Robert Hall and Michael Woodford win 2026 Nobel economics prize

The 2026 Nobel Memorial Prize in Economic Sciences went to Robert E. Hall of Stanford and Michael Woodford of Columbia, announced October 12, for work on the foundations of macroeconomic stabilisation. CNBC

CNBCNobel prize in economics awarded to Robert E. Hall and Michael WoodfordThe U.S. economists were awarded for work that underpins the models used by central banks and governments to stabilize the economy.

Their work shaped how central banks think about smoothing booms and busts. How well do those models hold up in the current environment of energy shocks and sticky inflation?