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Hall and Woodford win Nobel economics prize
American economists Robert Hall and Michael Woodford jointly received the Nobel Memorial Prize in Economic Sciences. They were honoured for work on the microeconomic foundations of macroeconomic stabilisation.
Why it matters
Their research underpins how central banks think about steering economies through recessions and inflation.
Background
The economics prize is awarded by the Royal Swedish Academy of Sciences and is the last Nobel announced each year. Woodford is known for work on monetary policy frameworks, and Hall for research on business cycles and labour markets.
The story so far
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- Canadian poet Anne Carson wins Nobel Prize in Literature
- Canadian poet Anne Carson wins Nobel Prize in Literature
- Hall and Woodford win Nobel economics prize
- Hall and Woodford win Nobel economics prize for work on macroeconomic stabilisation
Sources
- CNN ↗October 12, 2026
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