US economists Hall and Woodford win 2026 Nobel Prize in Economics

AI-generated briefing · First published 2026-10-12 10:25:55 UTC

Robert E. Hall and Michael Woodford receive the prize for work on stabilizing economic cycles.

Robert E. Hall of Stanford University and Michael Woodford of Columbia University were awarded the 2026 Nobel Prize in Economic Sciences on Monday for their research on the microeconomic foundations of macroeconomic stabilization policy, enabling governments and central banks to respond more effectively to booms and recessions. [1] [2] [3]

The Royal Swedish Academy of Sciences announced the award in Stockholm. The prize is worth 12 million Swedish kronor ($1.2 million) and is the final Nobel honor given this year. [2] [3]

Sources

1. Last Nobel prize of the year to be announced for economics

   NPR Business · 2026-10-12 08:35:16 UTC · Full text

2. Nobel Prize in Economics goes to pair of US economists

   DW English · 2026-10-12 09:55:00 UTC · Full text

3. 🔴 Americans Robert E. Hall and Michael Woodford win Nobel Prize in Economics

   France 24 English · 2026-10-12 09:55:33 UTC · Full text

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