Nobel Prize in Economics goes to Robert E. Hall and Michael Woodford for their microeconomic focus on stabilization policy

The 2026 Nobel Prize in Economic Sciences was awarded to Robert E. Hall and Michael Woodford, the Royal Swedish Academy of Sciences in Stockholm announced on Monday. The pair got the Nobel for their work in microeconomic foundations of macroeconomic stabilization. The economics prize is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Last year's prize was awarded to three business innovation researchers who explained how new products and inventions promote economic growth and human welfare, even as they leave older companies behind. The Sveriges Riksbank established it in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist who invented dynamite and established the five Nobel Prizes.