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American duo wins Economics Nobel; more interesting facts
The Sveriges Riksbank Prize in Economic Sciences has been awarded jointly to Thomas J Sargent and Christopher A Sims "for their impirical research on cause and effect in the macroeconomy".......
Why it's time to challenge the math on inflation targeting
Inflation targeting framework is now enshrined as a formal agreement by the government and the RBI; thus, it may seem that we are flogging a dead horse, says Soumya Kanti Ghosh. The global......
How economics lost sight of real world
The past two years have not enhanced the reputation of economists. Mostly they failed to point out fundamental weaknesses of financial markets and did not foresee the crisis, and now they disagree......
Jagdish Bhagwati in race for Economics Nobel
The theories of how countries maintain global trade, why natural rates of unemployment are driven by economic necessity and even "Ricardian equivalence," which dictates that governments cannot......
Thomas J. Sargent
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