On October 12, 2026, the Royal Swedish Academy of Sciences announced the laureates of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The announcement marked the conclusion of the 2026 Nobel Prize season. The Academy’s statement noted that the prize, first instituted in 1968 by Sweden’s central bank, carries a cash award of twelve million Swedish kronor, to be shared equally between the recipients.
The Academy identified the winners as Robert E. Hall and Michael Woodford, both economists based in the United States. They were recognized for their significant contributions to understanding macroeconomic stabilization and the microeconomic foundations that drive it, specifically how individual consumption and corporate decisions impact the broader economy.
The total purse for the prize stands at twelve million Swedish kronor, to be divided equally between the recipients. The Academy also provided an approximate conversion, noting that the sum corresponds to about 1.2 million United States dollars at prevailing exchange rates.
The total purse for the prize stands at twelve million Swedish kronor, to be divided equally between the recipients.