Robert Hall and Michael Woodford Awarded Nobel Prize in Economics
- 12 Oct 2026
On October 12, 2026, American economists Robert E. Hall and Michael Woodford were announced as winners of the Nobel Prize in Economic Sciences for their research on the microeconomic foundations of macroeconomic stabilization.
Key Facts
- Laureates: The Royal Swedish Academy of Sciences jointly selected American economists Robert E. Hall and Michael Woodford for the 2026 Economics Prize.
- Research Contribution: Selected for developing the microeconomic foundations of macroeconomic stabilization, aiding the understanding of macroeconomic fluctuations.
- Significance: Their economic models assist in understanding monetary and fiscal policies to tackle inflation, recessions, and economic shocks based on household and firm decisions.
- Prize Amount: The total prize money for each Nobel Prize category in 2026 was set at 12 million Swedish Kronor (SEK), shared among joint recipients.
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Nobel Laureates (2026) |
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Category |
Laureate(s) |
Key Contribution |
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Medicine |
Karl Deisseroth, Peter Hegemann, and Georg Nagel |
Discoveries related to light-sensitive ion channels and optogenetics |
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Physics |
Francis Halzen |
Decisive contributions to the IceCube Neutrino Observatory and discovery of high-energy neutrinos from astronomical sources |
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Chemistry |
Henri B. Kagan and Kenso Soai |
Discovery of non-linear effects and autocatalysis in asymmetric organic synthesis |
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Literature |
Anne Carson |
For adventurous and innovative literary works |
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Peace |
Navi Pillay |
Efforts to promote peace and international law |
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Economics |
Robert E. Hall and Michael Woodford |
Research on microeconomic foundations of macroeconomic stabilization |
