{
  "id": 13936783,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T11:02:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20261012/american-hall-woodford-win-nobel-memorial-prize-in-economics"
  },
  "original_language": "en",
  "account": "Stockholm, Monday — American economists Robert E. Hall and Michael Woodford were awarded the Nobel Memorial Prize in Economics on Monday for their groundbreaking work on models that assist governments and central banks in managing economic shocks. The Royal Swedish Academy of Sciences announced the winners, stating that their research has enabled policymakers to navigate economic fluctuations more effectively. The academy noted, \"The laureates have helped us smooth out the economy's peaks and troughs.\"\n\nHall, based at Stanford University in California, and Woodford, affiliated with Columbia University in New York, were each honored for their significant contributions. Woodford, who accepted the award via phone from New York, expressed his gratitude, calling it a \"tremendous honor\" and a \"surprise.\" John Hassler, chair of the Prize in Economic Sciences committee, highlighted the impact of their work, stating that it has provided a \"stable theoretical foundation for the models that are now used by central banks and governments around the world.\" Hassler added that with their contributions, policymakers are now better equipped to handle economic shocks.",
  "summary": "STOCKHOLM — American-born economists Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics on Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. The Royal Swedish Academy of Sciences announced the winners in Stockholm, saying the two were being honored for work that has helped…",
  "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-13940262",
        "published": "2026-10-12T11:22:03.000Z"
      }
    ]
  },
  "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."
}