Two Americans win 2026 Nobel Prize in Economics for stabilisation models

Africanews (in English)

Two Americans win 2026 Nobel Prize in Economics for stabilisation models  Americans Robert Hall and Michael Woodford won the Nobel economics prize Monday for their work on how monetary and fiscal policy can better stabilise disruptive economic fluctuations.  READ MORE : http://www.africanews.com/2026/10/12/two-americans-win-2026-nobel-prize-in-economics-for-stabilisation-models  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

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00:00American economists Robert Hall and Michael Woodford won the Nobel Prize in Economics

00:05on Monday for their work on how monetary and fiscal policy can better stabilise disruptive

00:10economic fluctuations.

00:12The two were honoured for developing new models for handling recessions and other crises that

00:17failed to respond to traditional tools.

00:20The Nobel Committee said their research has made it possible to manage major macroeconomic

00:25crises far more effectively than before.

00:27The body said this work has been beneficial during the COVID-19 pandemic and recent energy

00:33shocks.

00:34Reacting to the news, Michael Woodford said receiving the prize was a tremendous honour

00:38and a surprise.

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