Duo is awarded the economics prize in 2026
Quick Look
Robert E. Hall from Stanford University and Michael Woodford from Columbia University are awarded for developing models for more stable fiscal and monetary policy.
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Why It Matters
Robert E. Hall and Michael Woodford have developed models for more stable fiscal and monetary policy.
Robert E. Hall works at Stanford University and Michael Woodford at Columbia University in the USA. They have both contributed to developing models for a more stable fiscal and monetary policy.
- With these, we can better manage disruptions in the economy, such as energy crises or sudden changes in how much households consume, says John Hassler, chairman of the Economic Price Committee, in a comment.
The prize sum of SEK 12 million is divided equally between the prize winners.
- It feels very good and I am surprised, was Michael Woodford's first comment at the press conference. He was in New York when he got the news.
The text is updated.
Open Questions
- Which specific models are the basis for the price?
