Nobel Prize Announcement

The new Nobel prize winners in economics are Thomas Sargent and Christopher Sims for work in macroeconomics. An article from the WSJ is here. Sims' work is primarily econometric as he helped develop and popularize Vector Auto Regression. Sargent's work links monetary policy and fiscal policy. He helped build the reputation of the University of Minnesota's economics department. The Nobel site will have further explanations of the work of both men that should be of interest.