Nobel Prize 2011
Princeton's Sims wins Nobel in economics with visiting professor Sargent
Princeton University professor Christopher Sims has been awarded the 2011 Nobel Prize in economics along with Thomas Sargent, a New York University economist who is a visiting professor at Princeton, for developing tools to analyze the effect of monetary policy on the economy.
Sims, who is Princeton's Harold H. Helm '20 Professor of Economics and Banking, has been a faculty member at Princeton since 1999.
Sims and Sargent were honored with the Nobel Memorial Prize in Economic Sciences for their work in answering "questions regarding the causal relationship between economic policy and different macroeconomic variables such as GDP (gross domestic product), inflation, employment and investments," the Royal Swedish Academy of Sciences noted in announcing the award today.
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