Americans Hall and Woodford win Nobel economics prize for work on stabilisation

WASHINGTON: US academics Robert Hall and Michael Woodford won the 2026 Nobel economics prize for “for microeconomic foundations of macroeconomic ​stabilisation”, the Royal Swedish Academy of Sciences said on Monday.The prestigious ‌award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year and is worth 12 million Swedish ​crowns ($1.2 million).