Nobel economics prize awarded to Robert Hall and Michael Woodford
US academics Robert Hall and Michael Woodford have been awarded the 2026 Nobel Prize in Economic Sciences. Their work on macroeconomic models has provided central banks with tools to stabilize economies during financial shocks.
Why it matters
Their research is foundational to modern monetary and fiscal policy, influencing how governments manage inflation and economic recessions globally.
The Swedish academy says the academics’ models are ‘now used by central banks and governments around the world’.
x whatsapp-stroke copylink google Add Al Jazeera on Google info Robert Hall and Michael Woodford are announced as the laureates of the 2026 Nobel Prize in economics at the Royal Swedish Academy of Sciences in Stockholm, Sweden, October 12, 2026 [Anders Wiklund/TT News Agency via Reuters] By Al Jazeera Staff , AFP and Reuters Published On 12 Oct 2026 12 Oct 2026 The 2026 Nobel Prize in Economic Sciences has been awarded to US academics Robert Hall and Michael Woodford for their work on how monetary and fiscal policy can help stabilise fluctuations in the economy, according to the Royal Swedish Academy of Sciences.
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