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.

The European Central Bank (ECB) has decided to keep its three key interest rates unchanged amid rising energy prices that pose risks to both inflation and economic growth.

Christine Lagarde, President of the European Central Bank (ECB), officially announced her resignation date, which is set for February 7, 2027.