Two US economists win 2026 Nobel Prize in Economics

Robert E. Hall of Stanford University and Michael Woodford of Columbia University won the 2026 Nobel Prize in Economics for developing macroeconomic models that help governments and central banks respond more effectively to economic crises. Their work on the microeconomic foundations of macroeconomic stabilisation provides policymakers with better tools to reduce economic peaks and troughs through well-timed fiscal and monetary policy measures.