Americans Sargent, Sims win Nobel economics prize

October 10, 2011 at 1:48 am in Grand Forks Herald

Americans Thomas Sargent and Christopher Sims won the Nobel economics prize today for research that sheds light on the cause-and-effect relationship between the economy and policy instruments such as interest rates and government spending – research carried out independently in the 1970s and ’80s but highly relevant today.
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