2026 Nobel Prize in Economics Awarded to Robert E. Hall and Michael Woodford
The Royal Swedish Academy of Sciences awarded the prize to two U.S. economists for their work on macroeconomic stability.
At a press conference held in Stockholm by the Royal Swedish Academy of Sciences, the recipients of the 2026 Nobel Prize in Economics were announced, with the award being granted to Robert E. Hall and Michael Woodford.
Recipients of the Award Announced
The Royal Swedish Academy of Sciences officially announced the winners of the 2026 Nobel Prize in Economics at a press conference held in Stockholm.
Microeconomic Foundations
The prize was awarded to U.S. economists Robert E. Hall and Michael Woodford for their groundbreaking work in the field of the microeconomic foundations of macroeconomic stability.
Developed Models
The two economists developed new macroeconomic models that explain inflation, growth, and economic fluctuations based on the economic decisions of households and firms.
These valuable works have enabled central banks and fiscal authorities to develop more effective policies against economic fluctuations, inflation, and crises.
Academic Career of Robert E. Hall
Born in California, USA in 1943, Robert E. Hall continues his academic work as a professor of economics at Stanford University.
Academic Career of Michael Woodford
Born in Massachusetts in 1955, Michael Woodford serves as a professor of economics at Columbia University.