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Hall and Woodford win 2026 Nobel Prize in economics for stabilization work
The Nobel committee said their research helps policymakers respond more effectively to economic shocks, supporting models used by central banks and governments.
Robert E. Hall of Stanford University and Michael Woodford have been awarded the 2026 Nobel Prize in economics for research that supports the way policymakers stabilize economies during disruptions, the Nobel committee said, according to the NYT Business and CNBC Economy summaries.
The prize cited insights that help central banks and finance ministers respond to shocks in the economy, aiming to avoid outcomes such as long recessions and runaway inflation, according to the Guardian Business and Guardian Economics summaries.
CNBC Economy further described the award as recognizing work that underpins the models used by central banks and governments to manage economic stabilization.