow an unpredictable random walk under rational expectations. 3. Michael Woodford argued that central banks must strictly target monetary aggregates rather than policy interest rates. Which of the statements given above are correct?
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