Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Business category. Published on October 12, 2026 • Originally reported by Graeme Wearden. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Business category. Published on October 12, 2026 • Originally reported by Graeme Wearden. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
US economists developed models that help central bankers and finance ministers to stabilise their economies
Two US economists have won the 2026 Nobel economics prize for their work developing models that help central bankers and finance ministers to stabilise their countries, avoiding long recessions and runaway inflation.
Robert Hall of Stanford University, California, and Michael Woodford of Columbia University, New York, were recognised for developing the “microeconomic foundations of macroeconomic stabilisation”, giving policymakers better tools to smooth out the peaks and troughs of their economies.
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