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Jana KRYSKOVA
Marcel FILIP
Faculty of Economics and Administration, Masaryk University,
Br
November 2011
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established in 1968
proper name The SverigesRiksbank Prize in Economic
Sciences in Memory of AlfredNobel
awarded by Royal SwedishAcademy of Sciences, Stockholm,SE
the firstNobel prize in economicsciences awarded in 1969 to
Ragnar Frisch andJan Tinbergen 2
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the latest prize awarded jointly toThomas J.
SargentandChristopher A. Sims
prize motivation "for theirempirical research on cause andeffect
in the macroeconomy
Sargent (aged 68) is a professor ineconomics at New York
University,Sims (68) is a professor in economicsand banking at
Princeton
University 3
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both belongs to the school of rationalexpectations
they have many critics, i.e.Joseph StiglitzorPaul Krugman,
earlier Prize winners
Prize awarded for their independent empirical
research in macroeconomics during 70s and80s
methods developed by them are now maintools of macroeconomic
analysis
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Sims deals especially with econometrics he upgraded some old
economic models;
added the rational expectations the result was so-called
auto-regression
model the model can make better estimations about
government policy impacts, i.e. changes ininterest rates or
public expenditures
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one of the leading representative oftheschool of rational
expectations
longtime research on inflation and impact of
government policy on it he says that theory is more about
modelling
of human reactions on economic policychanges than ideology
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laureates jointly awarded by 10million SEK(more than 27
millionsCZK/1 million )
Elinor Ostrom (78) was first womanawarded in 2009
almost 75% of laureates areAmericans (or US based
economists)
the institution with the most laureatesis University of Chicago
(26)
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www.nobelprize.org
Nobelovka pro ekonomick disidenty,
EKONOM no. 41, 13/10/2011
8
Thank you for yourattention.
http://www.nobelprize.org/http://www.nobelprize.org/
