Nobel in economics for studies of policy, effects Read more: http://www.sfgate.com/cgi-bin/article.

Source: sfgate.com Posted By: Jacky S...4822 days ago

The Nobel Memorial Prize in Economic Sciences was awarded Monday to Thomas Sargent of New York University and Christopher Sims of Princeton University for their research looking at the cause-and-effect relationship between economic policy and the broader economy.

Their work uses statistical analysis to determine whether a policy change that happened in the past affected the economy or whether it was made in anticipation of events that policymakers thought would happen later. This research has....

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