Michael Dean Woodford (born 1955) is an American macroeconomist and monetary theorist who currently teaches at Columbia University.
He was awarded the John D. and Catherine T. MacArthur Foundation Prize Fellowship, which financed his research from 1981 to 1986.
[5] Woodford's early research topics included sunspot equilibria,[6] and imperfect competition.
[11] Michael Woodford has especially praised Knut Wicksell's advocacy of using the interest rate to maintain price stability, noting that this was a remarkable insight at a time when most monetary policy was based on the gold standard (Woodford, 2003, p. 32).
Woodford calls his own framework 'neo-Wicksellian', and he titled his textbook on monetary policy in homage to Wicksell's work.