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William D. Nordhaus and Paul M. Romer receive Nobel Prize for Economics

The Nobel Prize for Economics 2018 was awarded in equal parts to William D. Nordhaus for “integrating climate change into long-term macroeconomic analysis” and Paul M. Romer for “integrating technological innovation into long-term macroeconomic analysis”. William D. Nordhaus is co-author of the book “Global Carbon Pricing” in which he, together with C-SEB members Peter Cramton and Axel Ockenfels, proposes solutions for climate change through an International CO2 Pricing System. The C-SEB congratulates Prof. Nordhaus and Prof. Romer on this outstanding award.
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