{
  "id": 13938923,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T10:39:27.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-10-12/hall-and-woodford-win-2026-nobel-economics-prize/107257982"
  },
  "original_language": "en",
  "account": "American economists Robert E Hall and Michael Woodford have been awarded the Nobel Memorial Prize in Economics. The prestigious recognition was bestowed upon them for their pioneering work on the micro-economic foundations of macro-economic stabilisation, which has provided a solid theoretical framework for models utilised by central banks and governments worldwide. Hall, affiliated with Stanford University in California, and Woodford, a professor at Columbia University in New York, will each receive around $900,000, following the award's inception in 1968. Announced by the Royal Swedish Academy of Sciences in Stockholm, the laureates' research has empowered societies to better handle economic shocks, such as energy crises or abrupt shifts in household consumption patterns. The Nobel Memorial Prize in Economic Sciences, officially titled as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968 to commemorate the dynamite inventor and Swedish businessman Alfred Nobel. Although it is often referred to as a Nobel prize, it is technically distinct. The economics prize is presented alongside other awards on December 10th, the date of Nobel's passing in 1896. Recipients of the economics prize, including Hall and Woodford, have been predominantly American, with only three women having received the accolade to date, most recently Claudia Goldin in 2023 for her work on gender's impact on pay and employment in the United States.",
  "summary": "The award was announced by the Royal Swedish Academy of Sciences in Stockholm, honouring Mr Hall who is affiliated with Stanford University in California and Mr Woodford part of Columbia University in New York.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "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": "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."
}