{
  "id": 13932591,
  "title": "Robert Hall and Michael Woodford win 2026 Nobel economics prize",
  "url": "https://urgent.news/2026/10/12/robert-hall-and-michael-woodford-win-2026-nobel-economics-prize-13932591",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T09:52:00.000Z",
  "source": {
    "name": "Japan Times",
    "slug": "japan-times",
    "url": "https://www.japantimes.co.jp/news/2026/10/12/world/nobel-economics-prize/"
  },
  "original_language": "en",
  "account": "Stockholm – American economists Robert Hall and Michael Woodford were awarded the 2026 Nobel economics prize on Monday. The Royal Swedish Academy of Sciences honored them for their groundbreaking work on the microeconomic foundations of macroeconomic stabilization. This prestigious award, known as the Sveriges Riksbank Prize in Economic Sciences, comes with a prize of 12 million Swedish crowns ($1.2 million). The laureates' research led to the development of advanced macroeconomic models that enable more effective use of fiscal and monetary policies to mitigate economic fluctuations. The prize committee's chair, John Hassler, stated that their work has provided a robust theoretical framework for models now widely used by central banks and governments worldwide. These models help authorities respond more effectively to economic shocks, such as energy crises or sudden changes in consumer behavior. The Nobel economics prize, first given out in 1969, is part of the prestigious Nobel Prize family, established by Alfred Nobel's will in 1895. Initially, the prize was one of five awards, but it was later created by Sweden's central bank. While most laureates have been Americans, only three women have ever been awarded the economics prize, with the most recent recipient being Claudia Goldin in 2023 for her research on gender and economic outcomes in the United States. Previous recipients in economics have included researchers focusing on monetary policy, the economics of information technology, and evolutionary economic theory. Last year's Nobel prize winners in economics, Joel Mokyr, Philippe Aghion, and Peter Howitt, were honored for their work on \"creative destruction\" and the impact of new technologies and production methods on economic growth and living standards. The Nobel prizes for medicine, physics, chemistry, literature, and peace were announced earlier in the week.",
  "summary": "The award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was the final prize to be given this year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Japan Times",
        "title": "Robert Hall and Michael Woodford win 2026 Nobel economics prize",
        "url": "https://urgent.news/2026/10/12/robert-hall-and-michael-woodford-win-2026-nobel-economics-prize",
        "published": "2026-10-12T09:52:00.000Z"
      },
      {
        "outlet": "The New York Times",
        "title": "Robert E. Hall and Michael Woodford Awarded Nobel for Economics",
        "url": "https://urgent.news/2026/10/12/robert-e-hall-and-michael-woodford-awarded-nobel-for-economics",
        "published": "2026-10-12T10:05:02.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "U.S. economists Hall, Woodford win Nobel Economics Prize 2026",
        "url": "https://urgent.news/2026/10/12/u-s-economists-hall-woodford-win-nobel-economics-prize-2026",
        "published": "2026-10-12T10:16:11.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Americans Hall and Woodford win economics Nobel for stabilisation models",
        "url": "https://urgent.news/2026/10/12/americans-hall-and-woodford-win-economics-nobel-for-stabilisation-13941387",
        "published": "2026-10-12T10:22:28.000Z"
      },
      {
        "outlet": "The Local Sweden",
        "title": "Americans win Sweden's economics Nobel for stabilisation models",
        "url": "https://urgent.news/2026/10/12/americans-win-swedens-economics-nobel-for-stabilisation-models",
        "published": "2026-10-12T10:52:00.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "Today News Headlines for School Assembly, October 13, 2026: Nobel Prize winners in Economics announced; Jantar Mantar denotified as designated protest site",
        "url": "https://urgent.news/2026/10/12/today-news-headlines-for-school-assembly-october-13-2026-nobel-prize",
        "published": "2026-10-12T11:02:43.000Z"
      },
      {
        "outlet": "Dawn Business",
        "title": "Americans Hall and Woodford win economics Nobel for stabilisation models",
        "url": "https://urgent.news/2026/10/12/americans-hall-and-woodford-win-economics-nobel-for-stabilisation",
        "published": "2026-10-12T11:03:31.000Z"
      }
    ]
  },
  "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."
}