Hall and Woodford win the Nobel Prize in Economics

American economists Robert Ernest Hall and Michael Dean Woodford have jointly won the Nobel Memorial Prize in Economic Sciences. The prize cites their work on the microeconomic foundations of macroeconomic stabilisation. Both are identified as American economists. The award is the economics prize announced for 2026.

The prize is joint. The two names are Hall and Woodford. The full names reported are Robert Ernest Hall and Michael Dean Woodford. No third economist was included.

Microeconomic foundations are one part of the cited subject. Macroeconomic stabilisation is the other part. The citation links those two levels of economic analysis. That link is the stated reason for the prize.

The formal name used is the Nobel Memorial Prize in Economic Sciences. The announcement places it with the other Nobel announcements of this season. The laureates are both described as American. The subject is stabilisation policy and its microeconomic base.

The report does not add a numerical model or a policy prescription beyond the citation. It identifies the people and the field of work. The people are Hall and Woodford. The field is the microeconomic foundations of macroeconomic stabilisation.

The recorded award is the economics Nobel. The winners are the two American economists named. The work is joint. The citation theme is stabilisation and its microeconomic foundations.