Nepal

Kathmandu, 13 October 2026. Nepal's English-language press covers the 2026 economics Nobel almost entirely through wire copy, and first picks out its practical usefulness: models that central banks and finance ministries use to stabilise economies.

The Rising Nepal carries the AFP report, datelined Stockholm on 12 October: the American economists Robert Hall and Michael Woodford were honoured on Monday for their work on how monetary and fiscal policy can ease fluctuations in the economy. The jury of the Royal Swedish Academy of Sciences considers that the laureates provided "a stable theoretical basis" for the models now used by central banks and governments around the world.

The Kathmandu Post, which publishes the Reuters text, stresses the laureates' central idea: an economy can only be stabilised by taking into account the millions of decisions made at the level of households and firms, not through top-down theories. Woodford, 70, a professor at Columbia, said that authorities should not see stabilisation as an exercise in pulling levers regardless of what people understand. The paper adds that the prize, the last of the year, comes with 12 million Swedish crowns, or $1.2 million.

Online Khabar, with a dispatch datelined Kathmandu, runs the same account: during the oil shocks of the 1970s, the Keynesian models long used to deal with recessions proved inadequate. Hall and Woodford then built models on microeconomic foundations, rather than on statistical links between inflation, output and consumption.

All three outlets quote John Hassler, chair of the committee: "With them, we are better equipped to deal with shocks to the economy, such as energy crises or sudden changes in household consumption." They also recall that the prize, created in 1968 thanks to a donation from Sweden's central bank, is sometimes described as a "fake Nobel" by its critics, even though it follows the same selection procedure as the physics and chemistry prizes.

None of the articles ties the prize to Nepal's situation, its interest rates or its energy dependence: the Nobel is presented as global technical knowledge, whose interest lies in energy crises and the conduct of monetary policy.