University of Minnesota to confer an honorary degree on Christopher Sims
Public lecture and degree conferral on Thursday, Sept. 26
Media Note: Media is invited to attend and film the public lecture and degree conferral. For interviews with Sims, please contact Emily Jacobs.
MINNEAPOLIS / ST. PAUL (09/25/2013) —The University of Minnesota will confer an honorary degree on Nobel Prize-winning economist and longtime U of M faculty member Christopher Sims on Thursday, Sept. 26 at 3 p.m. at Cowles Auditorium, Humphrey School of Public Affairs, 301 19th Avenue S., Minneapolis.
Sims, currently the John F. Sherrerd '52 University Professor of Economics at Princeton University, will present a lecture on inflation and public debt at 3 p.m., followed by the honorary degree ceremony and a dessert reception.
The event is free and open to the public; please register to attend at http://hhei.umn.edu/rsvp.
Together with Thomas Sargent, another former U of M economics professor, Sims received the 2011 Nobel Prize in Economic Sciences. The duo’s "empirical research on cause and effect in the macroeconomy," cited by the Nobel committee, and development of the rational expectations model was largely done while they were faculty members in the U’s Department of Economics. Rational expectations found that since consumers and investors adjust their behaviors whenever the government shifts policies, these policies rarely have their intended effect.
“Sims embodies the way economics is done at Minnesota, both in its academic rigor and its relevance to public policy solutions,” said VV Chari, director of the Heller-Hurwicz Economics Institute. “He is a giant in the field of macroeconomics and his influence on our Economics department will be long-lasting.”
For interviews with Sims, please contact Emily Jacobs.