Robert Hall and Michael Woodford win 2026 Nobel Prize in Economics
Stockholm — American economists Robert E. Hall and Michael Woodford have won the 2026 Nobel Prize in Economics for their research on the microeconomic foundations of macroeconomic stability.The Royal Swedish Academy of Sciences announced the award in Stockholm on Monday. The prize’s official name is the Sveriges Riksbank Prize in Economic Sciences in Memory of…
Stockholm — American economists Robert E. Hall and Michael Woodford have won the 2026 Nobel Prize in Economics for their research on the microeconomic foundations of macroeconomic stability.
The Royal Swedish Academy of Sciences announced the award in Stockholm on Monday. The prize’s official name is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, and it carries a cash award of 12 million Swedish kronor, approximately $1.2 million.
Their research has played a significant role in understanding economic stability and the effects of economic policies. This is the final Nobel Prize to be announced this year; the prizes for medicine, physics, chemistry, literature and peace were announced last week.
The economics prize was first awarded in 1969. Unlike the five original Nobel Prizes established through Alfred Nobel’s 1895 will, it was created by Sweden’s central bank.
Last year, the prize went to Joel Mokyr, Philippe Aghion and Peter Howitt for research on “creative destruction.” Most winners of the economics Nobel have been from the United States, while only three women have received the award. The most recent was Claudia Goldin in 2023, honoured for her research on how gender differences in earnings and employment have evolved over time in the United States.
