Business News This Week
Saragent and Sims share 2011 Nobel Economics Prize
Thomas Sargent and Christopher Sims won the 2011 Noble Economics Prize for their contribution in macro economic analysis.
Sargent and Sims did research on the government economic policies, their impact on the economy and variation in the interest rates.
According to the Royal Swedish Academy of Sciences, the two economists have developed methods to find out the impact of variation interest rates or a tax cut on the economy or the economic growth of a country.
Sargent has developed methods to study the changes in economic policy, which will help to study how households and firms adjust their expectations concurrently with economic developments.
Sims has developed a method -'vector auto-regression" to analyze how the economy is affected by temporary changes in economic policy and interest rate.
Thomas Sargent and Christopher Sims won the 2011 Noble Economics Prize for their contribution in macro economic analysis.
Sargent and Sims did research on the government economic policies, their impact on the economy and variation in the interest rates.
According to the Royal Swedish Academy of Sciences, the two economists have developed methods to find out the impact of variation interest rates or a tax cut on the economy or the economic growth of a country.
Sargent has developed methods to study the changes in economic policy, which will help to study how households and firms adjust their expectations concurrently with economic developments.
Sims has developed a method -'vector auto-regression" to analyze how the economy is affected by temporary changes in economic policy and interest rate. 
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