The Nobel committee recognized the two professors for their work in showing how policy decisions can affect the health of economies.
诺贝尔委员会认为这两名教授的研究展示了经济政策如何影响经济健康发展。
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Professor Sargent studied periods of high inflation in several European countries in the nineteen hundreds. His work suggested that it was important for governments and central banks to keep inflation low and interest rates stable.
萨金特教授研究了20世纪90年代几个欧洲国家高通胀的一些时期,研究表明,保持低通胀和利率稳定对政府和央行至关重要。