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Economists Robert Hall PhD ’67 and Michael Woodford PhD ’83 share Nobel Prize

Stanford professor Robert Hall and Columbia professor Michael Woodford have been awarded the prestigious Nobel Prize in Economic Sciences for their groundbreaking contributions to macroeconomics. Dr. Hall, who earned his PhD from the university in 1967, and Dr. Woodford, a 1983 doctoral alumnus, were jointly recognized for their seminal research that transformed how economists understand economic fluctuations and monetary policy. Their theoretical and empirical frameworks have deeply influenced modern central banking and government responses to financial crises. This historic win highlights the enduring academic excellence and global impact of the university’s doctoral economics program.