In the Media

Robert Hall PhD ’67 and Michael Woodford PhD ’83 have won the 2026 Nobel economics prize for their work “developing models that help central bankers and finance ministers to stabilize their countries, avoiding long recessions and runaway inflation,” writes reporter Graeme Wearden for The Guardian. “The laureates’ work has provided us with a stable theoretical foundation for the models that are now used by central banks and governments around the world,” says John Hassler, chair of the Nobel Committee. “With them, we are better equipped to deal with shocks in the economy, such as energy crises or sudden changes in how much households consume.”