{
  "id": 13973572,
  "title": "Economics Nobel to 2 for models that fix economy",
  "url": "https://urgent.news/2026/10/12/economics-nobel-to-2-for-models-that-fix-economy",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T09:53:22.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/international/world-news/nobel-prize-in-economics-2026-awarded-to-robert-e-hall-and-michaelwoodford-sveriges-riksbank-prize-in-economic-sciences/articleshow/134888651.cms"
  },
  "original_language": "en",
  "account": "The 2026 Nobel Memorial Prize in Economic Sciences has been awarded to Robert E. Hall and Michael Woodford for their groundbreaking work in creating macroeconomic models that enhance policymakers' ability to stabilize the economy. Hall, affiliated with Stanford University in California, and Woodford, linked to Columbia University in New York, have developed theories that provide a solid foundation for central banks and governments worldwide in managing economic fluctuations.\n\nThe Nobel committee stated that the laureates' research has allowed for smoother economic peaks and troughs. Woodford expressed his surprise and delight at receiving the honor, describing it as a tremendous and unexpected achievement. The award, known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is presented annually alongside the other Nobel Prizes on December 10, the anniversary of Nobel's death in 1896.\n\nSince its inception in 1969, the economics prize has been awarded 57 times, recognizing a total of 99 individuals, including up to three laureates in a single year. Previous recipients include Esther Duflo, the youngest woman ever to win the prize in 2019, and French-American economist Amartya Sen, who received the award in 1998 for his contributions to welfare economics.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Nobel Economics Prize 2026: How Hall and Woodford changed policymaking",
        "url": "https://urgent.news/2026/10/12/nobel-economics-prize-2026-how-hall-and-woodford-changed-policymaking",
        "published": "2026-10-12T12:47:57.000Z"
      },
      {
        "outlet": "Guardian Business",
        "title": "Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises",
        "url": "https://urgent.news/2026/10/12/nobel-prize-for-economics-awarded-to-hall-and-woodford-for-work-on",
        "published": "2026-10-12T14:20:53.000Z"
      }
    ]
  },
  "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."
}