Thomas Sargent and Christopher Sims: The Nobel Prize Winner in Economic Sciences

The Nobel Prize 2011 Winner: Thomas Sargent and Christopher Sims: The Sveriges Riksbank Prize in Economic Sciences

The Nobel Prize is a Sweden award for achievements in physics, chemistry, physiology or medicine, literature and for peace. It was established by Alfred Nobel and administered by the Noble Foundation in Stockholm, Sweden. In 1968, Sveriges Riksbank established The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize.

Prizes are awarded every year in five categories since 1901. Each prize consists of a medal, personal diploma and a cash award. In 2011, each prize was worth 1.45 million US $. A prize may not be shared among more than three people.The Nobel Prize amount for 2011 is set at Swedish kronor (SEK) 10 million per full Nobel Prize.

The Nobel Prize in Economic Sciences:

Americans Thomas Sargent and Christopher Sims was awarded jointly for the Sveriges Riksbank Prize in Economics Sciences in Memory of Alfred Bobel for their empirical research on cause and effect in the macro economy.

Thomas J. Sargent:

NAME	Thomas J. Sargent
BORN	July 19, 1943
AGE	68 years
NATIONALITY	American
EXPERTISE	Macroeconomics, Monetary Economics, Time Series Economics
ACADEMIC BACKGROUND
	Ph.D from Harvard University in 1968
	B.A. from California University in 1964 at Berkeley
	a First Lieutenant and Captain in the U.S. Army
AFFILIATION	Hoover Institution on War Revolution & Peace Stanford University (Stanford, California)
	National Bureau of Economics Research (Cambridge, Massachusetts)
	Department of Economics New York University (New York)
BOOKS	Rational Expectations and Econometric Practice (with Robert E. Lucas Jr., University of Minnesota Press, 1981)
	The Big Problem of Small Change (with Francois Velde, Princeton University Press, 2002)
	Recursive Macroeconomic Theory (with Lars Ljungqvist, MIT Press, 2004)
	Robustness (with Lars Peter Hansen, Princeton University Press, 2008)
AWARDS & HONORS	University Medalist as Most Distinguished Scholar in Class of 1964, University of California-Berkeley
	(1976) Fellow of Econometrics Society
	(1979) Mary Elizabeth Morgan Prize for Excellence in Economics, awarded by University of Chicago
	(1983 April) Fellow of National Academy of Sciences
	(1983 May) Fellow of American Academy of Arts and Sciences
	(1996-97) Erwin Plein Nemmers Prize in Economics from Northwestern University
	(2003) honorary doctorate, Stockholm School of Economics
	(2008) honorary doctorate in economics, European University Institute
	(2011) Corresponding Fellow, British Academy
	(2011) National Academy of Sciences Award for Scientific Reviewing
	(2011) CME Group-MSRI Prize in Innovative Quantitative Applications
	Nobel Memorial Prize in Economic Sciences 2011
PRIZE MOTIVATION	"for their empirical research on cause and effect in the macro economy"
Email	thomas.sargent@nyu.edu
POSTAL ADDRESS	Thomas Sargent Hoover Institution, Stanford, California-94305
PHONE	650 723 0965

Christopher Sims:

NAME	Christopher Albert "Chris" Sims
BORN	October 21, 1942
AGE	68 years
NATIONALITY	American
EXPERTISE	Macroeconomics, Econometrics
CONTRIBUTION	Vector Auto regression
ACADEMIC BACKGROUND	Ph.D. from Harvard University in 1968
AFFILIATION	Princeton University, Princeton, NJ, USA
AWARDS & HONORS	American Academy of Arts and Sciences since 1988
	a member of the National Academy of Sciences since 1989
	the president of the Econometric Society in 1995
	He will be the President-Elect of the American Economic Association in 2011 and then the President of the American Economic Association in 2012.
	Nobel Memorial Prize in Economic Sciences 2011
PRIZE MOTIVATION	"for their empirical research on cause and effect in the macro economy"

Credit & Sources: Google,nobelprize.org,wikipedia Thanks to all