Christopher A. Sims
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2011
Born: 21 October 1942, Washington, D.C., USA
Affiliation at the time of the award: Princeton University, Princeton, NJ, USA
Prize motivation: “for their empirical research on cause and effect in the macroeconomy”
Prize share: 1/2
Christopher A. Sims was born in Washington, DC in the United States. After studying at Harvard University, he received his PhD there in 1968. Sims has also worked at the University of Minnesota and Yale University. He has held a professorship at Princeton University since 1999.
How is the economy affected by unexpected events and changes in economic policy? What effects do interest rate hikes and tax reductions have on the production of good and services, unemployment, inflation and investment? Christopher Sims has developed methods for examining the relationship between policy and economics. For example, he has developed a method for analysing how the economy is affected by increases in the price of oil and how the key interest rates of central banks affect inflation and economic growth.