Posts Tagged ‘Nobel Prize in Economics’
Nobel Winners
In an odd choice, the Royal Swedish Academy awarded the Nobel Prize in economics to Eugene Fama, whose life’s work shows that markets are rational in the short run, to Robert Shiller, who says that markets are often irrational over long periods, and to Peter Hansen, who developed a statistical approach to study asset prices,…
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The Nobel Prize in economics was awarded to Tom Sargent at NYU and Chris Sims at Princeton. Sargent’s work has helped us understand the impact of permanent changes in economic policy. Sim’s research has helped us measure the effect of temporary changes, or shocks, on the economy. Sims said he was going to keep his…
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