Robert E. Hall and Michael Woodford Awarded Nobel for Economics

American economists Robert E. Hall of Stanford University and Michael Woodford of Columbia University were awarded the 2026 Nobel Memorial Prize in Economic Sciences. The Royal Swedish Academy of Sciences recognized them for their research into the microeconomic foundations of macroeconomic stabilization, which provides theoretical models used by central banks and governments to manage economic volatility and shocks, such as energy crises.

American economists Robert E. Hall of Stanford University and Michael Woodford of Columbia University were awarded the 2026 Nobel Memorial Prize in Economic Sciences. The Royal Swedish Academy of Sciences recognized them for their research into the microeconomic foundations of macroeconomic stabilization, which provides theoretical models used by central banks and governments to manage economic volatility and shocks, such as energy crises.