Lars Hansen on the Sargent and Sims Nobel Prize

The University of Chicago faculty congratulate our former colleague Tom Sargent and our good friend Chris Sims for their well-deserved Nobel Prize “for their empirical research on cause and effect in the macroeconomy”. Nobody is better positioned than Lars Hansen to explain the basis for the award and its significance. Lars has published 3 books and more than 25 articles with Tom, who was also a member of Lars’ PhD committee; Chris was the chair of the committee. Here is a brief introduction by Lars to their work. A longer article by Lars will appear here later in the week.

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