Here is what the page “Nobel Economics Prize 2026: Robert Hall and Michael Woodford Win for Crisis-Smoothing Mode” contains. US economists Robert Hall of Stanford University and Michael Woodford of Columbia University have won the 2026 Nobel Prize in economics. The Royal Swedish Academy of Sciences recognized their work on the microeconomic foundations of macroeconomic stabilization. Their models give central bankers and finance ministers better tools to smooth economic peaks and troughs, helping avoid long recessions and runaway inflation.
Hall and Woodford’s research explains how individual decisions by households and firms aggregate into economy-wide fluctuations, and how policy can respond. The prize highlights the importance of rigorous theory for practical policymaking, especially after recent global economic shocks. Their work continues to shape how institutions like the Federal Reserve and IMF think about interest rates and fiscal stimulus. This listing links straight to the original page, where the content is available in full.