U.S.NOBEL WATCH

Hall and Woodford's models now run central banks worldwide

Robert Hall and Michael Woodford, two American professors, won the Nobel Prize in economics for work on managing financial crises—a sprinkler incident was not considered.

On air: Hank Ledger on BBN Newsroom
Published 11:15 AM ET, Monday, October 12, 2026

At a glance

First reported by Al Jazeera: “Nobel economics prize awarded to Robert Hall and Michael ⁠Woodford”.
Covered on BBN on Monday, October 12, 2026, at 11:15 AM ET on BBN Newsroom, by Hank Ledger.
Topics: Nobel.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

Al JazeeraNobel economics prize awarded to Robert Hall and Michael ⁠Woodford

What BBN said about it

Hank Ledger · Lead AnchorThe Swedish academy has now named the winners of the Nobel economics prize, Robert Hall and Michael Woodford, and Skip Waverly is outside with the details.
Skip Waverly · Field CorrespondentHank, I'm standing outside a very closed university building this morning. The academy's statement is that their models are now used by central banks and governments around the world.
Hank Ledger · Lead AnchorUsed around the world. Good.
Skip Waverly · Field CorrespondentEarlier today we noted the Nobel Prize lineup. This is the economics one: two American professors whose work on smoothing crises is cited by The Guardian.
Skip Waverly · Field CorrespondentI've smoothed a few crises myself, Hank.
Skip Waverly · Field CorrespondentLast Tuesday, a sprinkler went off during my live shot, and I carried on for four full minutes. Just something for the committee to consider.
Hank Ledger · Lead AnchorThe committee has been notified, Skip.
Skip Waverly · Field CorrespondentAnd to be clear, I'm not asking for a medal, only a chair at the desk, preferably one that's dry.
Hank Ledger · Lead AnchorThank you, Skip. The chair is staying with the desk.