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Americans Hall, Woodford win Nobel prize for work on stabilising economies
STOCKHOLM: US academics Robert Hall and Michael Woodford won the 2026 Nobel economics prize on Monday for decades of work developing ground-up models currently used by central banks and finance ministries across the world to stabilise economies. “With them, we are better equipped to deal with shocks in the economy, such as energy crises or sudden changes in how much households consume,” John Hassler, Chair of the Committee for the Prize in Economic Sciences, said in a statement. The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel,...
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