Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

The 2026 Nobel Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to US academics Robert Hall and Michael Woodford. The Royal Swedish Academy of Sciences recognized their groundbreaking work on developing models that explain how monetary and fiscal policies can be used to stabilize economic fluctuations. These models are highly influential and are currently employed by central banks and governments globally. Their research provides crucial frameworks for understanding and managing economic cycles, making their contributions particularly relevant in the current global economic climate. The prize highlights the enduring significance of their theoretical contributions to practical economic policymaking.