Hall and Woodford Win 2026 Economics Nobel for Stabilisation Policy Work

Robert E. Hall and Michael Woodford, US academics, were awarded the 2026 Sveriges Riksbank Prize in Economic Sciences for microeconomic foundations of macroeconomic stabilisation. Announced October 12, 2026, the award cites work on how monetary and fiscal policy can stabilise economic fluctuations, providing the theoretical foundation for models now used by central banks and governments.