American economists Robert E. Hall and Michael Woodford have been awarded the 2026 Nobel Memorial Prize in Economic Sciences for their contributions to macroeconomic stabilisation policies.
The Royal Swedish Academy of Sciences announced the prize, recognizing Hall and Woodford’s research that has helped shape the design and implementation of policies aimed at smoothing economic fluctuations.
The Nobel Memorial Prize in Economic Sciences, established in 1968, is presented each year to individuals whose work has made a distinguished impact on the field of economics.
Hall and Woodford’s work on macroeconomic stabilisation is widely regarded as influential in guiding how governments and central banks respond to economic shocks, reinforcing the importance of rigorous economic analysis in policy making.
The award underscores the continued relevance of American economic scholarship in addressing global economic challenges.
<small>Source: Punch Nigeria — read the original story there.</small>