Robert Hall and Michael Woodford win the 2026 Nobel Prize in Economics
The Academy awarded the 2026 Nobel Prize in Economics to US economists Robert Hall and Michael Woodford for providing a solid theoretical foundation for the models used by central banks and governments. According to the citation, they took a microeconomic approach focused on how households' and firms' decisions, including their expectations about the future, shape the economy as a whole. Hall chairs the committee that dates business cycles since 1978.
In 35 seconds
- Hall and Woodford, US economists, receive the 2026 Nobel Prize in Economics.
- The Academy highlights that their work gave a theoretical foundation to central bank and government models.
- Their approach is microeconomic: how households and firms decide based on their expectations.
Read the full story at El Espectador
IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.
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