Economy
Michael Woodford and Robert E Hall Win 2026 Nobel Prize in Economics
Hindustan Times1h
THE BRIEF
1
American economists Michael Woodford and Robert E Hall won the 2026 Sveriges Riksbank Prize in Economic Sciences for microeconomic foundations of macroeconomic stabilisation.
2
The Royal Swedish Academy of Sciences announced the final award of the year in Stockholm, carrying a prize value of $1.2 million.
3
The laureates demonstrated how economic models could be reconstructed using microeconomic foundations to revitalise stabilisation policy rather than relying on statistical links.