Robert Hall and Michael Woodford win 2026 Economics Nobel Prize

The Royal Swedish Academy of Sciences awarded the 2026 Nobel Prize in Economic Sciences to American economists Robert E. Hall and Michael Woodford on October 12, 2026. The Conversation, DhanamOnline, France 24, and the Financial Times all reported that the two academics share this year's award. [1][5][8][10]

The prize was granted in recognition of their work developing macroeconomic models that help manage economic crises, recession, and inflation. The Conversation and Laodong.vn reported that their modelling helped to reduce the duration and severity of economic downturns while cooling down negative impacts during economic booms. [1][4][5]

According to the Royal Swedish Academy of Sciences, as cited by The Conversation, their macroeconomic frameworks provided policymakers with extra tools to smooth out cycles of peaks and troughs. Reports from 매일경제 and The Indian Express noted that their research focused on central bank interest rates and reshaped modern economic policy. [1][3][7]

Officially titled The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, the award was established in 1968 by Sweden's central bank to celebrate its 300th anniversary. Columbia University confirmed that winner Michael Woodford is affiliated with its institution. [11][12]