NOBEL LAUREATES ON US POLICY

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STORY: NOBEL LAUREATES ON US POLICYDATELINE: Oct. 11, 2011LENGTH: 0:02:36LOCATION: New YorkPKGIntroThe two Nobel winners for economics have shared their opinions on the uncertainty of U.S. fiscal policy.They also call for a more centralized fiscal system to ensure the eurozone's survival.PkgSTANDUP: ZHANG YINGAO, CNC CORRESPONDENT"Sargent and Sims, both 68, developed their research since 1970s and 1980s independently, the research is still high relevant with the world economy nowadays. More and more policy makers and central banks are seeking the way to keep their countries away from another recession."Two economic professors were awarded the 2011 Nobel prize for economics on Monday. They say U.S. fiscal policy is uncertain because policymaking partly depends on expectations. Christopher Sims agrees what the Federal Reserve Chairman Ben Bernake has done to stimulate the economy.SOUNDBITE(ENGLISH): CHRISTOPHER SIMS, NOBEL PRIZE WINNER IN ECONOMICS"My own view is that what we ought to
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Producer : Xinhua News Agency

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