{"data":{"id":2504,"lang":"en","title":"Nobel Economics Prize 2026 Goes to Robert Hall and Michael Woodford for Work on Economic Stabilization","summary":"Robert Hall (Stanford) and Michael Woodford (Columbia) win the 2026 economics prize for models that help governments and central banks manage economic shocks.","category":"business","category_label":"Business","published_at":"2026-10-12T14:00:54Z","updated_at":"2026-10-12T14:00:54Z","url":"https://techtools.cz/tools/news/article/2504-nobel-economics-prize-2026-goes-to-robert-hall-and-michael-woodford-for-work-on","api_url":"https://techtools.cz/news-api/v1/articles/2504?lang=en","markdown_url":"https://techtools.cz/news-api/v1/articles/2504.md?lang=en","image_url":"https://media-cldnry.s-nbcnews.com/image/upload/t_fit-560w,f_avif,q_auto:best/rockcms/2026-10/261012-nobel-economics-mb-1102-e4feef.jpg","word_count":135,"reading_time_minutes":1,"sources":[{"url":"https://www.nbcnews.com/world/europe/americans-hall-woodford-win-2026-nobel-economics-prize-rcna602928","domain":"nbcnews.com"},{"url":"https://www.npr.org/2026/10/12/nx-s1-5996634/last-nobel-prize-of-the-year-to-be-announced-for-economics","domain":"npr.org"}],"translation":{"lang":"cs","id":2578,"title":"Cenu za ekonomii 2026 získali Robert Hall a Michael Woodford za práci o stabilizaci ekonomiky","url":"https://techtools.cz/tools/news/clanek/2578-cenu-za-ekonomii-2026-ziskali-robert-hall-a-michael-woodford-za-praci-o","api_url":"https://techtools.cz/news-api/v1/articles/2578?lang=cs"},"content":"The Royal Swedish Academy of Sciences awarded the 2026 Prize in Economic Sciences to Americans Robert E. Hall of Stanford University and Michael Woodford of Columbia University. The prize, announced in Stockholm on October 12, honors them \"for microeconomic foundations of macroeconomic stabilization.\"\n\nTheir work explains how decisions by households and firms on spending and pricing shape the economy, forming the basis of the \"New Keynesian\" approach. Committee chair John Hassler said it gives a stable theoretical foundation for models now used by central banks and governments worldwide.\n\nThe prize totals 12 million Swedish kronor, about $1.2 million, or 6 million each. Woodford called the award a surprise and a great honor. It is the last of the 2026 prizes; formally it is not a Nobel Prize but is presented alongside them on December 10."}}