From The Japan Times · No Author · · 1m 10s
U.S. Economists Win 2026 Nobel Prize
U.S. macroeconomists Robert Hall and Michael Woodford win 2026 Nobel economics prize for microeconomic foundations of macroeconomic stabilization.
In brief
U.S. macroeconomists Robert Hall and Michael Woodford win 2026 Nobel economics prize for microeconomic foundations of macroeconomic stabilization. Robert Hall and Michael Woodford won the 2026 Nobel economics prize for developing macroeconomic models that improve stabilization policy. Originally reported by The Japan…
2026 Nobel Economics Prize Winners
U.S. macroeconomists Robert Hall and Michael Woodford win 2026 Nobel economics prize for microeconomic foundations of macroeconomic stabilization.
Prize Details
The 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is worth 12 million swedish crowns ($1.2 million).
Research Impact
Their models improve implementation of effective stabilization policy, reducing economic swings through timely fiscal and monetary measures.
Committee Statement
Chair John Hassler said the laureates' work provides a stable theoretical foundation for central banks and governments worldwide.
Economic Context
The prize, first awarded in 1969, is not one of the original five nobel awards but was established by sweden's central bank.
Historical Trends
Most previous laureates are from the united states; only three women have won, most recently Claudia Goldin in 2023.
Previous Winners
Last year's winners, Joel Mokyr, Philippe Aghion and Peter Howitt, won for creative destruction and economic growth.
What it means
Robert Hall and Michael Woodford won the 2026 Nobel economics prize for developing macroeconomic models that improve stabilization policy.
