Report: Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises

A report from The Guardian — World focuses on “Report: Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises” and sets out the main development contained in the supplied source material.

US economists developed models that support central bankers and finance ministers to stabilise their economies Business live – latest updates Two US economists have won the 2026 Nobel economics prize for their work developing models that support central bankers and finance ministers to stabilise their countries, avoiding long recessions and runaway inflation. The report also notes that Robert Hall of Stanford University, California, and Michael Woodford of Columbia University, New York, were recognised for developing the “microeconomic foundations of macroeconomic stabilisation” , giving policymakers better tools to smooth out the peaks and troughs of their economies.

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