How important is the money in your pocket? Try buying a sandwich with an IOU and a promise to come back and pay, and you’ll soon understand. Christopher Sims’ research explores topics from the meaning of money to his Prize-awarded work on cause and effect in the macroeconomy. In a conversation with The Nobel Prize’s Adam Smith, Sims touches on sandwich shops, terrific teachers and a horse with a name that’s almost impossible to pronounce. 

In 2011, Christopher Sims and fellow economist Thomas Sargent were awarded the Prize in economic sciences for developing methods that help define 'what caused what' in economics. 

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