Thomson Reuters expert David Pendlebury might have an idea. At least one of the picks from his annual predictions of winners (economics, chemisty, and so on) has won a Nobel prize over the years. Here is his short-list for economics this year.* Alberto Alesina of Harvard University in Massachusetts for research on the relationship between politics and macroeconomics, especially politico-economic cycles.* Nobuhiro Kiyotaki of Princeton University and John Moore of Britain’s University of Edinburgh and the London School of Economics for their Kiyotaki-Moore model, which describes how small shocks to an economy may lead to a cycle of lower output. It described Japan’s real-estate crisis in the 1990s and could describe some of the causes of the recent U.S. recession.* Kevin Murphy of the University of Chicago for research in social economics, including wage inequality and labor demand, unemployment, and how medical research pays off.
Source: Reuters
posted @ 3:06 PM |