Economy
Hall and Woodford Win 2026 Economics Nobel
The Hindu2h
THE BRIEF
1
Americans Robert E. Hall and Michael Woodford were awarded the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
2
The laureates transformed macroeconomics by demonstrating how individual choices, household expectations, and business behaviour shape economic outcomes and government policies.
3
The Royal Swedish Academy of Sciences stated that their new macroeconomic models enable well-timed fiscal and monetary policies to reduce economic peaks and troughs.