Two American Economists Awarded Nobel Prize Together

WHO:

CBS News Finance - American-born economists Robert E. Hall and Michael Woodford

Bloomberg Markets - US-based academics Robert E. Hall and Michael Woodford

WHAT:

IJR - The Nobel Prize in Economics is worth 12 million crowns.

CBS News Finance - Hall and Woodford won the Nobel memorial prize in economics for their work on models that help governments and central banks manage economic shocks.

Bloomberg Markets - Hall and Woodford will share the 2026 Nobel Prize in Economics for their work on the "microeconomic foundations of macroeconomic stabilization."

WHERE:

Bloomberg Markets - The Royal Swedish Academy of Sciences in Stockholm

WHEN:

Bloomberg Markets - The Nobel Prize in Economics will be awarded in 2026.

(UPDATED October 12, 2026 14:13 UTC)

The Nobel Prize in Economics has been announced, and it carries a value of 12 million crowns. This prestigious award recognizes outstanding contributions to the field of economics. Recipients of this honor will be celebrated for their significant impact on economic thought and practice.

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(UPDATED October 12, 2026 11:04 UTC)

American-born economists Robert E. Hall and Michael Woodford have been awarded the 2026 Nobel Prize in Economics for their groundbreaking work on models that assist governments and central banks in managing economic shocks. The Royal Swedish Academy of Sciences in Stockholm will present this prestigious honor, recognizing their contributions to the "microeconomic foundations of macroeconomic stabilization." This award highlights the importance of their research in shaping economic policy and response strategies.