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Hall and Woodford win Nobel economics prize for work on macroeconomic stabilisation
American economists Robert Hall and Michael Woodford jointly won 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 set interest rates and manage recessions worldwide.
Background
The economics prize is awarded by the Royal Swedish Academy of Sciences. Woodford is known for influential work on monetary policy rules, 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
- 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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