Robert Hall and Michael Woodford have won the 2026 Nobel economics prize “for microeconomic foundations of macroeconomic stabilisation”, the Royal Swedish Academy of Sciences said on Monday.
Hall is affiliated with Stanford University in California, and Woodford with Columbia University in New York.
The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year.
The announcement by the Royal Swedish Academy of Sciences was made in Sweden’s capital Stockholm.