American economists Robert Hall and Michael Woodford win Nobel Economics Prize
American economists Robert Hall and Michael Woodford have won the 2026 Nobel Prize in Economics for their work on macroeconomic stabilization models.
The Royal Swedish Academy of Sciences awarded the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to American economists Robert E. Hall and Michael Woodford. Hall, based at Stanford University, and Woodford, of Columbia University, received the honor for developing microeconomic foundations that enhanced macroeconomic stabilization policies.
Their foundational research, initiated in the late 1970s, created modern frameworks that help central banks and financial authorities navigate economic disruptions, including inflation shocks, recessions, and energy crises. The prize committee noted that their contribution provided a "stable theoretical foundation for the models that are now used by central banks and governments around the world."
Sources: The Guardian, Sweden Herald, France24, The Local Sweden, Daily Sabah.
Sources
- The Guardian — Nobel prize for economics awarded to two Americans, Hall and Woodford, for work on New Keynesian models – business live
- Daily Sabah — Americans Robert E. Hall, Michael Woodford win Nobel prize in economics
- The Local Sweden — Americans win Sweden's economics Nobel for stabilisation models
- Sweden Herald — Nobel Economics Prize Goes to Robert E. Hall and Michael Woodford for Crisis-Fighting Models
- France24 — 🔴 Americans Robert E. Hall and Michael Woodford win Nobel Prize in Economics