The economist Robert Lucas famously wrote that “Once one starts to think about economic growth, it is hard to think about anything else.” The Nobel committee seems to agree. For the second year in a row, it has chosen to honour work on economic growth. This ECB Blog post by Conny Olovsson and Alexander Popov looks at the research of this year’s laureates.

The original post was published on 20 October 2025.
ecb.europa.eu/press/blog/date/2025/html/ecb.blog20251020~a889f0290a.en.html

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Understanding sustained growth: the 2025 Nobel Prize and why it matters for Europe

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