@kpixtv: American-born economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in Economics on Monday for their work on models that have helped governments and central banks manage economic shocks. Hall, 83, is affiliated with Stanford University in California and Woodford, born in 1955, is affiliated with Columbia University in New York. The Royal Swedish Academy of Sciences announced the winners in Stockholm, saying the winners were being honored "for microeconomic foundations of macroeconomic stabilization.” The academy said in a statement, “The laureates have helped us smooth out the economy's peaks and troughs."

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Monday 12 October 2026 18:50:36 GMT