Nobel prize for economics awarded to two Americans, Hall and Woodford, for work on New Keynesian models – as it happened
News Source
•Mon, 12 Oct 2026 14:17:27 GMT
📰 What Happened
The Guardian ran a live blog covering the 2026 Nobel economics prize being awarded to Robert Hall and Michael Woodford. The pair were honoured for developing the 'microeconomic foundations of macroeconomic stabilisation'. The blog tracked reaction from economists, explained their work and noted that only three women have ever won the prize. Other stories that day included UK inflation pressures hitting a three-year high, a GBP 35bn budget shortfall warning and an EU cap on Chinese hybrid car imports.
🔍 The Backstory
Live blogs have become a common way for news outlets to cover fast-moving events. During a major award or sports event, reporters post updates, quotes and background throughout the day. This format lets readers follow along in real time and dip in and out. The Guardian uses the same approach for budgets, elections and other big moments. The blog also mixed in market news, showing how interlinked the day's economic stories are.
🎯 Why It Matters
Live blogs let people follow big news as it happens and give quick context for complicated topics like economics.
The Guardian ran a live blog covering the 2026 Nobel economics prize being awarded to Robert Hall and Michael Woodford. The pair were honoured for developing the 'microeconomic foundations of macroeconomic stabilisation'. The blog tracked reaction from economists, explained their work and noted that only three women have ever won the prize. Other stories that day included UK inflation pressures hitting a three-year high, a GBP 35bn budget shortfall warning and an EU cap on Chinese hybrid car imports.
Live blogs have become a common way for news outlets to cover fast-moving events. During a major award or sports event, reporters post updates, quotes and background throughout the day. This format lets readers follow along in real time and dip in and out. The Guardian uses the same approach for budgets, elections and other big moments. The blog also mixed in market news, showing how interlinked the day's economic stories are.
Live blogs let people follow big news as it happens and give quick context for complicated topics like economics.