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The Nobel Memorial Prize in Economics was awarded to Robert E. Hall and Michael Woodford for their work on economic shocks.

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Michael Woodford and Robert E Hall, 'king' of calling US recessions, win economics Nobel — follow Alphaville's live analysis

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The two laureates won the prize for developing new macroeconomic models “that can reduce the intensity of damaging swings in the economy,” said John Hassler, Chair of the Committee for the Prize in Economic Sciences, in a statement.

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Americans Robert Hall and Michael Woodford win Nobel economics prize for helping equip nations to deal with economic shocks

NYTimes

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The Nobel Memorial Prize in Economics was awarded to Robert E. Hall and Michael Woodford for their work on economic shocks.

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Americans Robert E. Hall and Michael Woodford win 2026 Nobel prize in economics

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Nobel in economic sciences

The 2026 prize is awarded to two Americans for developing new models that help governments and central banks stabilize economies amid external shocks

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Robert E. Hall and Michael Woodford, two US-based academics, win the Nobel Prize in Economics

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Nobel memorial prize

Robert E. Hall and Michael Woodford won the economics prize for their work on the microeconomic foundations of macroeconomic stabilization.

DW

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

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Robert Hall and Michael Woodford win 2026 Nobel economics prize "for microeconomic foundations of macroeconomic stabilisation"