Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
Reported by CNBC · October 12, 2026
The academy recognized their work on economic models that help governments and central banks design policies to limit economic fluctuations. The models are used by policymakers around the world, according to the academy.
The research can help officials respond to shocks such as energy crises and shifts in household consumption, Al Jazeera reported. The Guardian said the models help explain and quantify how policy affects business cycles.
Woodford told the prize committee by phone that the award was a tremendous honour and a surprise, CBC reported.
Where this came from
CNBC did not allow its article to be shown here. This version was written by Sureno, in its own words, from other reporting:
- CBC — Robert E. Hall and Michael Woodford win Nobel memorial prize in economics | CBC News
- Al Jazeera — Nobel economics prize awarded to Robert Hall and Michael Woodford
- the Guardian — Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises