Two economists have been awarded the Nobel Prize in Economics for pioneering models that equip central banks and governments with stronger tools to manage economic fluctuations. Their research, focused on linking microeconomic behavior to broader macroeconomic stability, provides policymakers with frameworks to mitigate severe recessions and curb inflationary pressures. By grounding stabilization efforts in rigorous economic theory, their work has reshaped how financial authorities approach economic crises. The recognition highlights the growing importance of data-driven policymaking in maintaining economic resilience.
US economists developed models that help central bankers and finance ministers to stabilise their economiesBusiness live – latest updatesTwo US economists have won the 2026 Nobel economics prize for their work developing models that help central bankers and finance ministers to stabilise their countries, avoiding long recessions and runaway inflation.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. Continue reading...
