Robert E. Hall and Michael Woodford awarded the 2026 Nobel Prize in Economics
The Royal Swedish Academy of Sciences awarded the 2026 Nobel Memorial Prize in Economic Sciences to American economists Robert E. Hall of Stanford University and Michael Woodford of Columbia University on October 12, 2026. They were recognized for their work on the microeconomic foundations of macroeconomic stabilization, developing models used by central banks and governments worldwide. The prize is worth 12 million Swedish kronor, approximately $1.2 million, to be shared between the two laureates.
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