US economists win Nobel for research helping policymakers navigate crises
Summary
Two American economists, Robert E. Hall and Michael Woodford, won the Nobel Prize in Economic Sciences for their research. Their work helps leaders and central banks better understand economic ups and downs and design policies to manage recessions and inflation.Key Facts
- Robert E. Hall (Stanford University) and Michael Woodford (Columbia University) won the Nobel Memorial Prize in Economic Sciences in 2026.
- Their research focuses on stabilizing the economy during crises.
- Their work aids policymakers and central banks in managing economic changes like recessions and inflation.
- They studied how public expectations affect economic policy decisions.
- The Nobel Prize prize money is about $1.2 million, split equally between them.
- The prize is known as the Nobel Memorial Prize in Economic Sciences.
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