{
  "id": 14093072,
  "title": "Americans Hall and Woodford win economics Nobel for stabilisation models",
  "url": "https://urgent.news/2026/10/13/americans-hall-and-woodford-win-economics-nobel-for-stabilisation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T02:06:58.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/world/nobel-prize-hall-woodford-economic-fluctuations-6454646"
  },
  "original_language": "en",
  "account": "Stockholm, Sweden - American economists Robert Hall and Michael Woodford were honored with the Nobel Prize in Economics on Monday for their groundbreaking work in creating models that stabilize economies during disruptive fluctuations. The Royal Swedish Academy of Sciences praised their innovative approach which differed from traditional Keynesian models. Hall and Woodford's models recognized the impact of individual households and businesses on the economy, and emphasized the importance of forward-looking decision-making by governments and central banks. Their work has been instrumental in guiding central banks and governments worldwide in crafting effective fiscal and monetary policies.",
  "summary": null,
  "key_points": [
    "American economists Robert Hall and Michael Woodford awarded Nobel Prize in Economics",
    "Models stabilize economies during disruptive fluctuations, differ from Keynesian approach",
    "Recognize households' and businesses' impact, emphasize forward-looking decision-making"
  ],
  "editors_take": "By prioritizing the influence of individual households and businesses, these models provide central banks and governments with more effective tools for navigating disruptive economic fluctuations through proactive policy decisions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}