{
  "id": 13929067,
  "title": "Nobel Prize in Economics goes to pair of US economists",
  "url": "https://urgent.news/2026/10/12/nobel-prize-in-economics-goes-to-pair-of-us-economists-13929067",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T09:55:00.000Z",
  "source": {
    "name": "DW News",
    "slug": "dw-news",
    "url": "https://www.dw.com/en/nobel-prize-in-economics-goes-to-pair-of-us-economists/a-79638025?maca=en-rss-en-all-1573-rdf"
  },
  "original_language": "en",
  "account": "The 2026 Nobel Prize in Economic Sciences has been awarded to Robert E. Hall and Michael Woodford, US economists from Stanford University and Columbia University respectively. The Royal Swedish Academy of Sciences recognized their work on microeconomic foundations of stabilization policy, which has led to the development of economic models that assist governments and central banks in responding more effectively to economic fluctuations. Hall and Woodford's models deviate from traditional Keynesian models, focusing on the collective impact of individual households and businesses on the economy. This innovative approach has been praised for providing a robust theoretical framework for modern economic policy-making, enabling more effective management of economic shocks such as energy crises and changes in household consumption. The Nobel Committee commended the laureates for their significant contribution to stabilizing the global economy, particularly during a period marked by low growth, high unemployment, and inflation. The prize money of 12 million Swedish kronor (approximately $1.2 million or €1.07 million) will be shared equally between the two laureates.",
  "summary": "The pair got the Nobel for developing economic models that help governments and central banks respond more effectively to booms and recessions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "NPR",
        "title": "Two Americans win Nobel Prize in Economics for work on boom-bust cycles",
        "url": "https://urgent.news/2026/10/12/two-americans-win-nobel-prize-in-economics-for-work-on-boom-bust",
        "published": "2026-10-12T08:35:16.000Z"
      },
      {
        "outlet": "DW English (Top Stories)",
        "title": "Nobel Prize in Economics goes to pair of US economists",
        "url": "https://urgent.news/2026/10/12/nobel-prize-in-economics-goes-to-pair-of-us-economists",
        "published": "2026-10-12T09:55:00.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Americans Hall and Woodford win Nobel Prize in economics for stabilisation models",
        "url": "https://urgent.news/2026/10/12/americans-hall-and-woodford-win-nobel-prize-in-economics-for",
        "published": "2026-10-12T10:29:53.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "US economists Hall and Woodford win Nobel for stabilisation models",
        "url": "https://urgent.news/2026/10/12/us-economists-hall-and-woodford-win-nobel-for-stabilisation-models",
        "published": "2026-10-12T10:35:07.000Z"
      },
      {
        "outlet": "ABC News AU",
        "title": "Breaking: Americans Hall and Woodford win Nobel economics prize for work on stabilisation",
        "url": "https://urgent.news/2026/10/12/breaking-americans-hall-and-woodford-win-nobel-economics-prize-for",
        "published": "2026-10-12T10:39:27.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "Americans Hall and Woodford win Nobel economics prize for work on stabilisation",
        "url": "https://urgent.news/2026/10/12/americans-hall-and-woodford-win-nobel-economics-prize-for-work-on",
        "published": "2026-10-12T10:46:30.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "American Hall, Woodford win Nobel memorial prize in economics",
        "url": "https://urgent.news/2026/10/12/american-hall-woodford-win-nobel-memorial-prize-in-economics",
        "published": "2026-10-12T11:02:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}