Hall and Woodford Win 2026 Nobel Economics Prize for New Keynesian Models

Robert E. Hall of Stanford University and Michael Woodford of Columbia University won the 2026 Sveriges Riksbank Prize in Economic Sciences on 12 October 2026 for microeconomic foundations of macroeconomic stabilisation. Their forward-looking New Keynesian models are used by central banks and finance ministries worldwide, the Royal Swedish Academy of Sciences said.