Princeton economist Christopher Sims wins Nobel Prize in economics

Christopher Sims

Christopher Sims

Princeton professor Christopher Sims was awarded the 2011 Nobel Prize in economics along with Thomas Sargent, a New York University economist and a visiting professor at Princeton at the time, for developing tools to analyze the effect of monetary policy on the economy. Sims, the John F. Sherrerd ’52 University Professor of Economics, has been a faculty member at Princeton since 1999. Sims and Sargent were honored for their work in answering “questions regarding the causal relationship between economic policy and different macroeconomic variables such as GDP (gross domestic product), inflation, employment and investments,” the Royal Swedish Academy of Sciences noted in announcing the award.