Business & Finance
Robert E. Hall and Michael Woodford win 2026 Nobel economics prize
US economists honored for work on microeconomic foundations of macroeconomic stabilization, the Royal Swedish Academy said Monday.
The short version
- US economists Robert E. Hall of Stanford and Michael Woodford of Columbia were named 2026 Nobel economics laureates.[France 24 · Associated Press · Deutsche Welle]
- The academy credited their work on microeconomic foundations of macroeconomic stabilization, which informs models used by governments and central banks.[France 24 · Associated Press · Deutsche Welle]
- The prize is worth 12 million Swedish kronor, about $1.2 million, and will be presented with other Nobel prizes on December 10.[France 24 · Associated Press · Deutsche Welle]
Key facts
- The Royal Swedish Academy of Sciences announced on Monday that US economists Robert E. Hall and Michael Woodford won the 2026 Nobel economics prize.[France 24 · Associated Press · Deutsche Welle]
- The academy cited the laureates' work on microeconomic foundations of macroeconomic stabilization as the reason for the award.[France 24 · Associated Press · Deutsche Welle]
- Hall is affiliated with Stanford University and Woodford with Columbia University.[Associated Press]
- The prize is worth 12 million Swedish kronor, about $1.2 million, and is formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.[France 24 · Associated Press · Deutsche Welle]
- Committee chair John Hassler said the work provides a stable theoretical foundation for models used by central banks and governments.[Associated Press]
- The prize money is the same whether awarded to an individual, a small group of laureates or an organization.[Associated Press · Deutsche Welle]
- The economics prize is presented with the other Nobel prizes on December 10, the anniversary of Alfred Nobel's death in 1896.[Associated Press · Deutsche Welle]
What remains uncertain
- Some Nobel purists argue the economics prize is technically not a Nobel Prize, since it was not one of the five original prizes in Nobel's will.[Associated Press · Deutsche Welle]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- 🔴 Americans Robert E. Hall and Michael Woodford win Nobel Prize in EconomicsFrance 24
- Robert E. Hall and Michael Woodford win Nobel memorial prize in economicsAssociated Press · Wire: associated-press
- Nobel Prize in Economics goes to Robert E. Hall and Michael Woodford for their microeconomic focus on stabilization policyDeutsche Welle
- Two Americans win Nobel Prize in Economics for work on boom-bust cyclesNPR - Top News
- Nobel Prize in economics goes to 2 AmericansCBS News - Top Stories
- Nobel economics prize awarded to Robert Hall and Michael WoodfordAl Jazeera
- Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crisesThe Guardian - World
- US economists win Nobel for research helping policymakers navigate crisesFrance 24