Thomas J. Sargent and Christopher A. Sims were named this morning as winners of the 2011 Nobel Memorial Prize in Economics. There were honored "for their empirical research on cause and effect in the macroeconomy."
Sargent is the William R. Berkley Professor of Economics and Business at New York University. Sims is the Harold H. Helm '20 Professor of Economics and Banking at Princeton University.
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