{"id":373754,"date":"2026-10-13T15:49:55","date_gmt":"2026-10-13T10:19:55","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=373754"},"modified":"2026-10-13T15:49:55","modified_gmt":"2026-10-13T10:19:55","slug":"2026-nobel-prize-in-economics","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/2026-nobel-prize-in-economics\/","title":{"rendered":"2026 Nobel Prize in Economics"},"content":{"rendered":"<div class=\"content-box-green\">\n<p><strong>News: <\/strong>2026 Nobel Prize in Economics is being awarded to Robert E. Hall of Stanford University and Michael Woodford of Columbia University.<\/p>\n<\/div>\n<h2 class=\"red-h2-box\">About 2026 Nobel Prize in Economics<\/h2>\n<figure style=\"width: 447px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcQH7BKpX34KYttmY1a2mu2iXHxvOe3DpwzmoFVskB5ovw4KcSja9j6FanwS&amp;s=10\" alt=\"2026 Nobel Prize in Economics\" width=\"447\" height=\"447\" \/><figcaption class=\"wp-caption-text\">Source: DD India<\/figcaption><\/figure>\n<ul>\n<li style=\"text-align: justify;\"><strong>American-born economists Robert E. Hall and Michael Woodford<\/strong> won the 2026 Nobel Prize in Economics.<\/li>\n<li>They got prize for <strong>their work on the microeconomic foundations of macroeconomic stabilisation.<\/strong><\/li>\n<li><strong>Robert E. Hall<\/strong> is affiliated with<strong> Stanford University in California,<\/strong> and<strong> Michael Woodford with Columbia University in New York.<\/strong><\/li>\n<li><strong>About their work:<\/strong>\n<ul>\n<li><strong>Earlier economic models were based mainly on statistical relationships<\/strong> between factors such as inflation, production and consumption.\n<ul>\n<li>However, <strong>they developed models based on the decisions of individual households and businesses<\/strong> and<strong> how these decisions affect the overall economy.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li>Their macroeconomic models that have<strong> strengthened policymakers\u2019 ability to design effective stabilisation measures.<\/strong><\/li>\n<li>Their <strong>research helps governments and central banks time fiscal and monetary interventions to limit the impact of economic fluctuations.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 class=\"red-h2-box\">About Nobel Prize in Economics<\/h2>\n<ul>\n<li>It is formally known as the <strong>Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.<\/strong><\/li>\n<li><strong>Established by: <\/strong>It was established by<strong> Sweden&#8217;s central bank in 1968 a<\/strong>nd first awarded in <strong>1969.<\/strong><\/li>\n<li><strong>Awarded by:<\/strong> The award is <strong>announced by the Royal Swedish Academy of Sciences in Stockholm.<\/strong><\/li>\n<li><strong>Prize money:<\/strong> The prize money this year is<strong> 12 million Swedish kronor (about $1.2 million),<\/strong> whether<strong> for an individual, small group of laureates or organisation.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: 2026 Nobel Prize in Economics is being awarded to Robert E. Hall of Stanford University and Michael Woodford of Columbia University. About 2026 Nobel Prize in Economics American-born economists Robert E. Hall and Michael Woodford won the 2026 Nobel Prize in Economics. They got prize for their work on the microeconomic foundations of macroeconomic&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/2026-nobel-prize-in-economics\/\">Continue reading <span class=\"screen-reader-text\">2026 Nobel Prize in Economics<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,12039,7965],"tags":[11872,10498],"class_list":["post-373754","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-knolls","category-miscellaneous-daily-factly-articles","tag-9pm-daily-factly","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/373754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=373754"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/373754\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=373754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=373754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=373754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}