Two Americans win Nobel prize for models to tackle economic downturns

American professors Robert E. Hall and Michael Woodford have won the 2026 Nobel prize in economics for developing new economic models that help governments and central banks stabilize their economies to minimize the impact of external shocks.

The Royal Swedish Academy of Sciences awarded the prize in Stockholm on Monday. “The laureates have helped us smooth out the economy’s peaks and troughs,” the academy said in a statement, adding that their models have been “extremely helpful in dealing with the economic downturns that have Read More....