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2 American Professors Awarded Nobel in Economic Science

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Thomas Sargent and Christopher Sims, winners of the 2011 Nobel Prize in Economics

10/10/2011

Sargent's work has significance today because it shows the limits of monetary policy in the absence of other policies and actions, including fiscal policies. Monetary policy by lowering rates cannot work permanently to lower unemployment because at some point investors expect higher returns on their capital and people expect inflation.

Grouped Articles

Americans Sargent, Sims Win Nobel Economics Prize

Wall Street Journal 10/10/2011

2 American Professors Awarded Nobel in Economic Science

New York Times 10/10/2011

Alvin Roth and Lloyd Shapley Win Nobel in Economic Science

New York Times 10/15/2012


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