Thursday, October 7, 2010

Why I look forward to the 11th of this Month.

  • The next episode of Castle (season 3) will be aired!
  • The next episode of Himym (season 6) will be aired too (yes, i am indeed pathetic)
  • The Nobel Prize for Economics 2010 will be announced. Although this does not directly impact my existence in the least. It will give me an excuse (possibly also an order from my editor) to read up on the lucky bug and his/her work. Below are this year's probables, as listed by Reuters:
  • Alberto Alesina
    Nathaniel Ropes Professor of Political Economics, Department of Economics, Harvard University, Cambridge, MA USA
    Why: for theoretical and empirical studies on the relationship between politics and macroeconomics, and specifically for research on politico-economic cycle


  • Nobuhiro Kiyotaki
    Professor of Economics, Department of Economics, Princeton University, Princeton NJ USA
    Why: for formulation of the Kiyotaki-Moore model, which describes how small shocks to an economy may lead to a cycle of lower output resulting from a decline in collateral values that creates a restrictive credit environment


  • John H. Moore
    George Watson’s and Daniel Stewart’s Professor of Political Economics, University of Edinburgh, Edinburgh, Scotland, and Professor of Economics, Department of Economics, London School of Economics, London, England
    Why: for formulation of the Kiyotaki-Moore model, which describes how small shocks to an economy may lead to a cycle of lower output resulting from a decline in collateral values that creates a restrictive credit environment


  • Kevin M. Murphy
    George J. Stigler Distinguished Service Professor of Economics, University of Chicago Booth School of Business, Chicago, IL USA, and Senior Fellow, Hoover Institution, Stanford CA USA
    Why: for pioneering empirical research in social economics, including wage inequality and labor demand, unemployment, addiction, and the economic return of investment in medical research, among other topics





  •         Thomson Reuters has also released a pending list and each one could get as well:

    •2002-2005: Robert J. Barro; Eugene F. Fama and Kenneth R. French; Paul Michael Romer; Richard H. Thaler
    •2006: Jagdish N. Bhagwati and Avinash K. Dixit; Dale W. Jorgenson; Oliver D. Hart and Bengt R. Holmstrom
    •2007: Elhanan Helpman and Gene M. Grossman; Jean Tirole; Robert B. Wilson and Paul R. Milgrom
    •2008: Lars P. Hansen and Thomas J. Sargent, and Christopher A. Sims; Martin S. Feldstein; Armen A. Alchian and Harold Demsetz
    •2009: Ernst Fehr and Matthew J. Rabin; William D. Nordhaus and Martin L. Weitzman; John B. Taylor and Jordi Gali and Mark L. Gertler

    Simply stated- I wouldn't place a bet. The committee is just a little eccentric.