Nobel Prize in economics 2026: Robert E. Hall, Michael Woodford win the award

The Economics Nobel is being awarded to Robert E. Hall of Stanford University and Michael Woodford of Columbia University for “microeconomic foundations of macroeconomic stabilisation”, the Nobel academy said on Monday (October 12, 2026).This year’s laureates in economic sciences, Robert E. Hall and Michael Woodford, have developed new macroeconomic models that have significantly improved our ability to implement effective stabilisation policy. On the basis of these models, well-timed fiscal and monetary policy measures can reduce the economy’s peaks and troughs,” the Academy said