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Nobel prize for economics awarded to two Americans [View All]

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dipsydoodle

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Mon Oct-10-11 06:57 AM
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Nobel prize for economics awarded to two Americans

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Source: BBC News

American academics Thomas Sargent and Christopher Sims have won the 2011 Nobel economics prize.

The Royal Swedish Academy of Sciences cited "their empirical research on cause and effect in the macroeconomy".

They had studied how economic policy such as raising interest rates or cutting taxes affects macroeconomic variables such as GDP and inflation.

The award's official name is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Read more: http://www.bbc.co.uk/news/business-15241454

It had been expected to go to Greece. :rofl:

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