Two Princeton professors win Nobel Prize for economics

    Princeton has two times the Nobel Prize winner after it was announced today Professors Christopher Sims and Thomas Sargent have won the prize for economics.

    The pair conducted independent research in the ’70s and ’80s looking at the cause-and-effect relationship between the economy and policy instruments.

     

    Sims is a professor at Princeton University and Sargent is an NYU professor visiting Princeton, according to the Associated Press and NJ.com, and they’ll share the $1.5 million award.

    Their research looks at temporary and permanent changes to economy policy and that relationship with the state of the economy.

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