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Nobel prize in economics awarded to Robert E. Hall and Michael Woodford

The laureates were recognized for research that underpins models used by central banks and governments to respond to economic shocks.

  • On Monday, American-born Robert Hall and Michael Woodford won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for their work on the microeconomic foundations of macroeconomic stabilisation.
  • The Royal Swedish Academy in Stockholm announced the award, which the Bank established in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist.
  • John Hassler, chair of the Committee for the Prize in Economic Sciences, said the laureates' "work has provided us with a stable theoretical foundation" for models used by central banks and governments worldwide.
  • Recipients will receive 12 million Swedish kronor , whether the prize is awarded to an individual, a small group of laureates, or an organization.
  • Although technically not a Nobel Prize, it is presented on Dec. 10 alongside other honors announced last week in medicine, physics, chemistry, literature and peace.
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Lean Left

The Nobel Prize in Economics awarded on Monday to the Americans Michael Woodford and Robert Hall.

·Montreal, Canada
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Center

The Nobel Prize in Economics this year was awarded to Americans Robert E. Hall and Michael Woodford for their contribution to macroeconomic stabilization based on microeconomic foundations, the Royal Swedish Academy of Sciences announced in Stockholm.

·Ljubljana, Slovenia
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Lean Left

American economists Robert Hall and Michael Woodford have been awarded the Nobel Prize in Economics for their work on how monetary and fiscal policies can help stabilize economic fluctuations. "The work of the laureates has provided us with a solid theoretical basis for the models used today by central banks and governments around the world," said the Royal Swedish Academy of Sciences, which selects the winners. John Hassler, chairman of the pri…

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Center

The Nobel Prize in Economics was awarded this Monday, October 12, 2026 to the Americans Robert E. Hall and Michael Woodford. Their research on the microeconomic foundations of macroeconomic stabilization has been...

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NBC LA broke the news in Los Angeles, United States on Monday, October 12, 2026.
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