Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
The laureates were recognized for research that underpins models used by central banks and governments to respond to economic shocks.
- On Monday, American-born Robert Hall and Michael Woodford won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for their work on the microeconomic foundations of macroeconomic stabilisation.
- The Royal Swedish Academy in Stockholm announced the award, which the Bank established in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist.
- John Hassler, chair of the Committee for the Prize in Economic Sciences, said the laureates' "work has provided us with a stable theoretical foundation" for models used by central banks and governments worldwide.
- Recipients will receive 12 million Swedish kronor , whether the prize is awarded to an individual, a small group of laureates, or an organization.
- Although technically not a Nobel Prize, it is presented on Dec. 10 alongside other honors announced last week in medicine, physics, chemistry, literature and peace.
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295 Articles
Robert Hall And Michael Woodford Win Nobel Economics Prize For Stabilisation Policy Models
<p>US economists Robert Hall and Michael Woodford have won the 2026 Nobel economics prize for their work on the microeconomic foundations of macroeconomic stabilisation, the Royal Swedish Academy of Sciences announced on Monday. The economists were recognised for developing models that help governments and central banks design effective fiscal and monetary policies to limit economic volatility. The prestigious award, formally known as the Sverig…
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ОбозревательThey became scientists from the United States.
How can an economy be stabilized without unnecessarily tightening down or driving up an overheated economy? This is the question that this year's Nobel Prize winner research focuses on. US economists Robert E. Hall and Michael Woodford are honored for their work on the foundations of a more effective economic policy.
Liberation
The committee focused on research on "the microeconomic foundations of macroeconomic stabilization", this Monday, October 12. The winners are the Frenchman Philippe Aghion, who was awarded last year.
The researchers were awarded for their work, which has helped to understand how to mitigate strong economic fluctuations.
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