Robert Hall and Michael Woodford awarded 2026 Nobel Prize in Economics

The 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded jointly to Robert E. Hall of Stanford University and Michael Woodford of Columbia University. Daily Excelsior reported that the award was announced on 12 October 2026. The Nobel Prize recognises their scholarship on the microeconomic foundations of macroeconomic stabilisation. [1]

Daily Excelsior noted that the researchers explained how household and business decisions influence economic fluctuations, integrating Keynesian macroeconomics into their framework. As FTMQ Business reported earlier, their research provided crucial tools for policymakers and central banks attempting to manage economic cycles, recessions, and inflation. [1][5]

Robert Ernest Hall serves as the Robert and Carole McNeil Joint Senior Fellow at the Hoover Institution alongside his role as a professor of economics at Stanford University. The Economics Nobel Prize itself was established in 1968 by Sweden's central bank, Sveriges Riksbank. [2][5]