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Stabilization Policy

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Nobel Economics Prize goes to Robert Hall and Michael Woodford for stabilization policy research

Robert E. Hall and Michael Woodford have been awarded the 2026 Sveriges Riksbank Prize in Economic Sciences for their work on stabilizing economies against damaging swings in inflation, growth and employment. The Nobel committee said their research built a new theoretical foundation now used by central banks and finance ministries worldwide, and the pair will share 12 million Swedish kronor (about $1.2 million).