Nobel Prize Winners in Economics Announced American Scholars Hall and Woodford Winners
Quick Look
The 2026 Nobel Prize in Economics will be jointly won by Professor Hall of Stanford University and Professor Woodford of Columbia University in recognition of their contributions to research on monetary and fiscal policies to stabilize economic fluctuations.
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Why It Matters
The Evaluation Committee of the Royal Swedish Academy of Sciences announced the winners of the 2026 Nobel Prize in Economic Sciences.
The winner of the 2026 Nobel Prize in Economics has been announced. The 83-year-old Robert Hall, an economics professor at Stanford University in the United States, and the 71-year-old economics professor at Columbia University, Michael Woodford, jointly won this honor.
The evaluation committee of the Royal Swedish Academy of Sciences stated on the 12th that the two people won the award for their research on "how monetary and fiscal policies can help stabilize economic fluctuations" and will share the prize of 12 million Swedish kronor (NT$38.27 million) equally.
"Reuters" reported that the two laureates developed new macroeconomic models that improved the ability of countries to implement effective stabilization policies, thereby enabling them to take timely fiscal and monetary policy measures to reduce the intensity of disruptive fluctuations in the economy.
John Hassler, chairman of the Economics Prize Committee, said in a statement: "The work of the laureates has provided us with a stable theoretical foundation. These models are now used by central banks and governments around the world. With these models, we can better respond to economic shocks, such as energy crises or sudden changes in household consumption."
Open Questions
- Will the two winners put forward new policy suggestions for the current global economy in the future?
