Tuesday, October 11, 2011

Two Americans Win Nobel Prize

The two Americans, Thomas Sargent and Christopher Sims, won the Nobel Prize in economics. They presented research on cause and effect in the macroeconomy. Mr. Sims said the Fed and other central banks can't resolve the current economic crisis alone. Their work must be supported by fiscal policy, which is controlled by the president and Congress. Economists Win Nobel for Focus on Real World

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