NewzUS academics Robert Hall and Michael Woodford have been awarded the 2026 Nobel Prize in Economic Sciences for their research into the microeconomic foundations of macroeconomic stabilisation. The Royal Swedish Academy of Sciences announced the honor on Monday, marking the conclusion of this year's Nobel prize announcements.
Formally titled the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, the award carries a monetary value of 12 million Swedish crowns. The recognition highlights the duo's contributions to understanding the mechanisms behind economic stability.
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