Two American economists won the Nobel Prize in Economics for 2026 The Nobel Prize in Economics for 2026 was awarded to two American researchers and economists, Michael Woodford and Robert Hall, for their research on the "fundamentals of microeconomics for macroeconomic stabilization". By introducing new macroeconomic models, these two scholars helped policymakers adopt more effective strategies for maintaining economic stability. On Monday, October 12, the Royal Swedish Academy of Sciences, in a statement regarding the awarding of the two economists, said that they were honored for developing new models for managing recessions and other crises that cannot be contained by traditional means. According to the Nobel Economics Jury, "Based on these models, timely actions in financial and monetary policy can reduce severe economic fluctuations." 83-year-old Robert Hall is a professor at Stanford University and 71-year-old Michael Woodford is a professor at Columbia University. They individually began to consider new models. According to the jury, Hall and Woodford's models include an understanding of how households and businesses affect the economy through their actions. "The achievements of these winners provided a solid theoretical basis for the models currently used by central banks and governments around the world," said John Hessler, chairman of the prize committee, in a statement. "It was a surprise, but I feel great," Woodford said in a telephone interview with reporters when he announced the prize. He added that he was very "happy and excited" to receive "this great honor." Read the full text of this article on the Radio Freda website.

Two American economists won the Nobel Prize in Economics for 2026 The Nobel Prize in Economics for 2026 was awarded to two American researchers and economists, Michael Woodford and Robert Hall, for their research on the "fundamentals of microeconomics for macroeconomic stabilization". By introducing new macroeconomic models, these two scholars helped policymakers adopt more effective strategies for maintaining economic stability. On Monday, October 12, the Royal Swedish Academy of Sciences, in a statement regarding the awarding of the two economists, said that they were honored for developing new models for managing recessions and other crises that cannot be contained by traditional means. According to the Nobel Economics Jury, "Based on these models, timely actions in financial and monetary policy can reduce severe economic fluctuations." 83-year-old Robert Hall is a professor at Stanford University and 71-year-old Michael Woodford is a professor at Columbia University. They individually began to consider new models. According to the jury, Hall and Woodford's models include an understanding of how households and businesses affect the economy through their actions. "The achievements of these winners provided a solid theoretical basis for the models currently used by central banks and governments around the world," said John Hessler, chairman of the prize committee, in a statement. "It was a surprise, but I feel great," Woodford said in a telephone interview with reporters when he announced the prize. He added that he was very "happy and excited" to receive "this great honor." Read the full text of this article on the Radio Freda website.