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Michael Woodford and Robert E Hall win 2026 Sveriges Riksbank Prize in Economic Sciences

Michael Woodford and Robert E Hall won this year's Nobel Prize in Economic Sciences “for microeconomic foundations of macroeconomic stabilisation.”

Michael Woodford and Robert E Hall win 2026 Sveriges Riksbank Prize in Economic Sciences

Michael Woodford and Robert E Hall were honored with the 2026 Nobel Prize in Economic Sciences on Monday by the Royal Swedish Academy of Sciences in Stockholm. The award recognized their work on microeconomic foundations of macroeconomic stabilization. Last year, three researchers who studied business innovation received the prize for explaining how new products and inventions contribute to economic growth and human welfare, even as they potentially leave older companies behind.

Established in 1968 as a memorial to Swedish businessman and chemist Alfred Nobel, the central bank awards the economics prize annually to honor his legacy.

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