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The Nobel Prize lectures

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  • 12-12-2011 11:45pm
    #1
    andrew
    Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 3,368 Mod ✭✭✭✭


    Here is a video of the lectures given by Sims and Sargent as part of their receipt of the Nobel prize.

    https://www.youtube.com/watch?v=Cl0QYkez-BE


    Sargent speaks on on the formation of the US as a fiscal and monetary union. and Sims talks on statistics and economic modeling. Havn't watched all of it yet, but should be interesting. Sargent begins at 16:40


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    #2
    ciarafem
    Registered Users Posts: 91 ✭✭ciarafem


    I have watched that video - it's very interesting.


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    #3
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


    Thomas Sargent drew a fascinating comparison between US state bailout debates in the 1840s and balanced budget procedures and the European debt crisis of the present day.

    But one thing that I felt was a little glossed over is how bailouts have the potential to be a little more sophisticated than might have been envisioned in the early nineteenth century [The Blue Bond Proposal],and that fears about excessive risk taking following on from such bailouts, may be a little exaggerated.


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