U.S. Economists Hall and Woodford Honored with 2026 Nobel Prize for Macroeconomic Stability Research

U.S. economists Robert Hall and Michael Woodford win 2026 Nobel Prize for work on macroeconomic stabilization models.

October 12, 2026 One Min Read

POLICY WIRE — Stockholm, Sweden — American scholars Robert E. Hall and Michael Woodford have been awarded the 2026 Nobel Prize in Economic Sciences for their groundbreaking research on the microeconomic underpinnings of macroeconomic stability.

The Royal Swedish Academy of Sciences announced the award on Monday, recognizing the pair for developing theoretical frameworks that provide a solid basis for economic policies implemented by central banks and governments globally.

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Hall, affiliated with Stanford University, and Woodford, from Columbia University, have contributed significantly to understanding how macroeconomic policies can be grounded in microeconomic principles, influencing global financial decision-making.

Reporting by Policy-Wire (PW)

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