Acceptance speech: 17th Frontiers of Knowledge Awards in Economics, Finance and Management

Acceptance speech by Michael Woodford, recipient of the BBVA Foundation Frontiers of Knowledge Award 2024 in Economics, Finance and Management, jointly awarded with Olivier Blanchard and Jordi Galí for his profound influence on modern macroeconomic analysis and for establishing rigorous foundations for the study of business cycle fluctuations.

Woodford analyzes the evolution of macroeconomic thinking and the role of theoretical models in understanding the economy, with particular attention to monetary policy, highlighting their importance for evaluating strategies, anticipating effects on economic activity and ensuring the stability of markets and the real economy.