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. 

Dr. Joseph W. Glauber, former USDA chief economist and research fellow at IFPRI, has been awarded the 2026 Lifetime Achievement Award by CAST for his significant contributions to agricultural science and policy analysis. 

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.

The Ford School of Public Policy at the University of Michigan has appointed Catherine Hausman as its inaugural Lenore K. and Robert Damrauer Professor, a new position focused on energy economics and environmental policy.