According to China News Network, the Royal Swedish Academy has decided to award the Nobel Prize in Economics of 2026 to Robert E. Hall of Stanford University and Michael Woodford of Columbia University. The award is "in recognition of their contributions to the microfoundations of macroeconomic stabilization."
According to Caixin News, this is in recognition of their development of new macroeconomic models that significantly enhance the ability to implement effective stabilization policies. Based on these models, timely fiscal and monetary policy measures can reduce economic peaks and troughs.
