Americans Thomas Sargent and Christopher Sims win economics Nobel

Two Americans were awarded the Nobel prize in economics Monday for their work that helped explain some of the mysteries of how government policy affects the economy.

Thomas J. Sargent of Princeton University and Christopher A. Sims of New York University, both 68, were jointly awarded the $1.5 million prize for work that helped untangle the details of why economies respond the way they do to intervention by central banks or other government authorities.

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Eli Saslow 10 Oct, 2011


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