Sargent and Sims Won Nobel Prize of Economy

Christopher A. Sims and Thomas J. Sargent

This Monday the Nobel Prize of Economy 2011 was awarded to the United States economists Thomas J. Sargent and Christopher A. Sims for their work to identify the relations that cause-effect in macro-economy and explaining the process.

Its work started in the early decades of 1970 and in 1980, now their methods are essentials tools used to make macro-economic analysis for investigators and politicians.

With the announcement of the Economy award the round of Nobel winners is closed and it will be delivered on December 10in a double ceremony made in Stockholm, Sweden and in Oslo, Norway. (AV)