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US Academics Robert Hall and Michael Woodford Win Nobel Economics Prize
WHY IT MATTERS
The Nobel economics prize recognizes Hall and Woodford's contributions to macroeconomic stabilization, enhancing the ability to deal with economic shocks and improve living standards.
What happened
US academics Robert Hall and Michael Woodford have been awarded the 2026 Nobel economics prize for their work on microeconomic foundations of macroeconomic stabilization.
Their new macroeconomic models have improved the ability to implement effective stabilization policy, enabling well-timed fiscal and monetary policy measures to reduce damaging swings in the economy.
The two laureates' work has provided a stable theoretical foundation for models used by central banks and governments worldwide.
PRIMARY SOURCES
Americans Hall and Woodford win Nobel economics prize for work on stabilization
Rappler · Reuters · Discovery only; publisher copyright terms apply
CORRECTIONS & UPDATES
- Revision 1 · Initial ingestion · Oct 12, 2026, 10:45 PM
- Revision 2 · Source update detected · Oct 12, 2026, 10:45 PM