Two Americans win Nobel Prize in Economics for work on boom-bust cycles

October 12, 2026
U.S. economists Robert E. Hall and Michael Woodford are announced as the winners of the 2026 Nobel prize in economics at the Royal Swedish Academy of Sciences in Stockholm on Monday.

Two Americans have won the Nobel Prize in Economics for their work on how to smooth boom-and-bust cycles to limit unemployment and inflation.

(Image credit: JONATHAN NACKSTRAND/AFP via Getty Images)



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