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MIT alumni Robert Hall PhD ’67 and Michael Woodford PhD ’83 have been awarded the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Robert E. Hall and Michael Woodford lauded for their work on the microeconomic foundations of macroeconomic fluctuations.
The U.S. economists were awarded for work that underpins the models used by central banks and governments to stabilize the economy.