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Americans Hohl and Wodford win Nobel in Economics
The Americans Robert Hall and Michael Woodford received the Nobel Prize in Economics for 2026 in recognition of their work in developing macroeconomic models that enhance governments' and central banks' ability to achieve economic stability. Their models have contributed to empowering fiscal and monetary policies to reduce economic volatility, especially during sudden crises such as energy shortages and shifts in household consumption patterns. The prize is valued at $1.2 million and is awarded for developing theoretical tools that emphasize the importance of market stability and improved management of economic crises.
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