Nobel Prize in Economics laureates announced

The laureates of the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, selected by the Nobel Committee for Economic Sciences at the Royal Swedish Academy of Sciences, have been announced.

TodayPress TV reports, citing NobelPrize.org, that Robert E. Hall and Michael Woodford have been named the 2026 laureates in this field.

Why were they awarded the prize?

They received the award for their research into the microeconomic foundations of macroeconomic stabilisation.

Brief profiles of the Nobel laureates in economics

American economist Robert Ernest Hall was born on August 13, 1943, and is a professor of economics at Stanford University. He is known for his research on macroeconomics, labour markets, consumer behaviour and business cycles. Since 1978, Hall has chaired the relevant committee at the National Bureau of Economic Research (NBER), which determines the start and end dates of economic recessions in the United States. He served as president of the American Economic Association in 2010 and made significant contributions to the development of consumer theory and the flat-tax model.

American economist Michael Woodford was born in 1955 and is a professor of economics at Columbia University. He is known for his research on macroeconomics, monetary policy, inflation control and the impact of interest rates on the economy. Woodford has made significant contributions to the development of New Keynesian macroeconomic models and is the author of Interest and Prices: Foundations of a Theory of Monetary Policy. He received the Deutsche Bank Prize in 2007 and the Erwin Plein Nemmers Prize in Economics in 2024.

Who received the Nobel Prize in Economics in 2025?

It is worth recalling that Joel Mokyr, Philippe Aghion and Peter Howitt were named the 2025 laureates in this field.