Hall and Woodford Win 2026 Economics Nobel for Models That Stabilize Economies

Robert E. Hall of Stanford and Michael Woodford of Columbia won the 2026 Sveriges Riksbank Prize in Economic Sciences on 12 October 2026, the Royal Swedish Academy of Sciences said. They were honored for explaining how individual choices underpin efforts to stabilize the economy, in forward-looking New Keynesian models now used by central banks and finance ministries worldwide.