Portraits of laureates US economists Robert E Hall (L) and Michael Woodford are seen on a small screen following the announcement of the winners of the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 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 on October 12 for their work into how monetary and fiscal policy can help stabilise fluctuations in the economy. (Photo by Jonathan Nackstrand / AFP via Getty Images)