Christopher Sims and Thomas Sargent have no simple solutions to the global economic crisis. But the work that won them the Nobel Prize in economics is guiding central bankers and policymakers in their search for answers.The two Americans, both 68, were honored for their research in the 1970s and '80s on the cause-and-effect relationship between the economy and government policy.
October 12, 2011 at 12:00 AM
1 minute read
Christopher Sims and Thomas Sargent have no simple solutions to the global economic crisis. But the work that won them the Nobel Prize in economics is guiding central bankers and policymakers in their search for answers.
The two Americans, both 68, were honored for their research in the 1970s and ’80s on the cause-and-effect relationship between the economy and government policy.
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