IDEAS home Printed from https://ideas.repec.org/p/ris/nobelp/2011_001.html
   My bibliography  Save this paper

Thomas J. Sargent and Christopher A Sims: The art of distinguishing between cause and effect in the macroeconomy

Author

Listed:
  • Committee, Nobel Prize

    (Nobel Prize Committee)

Abstract

How are GDP and inflation affected by a temporary increase in the interest rate or a tax cut? What happens if a central bank makes a permanent change in its inflation target or a government modifies its objective for budgetary balance? This year’s Laureates in economic sciences, Thomas J. Sargent and Christopher A. Sims, have developed methods for answering these and many other questions regarding the causal relationship between economic policy and different macroeconomic variables such as GDP, inflation, employment and investments.

Suggested Citation

  • Committee, Nobel Prize, 2011. "Thomas J. Sargent and Christopher A Sims: The art of distinguishing between cause and effect in the macroeconomy," Nobel Prize in Economics documents 2011-1, Nobel Prize Committee.
    • Handle: RePEc:ris:nobelp:2011_001
    as

    Download full text from publisher

    File URL: http://www.nobelprize.org/nobel_prizes/economics/laureates/2011/popular-economicsciences2011.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Causation; macroeconomics;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:nobelp:2011_001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RePEc Team (email available below). General contact details of provider: http://www.nobelprize.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.