Nobel economics prize awarded to Robert Hall and Michael Woodford - Al Jazeera
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The Swedish academy says the academics’ models are ‘now used by central banks and governments around the world’. The 2026 Nobel Prize in Economic Sciences has been awarded to US academics Robert Hall and Michael Woodford for their work on how monetary and fiscal policy can help stabilise fluctuations in the economy, according to the Royal Swedish Academy of Sciences. The winners of the prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel and the final prize to be given out this year, were announced on Monday. Recommended Stories list of 4 itemslist 1 of 4Canadian Anne Carson wins 2026 Nobel Prize in Literaturelist 2 of 4Who is Navi Pillay, winner of the 2026 Nobel Peace Prize?list 3 of 4US sanctions International Criminal Court in major escalationlist 4 of 4Why is the US sanctioning the International Criminal Court?end of listThe two laureates developed new macroeconomic models that improve people’s ability to implement effective stabilisation policies, enabling fiscal and monetary policy measures that can reduce damaging swings in the economy.
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