The winners of the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, Robert E Hall (L) and Michael Woodford, are displayed on a screen at the Royal Swedish Academy of Sciences in Stockholm on October 12, 2026. American economists Robert Hall and Michael Woodford were awarded the Nobel economics prize for their work into how monetary and fiscal policy can help stabilise fluctuations in the economy. The two were recognised "for microeconomic foundations of macroeconomic stabilisation", the jury at the Royal Swedish Academy of Sciences said. (Photo by Anders WIKLUND / TT NEWS AGENCY / AFP via Getty Images) / Sweden OUT