Photographs of American economists Robert E. Hall and Michael Woodford are displayed on a screen during the official announcement of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel at the Royal Swedish Academy of Sciences in Stockholm, Sweden, 12 October 2026. EPA/Anders Wiklund Robert E. Hall and Michael Woodford have won for work that gave central banks their models for handling energy shocks and inflation. The Royal Swedish Academy of Sciences has awarded the 2026 Nobel Prize in Economic Sciences to Robert E. Hall and Michael Woodford for “microeconomic foundations of macroeconomic stabilisation”.
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