Robert Hall and Michael Woodford awarded Nobel Prize in Economics
Honoured for work on the relationship between micro and macroeconomics
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
5 November 2026, 10:57 am · 1 min read
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Robert Hall and Michael Woodford have been honoured with the Nobel Prize in Economics. According to a report by Business Standard, they have done significant work in linking microeconomic behaviour with macroeconomic stability.
Their work provides deep insights into how monetary and fiscal policies shape the economy and people's lives.
The Nobel Memorial Prize in Economic Sciences is an award administered by the Nobel Foundation. This award was established in 1968 by Sweden's central bank, Sveriges Riksbank. The award was created in memory of Alfred Nobel and to celebrate the 300th anniversary of the bank.
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