The 2026 Nobel Prize in Economics was awarded to Americans Robert E. Hall and Michael Woodford for their fundamental and pioneering contributions to macroeconomics. This was announced by the Royal Swedish Academy of Sciences. The two scholars were awarded for having developed theoretical models and practical solutions that explain how to manage market fluctuations, control inflation and guide the monetary policy of central banks.
The motivation of the committee
Woodford and Hall were chosen for their studies on the “microeconomic foundations of macroeconomic stabilization.” They “have developed new macroeconomic models that have improved our ability to implement effective stabilization policies,” the Nobel committee declared.