Robert Hall and Michael Woodford share the Nobel Prize in Economic Sciences for work on stabilising economies
12 October 2026
The 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to Robert E. Hall of Stanford University and Michael Woodford of Columbia University. The Royal Swedish Academy of Sciences announced it on 12 October 2026. Their research shows how to keep economies stable and avoid damaging swings in inflation, growth and employment. The prize committee says the work generated a paradigm shift in stabilisation policy. The prize is 12 million Swedish kronor, shared.
Laureates:
Robert E. Hall and Michael Woodford
Prize amount:
12 million Swedish kronor
Announced by:
Royal Swedish Academy of Sciences
Why it matters for exams: Nobel laureates and the fields they are honoured for are a standing question in UPSC, Kerala PSC and bank exams.
Kerala PSCUPSCSSCBank
In plain words
Sveriges Riksbank Prize Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — The full name of the Nobel Prize in Economic Sciences, as used in the 2026 announcement.