Joseph Stiglitz
2001 Nobel Laureate in Economics | University Professor, Columbia | Chief Economist, Roosevelt Institute | Former Chief Economist, World Bank
2026 Nobel Laureate in Economic Sciences | John Bates Clark Professor of Political Economy, Columbia University | Author of Interest and Prices
Michael Woodford is a 2026 Nobel Laureate in Economic Sciences and one of the world's foremost authorities on monetary policy. The John Bates Clark Professor of Political Economy at Columbia, he shared the prize with Robert E. Hall for grounding macroeconomic models in the real decisions of households and firms. His landmark book, Interest and Prices, became the foundation of the framework central banks use to steer inflation and employment.
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Economics speaker Michael Woodford is the 2026 Nobel Laureate in Economic Sciences and one of the world’s foremost authorities on monetary policy, the tools central banks use to manage inflation, employment, and economic stability. The John Bates Clark Professor of Political Economy at Columbia University, he was awarded the prize jointly with Robert E. Hall for showing how macroeconomic models can be grounded in the real expectations and decisions of households and firms.
Woodford is best known for building the theoretical foundations of modern monetary policy. His landmark book, Interest and Prices: Foundations of a Theory of Monetary Policy, became the defining text of the “New Keynesian” approach now used by central banks around the world. A central theme of his work is that stabilizing an economy is not simply a matter of pulling levers; it depends on how households, firms, and markets form expectations about the future, and on how clearly central banks communicate their intentions.
The 2026 prize recognized how Woodford and Hall rebuilt stabilization policy on solid microeconomic foundations, work that shapes the decisions of the world’s central banks. For his 2026 Nobel Prize in Economic Sciences and decades of pathbreaking research, Woodford has also received a MacArthur “Genius” Fellowship, the Deutsche Bank Prize in Financial Economics, and the Nemmers Prize in Economics. His current work explores how the limits of human reasoning, drawn from cognitive psychology and neuroscience, should reshape economic theory itself.
As a speaker, Michael Woodford brings rare clarity to the forces that shape inflation, interest rates, and economic stability, and to the thinking inside the world’s central banks. He speaks on monetary policy and how it really works, the role of expectations and communication in steering the economy, and what recent years of inflation and uncertainty reveal about the limits and the power of stabilization policy. Audiences gain an authoritative, lucid guide to the decisions that move markets and economies, from the economist who built much of the underlying theory.
Few people understand the machinery of monetary policy more deeply than Michael Woodford, whose work built much of its modern theory. In this keynote he takes audiences inside the world’s central banks: how they actually try to manage inflation, interest rates, and employment, why their decisions ripple through every market and business, and what the tools of monetary policy can and cannot do. An authoritative, genuinely illuminating guide to the forces that shape the economic environment.
A core insight of Michael Woodford’s Nobel-winning work is that stabilizing an economy is not just about actions, it is about expectations. In this fascinating keynote he explains why what people and markets believe about the future is as powerful as any policy lever, and why how central banks communicate has become one of their most important tools. Audiences come away with a sophisticated, memorable understanding of why words, credibility, and expectations move economies.
After years of inflation shocks and economic uncertainty, the questions at the heart of Michael Woodford’s work have never been more urgent. Drawing on the research that earned him the Nobel Prize, he examines what recent experience reveals about managing inflation and stabilizing economies, where policy succeeded, where it fell short, and how the thinking is evolving. A timely, authoritative keynote on the economic challenges that matter most to businesses, investors, and leaders today.
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