Nobel Prize in Economics — Hall & Woodford
Robert Hall and Michael Woodford won the Nobel Prize in Economics, recognized for foundational work on monetary policy, consumption theory, and the natural rate of interest.
What we know
An account on X retweeted congratulations to both laureates. Woodford's *Interest and Prices* — itself a tribute to Wicksell's work on macroeconomic fluctuations — is highlighted as the central cited work. Hall's contributions include the permanent income hypothesis update showing consumption is stable and doesn't respond to temporary policy, the user cost of capital framework favoring full expensing, and the Hall-Rabushka flat tax.
How the story developed
Robert Hall and Michael Woodford won the Nobel Prize in Economics, recognized for foundational work on monetary policy, consumption theory, and the natural rate of interest.
Robert Hall and Mike Woodford won the Nobel Prize in Economics, widely seen as long-overdue recognition for New Keynesian macroeconomics and potentially prompted by the 'immaculate disinflation' of 2022–23.
Bob Hall and Michael Woodford won the 2026 Nobel Prize in Economics, recognized for work that shifted monetary economics away from money supply targeting toward managing interest rates and inflation expectations.
The 2026 Nobel Prize in Economic Sciences was awarded to researchers working on microfoundational macroeconomic models (New Keynesian), sparking widespread celebration among economists who believe Robert Hall and others long deserved the honor.
Robert Hall and Michael Woodford were awarded the 2026 Nobel Prize in Economic Sciences, with Woodford recognized for his macro policy model enabling better responses to supply shocks, and Hall celebrated for landmark contributions across multiple fields.
Robert E. Hall and Michael Woodford were awarded the 2026 Nobel Prize in Economic Sciences for microeconomic foundations of macroeconomic stabilisation, laying the groundwork for the New Keynesian paradigm.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.