The 2026 Nobel Prize in Economics has been awarded to Robert E Hall and Michael Woodford for the study of "microeconomic foundations of macroeconomic stabilisation”.
According to the Acacdemy, the duo 'demonstrated how economic models could be reconstructed to revitalise stabilisation policy'.
The award was announced by the Royal Swedish Academy of Sciences in Stockholm on Monday.
BREAKING NEWSThe Royal Swedish Academy of Sciences has decided to award the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Robert E. Hall and Michael Woodford “for microeconomic foundations of macroeconomic stabilisation.”#NobelPrize https://t.co/2i7ktB1Q2b
Hall is associated with the Stanford University in US and Woodford is associated with the Columbia University in the US.
The economics prize is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
The prize money this year is 12 million Swedish kronor (about $1.2 million).
(With inputs from AP via PTI & Nobelprize.org)