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William Nordhaus, a renowned economist from Yale University who won the Nobel Prize in 2018 for his work on climate change economics, has passed away at the age of 85. His contributions to the field greatly shaped the understanding of economic implications of climate change, particularly through the DICE model.

Eesti Pank, the national bank of Estonia, has awarded its prestigious research awards, recognizing exceptional contributions from emerging economists. Milen Arro-Cannarsa won the doctoral category, while the Master’s category saw four joint winners: Igor Mohhov, Heli Song, Jiahao Zhu, and Asko Tamm.

Wharton School welcomes nine new faculty members, including Thomas Sargent, a Nobel Prize-winning economist, who returns as the Rowan Distinguished Professor of Finance. Sargent expresses enthusiasm for collaborating with students and faculty, emphasizing the rewards of research in economics.