Nobel economics prize goes to Robert E. Hall and Michael Woodford for microfoundations of macro stabilization
AnnaCiaunica · x · 2026-10-12
The 2026 Sveriges Riksbank Prize in Economic Sciences is awarded to Robert E. Hall and Michael Woodford "for microeconomic foundations of macroeconomic stabilisation." Unlike traditional Keynesian models built on statistical macro relationships, New Keynesian models rest on microfoundations — decisions by individuals and firms — allowing micro-level reasoning to deliver macro-level insights.
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