Nobel economics prize awarded to Robert Hall and Michael Woodford

US economists Robert Hall and Michael Woodford were awarded the 2026 Nobel Prize in Economics for their work on stabilizing the economy through monetary and fiscal policy. They developed new macroeconomic models based on microeconomic foundations, helping central banks and governments better manage economic shocks. Their research provides a stable theoretical basis for effective policy responses to crises such as energy shortages or sudden changes in household consumption. The Royal Swedish Academy of Sciences announced the award in Stockholm.