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Monday, October 12, 2026
Two American economists have been awarded the 2026 Nobel Prize in Economics for research on stabilizing economic boom-and-bust cycles to reduce unemployment and inflation. Hall and Michael Woodford of Columbia University developed work that has given central banks and governments improved tools to manage economic shocks, including energy crises and shifts in consumer spending patterns. The Royal Swedish Academy of Sciences announced the award Monday in Stockholm. According to John Hassler, chair of the Committee for the Prize in Economic Sciences, their contributions have equipped policymakers to better respond to unexpected disruptions in the economy.
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