The Nobel in economic science was presented on Monday, October 10, to Thomas J. Sargent of New York University and Christopher A. Sims of Princeton University for their extraordinary work on the cause and effect of government policies on the broader economy, a crucial need for the countries affected with the recent financial crisis.
Dr. Sargent and Dr. Sims formulated statistical methods to prepare historical data and disentangle the many variables of macroeconomics and financial system.
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