2026 Nobel in Economics: Hall and Woodford on the foundations of macroeconomic stabilisation

News Tank Academic - Paris - News #456823 - Published on 12/10/26 at 16:43
©  Ill. Niklas Elmehed ©  Nobel Prize Outreach
Robert E. Hall and Michael Woodford - ©  Ill. Niklas Elmehed ©  Nobel Prize Outreach

The Royal Swedish Academy of Sciences has awarded the 2026 Nobel Prize in Economics to two researchers from the US.

The 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Robert E. Hall (Stanford University) and Michael Woodford (Columbia University) for their work on the microeconomic foundations of macroeconomic stabilisation on 12/10/2026.

The academy explained that economic development is marked by alternating periods of slowdown and recovery and that timely economic stimulus or restraint can help stabilise the economy and prevent prolonged recessions or runaway inflation. The work of Robert E. Hall and Michael Woodford transformed stabilisation policy by laying the foundations for New Keynesian models, which were now used by central banks and…

©  Ill. Niklas Elmehed ©  Nobel Prize Outreach
Robert E. Hall and Michael Woodford - ©  Ill. Niklas Elmehed ©  Nobel Prize Outreach

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