2026 Economics Nobel: Ideas for Keeping the Economy Steady

Two American professors, Robert E. Hall and Michael Woodford, won the 2026 Nobel Prize in Economics, announced October 12, 2026. Officially the Sveriges Riksbank Prize in Economic Sciences, it rewards work starting from choices to show how spending and interest rates steady the economy, like a thermostat. Central banks and governments now use those models to soften booms and recessions.