Thomas J. Sargent

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Thomas J. Sargent

Thomas John "Tom" Sargent (born July 19 1943) is an American

United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
economist

Economist

An economist is an expert in the social science of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy....
specializing in the fields of macroeconomics

Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
, monetary economics and time series

Time series

In statistics, signal processing, and many other fields, a time series is a sequence of data points, measured typically at successive times, spaced at time intervals....
econometrics. He is known as "one of the leaders of the rational expectations

Rational expectations

Rational expectations is an assumption used in many contemporary Model , and also in other areas of contemporary economics and game theory and in other applications of rational choice theory....
revolution" and the author of numerous path-breaking papers. Working with Neil Wallace, Sargent developed the saddle path stability characterization of the rational expectations equilibrium and also produced the Policy Ineffectiveness Proposition

Policy Ineffectiveness Proposition

The Policy Ineffectiveness Proposition is a new classical theory proposed in 1976 by Thomas J. Sargent and Neil Wallace based upon the theory of rational expectations....
.

Sargent earned his B.A.

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Encyclopedia

Thomas John "Tom" Sargent (born July 19 1943) is an American

United States

Economist

Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
, monetary economics and time series

Time series

Rational expectations

Policy Ineffectiveness Proposition

University of California, Berkeley

The University of California, Berkeley is a public university research university located in Berkeley, California, California, United States. The oldest of the ten major campuses affiliated with the University of California, Berkeley offers some 300 undergraduate and graduate degree programs in a wide range of disciplines....
in 1964, being the University Medalist as Most Distinguished Scholar in Class of 1964, and his Ph.D.

Ph.D.

Ph.D. or PHD may stand for:* Doctor of Philosophy, an academic degree* Ph.D. , a 1980s British group* Piled Higher and Deeper, a web comic strip...
from Harvard

Harvard University

Harvard University is a private university in Cambridge, Massachusetts, Massachusetts, United States, and a member of the Ivy League. Founded in 1636 by the colonial Massachusetts legislature, Harvard is the Colonial Colleges institution of higher learning in the United States....
in 1968. He held teaching positions at the University of Pennsylvania

University of Pennsylvania

The University of Pennsylvania is a private research university located in Philadelphia, Pennsylvania, United States. Penn is America's first university and is the fourth-oldest institution of higher education in the United States....
(1970-1971), University of Minnesota

University of Minnesota

The University of Minnesota, Twin Cities is a public university research university located in Minneapolis and St. Paul, Minnesota, Minnesota, United States....
(1971-1987), University of Chicago

University of Chicago

The University of Chicago is a private university located principally in the Hyde Park, Chicago neighborhood of Chicago. Although an older university by the same name existed prior to its founding, the modern University of Chicago credits its founding to the oil magnate John D....
(1991-1998), Stanford University

Stanford University

Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private university research university located in Stanford, California, California, United States....
(1998-2002), and is currently the Berkley Professor of Economics and Business at New York University

New York University

New York University is a private university, nonsectarian, research university in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan....
. He is a Fellow of the Econometric Society

Econometric Society

The Econometric Society, an International Society for the Advancement of Economic Theory in its Relation with Statistics and Mathematics was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
since 1976 and, since 1987, a Senior Fellow of the Hoover Institution

Hoover Institution

The Hoover Institution on War, Revolution and Peace is a public policy think tank and library founded in 1919 by future U.S. president Herbert Hoover....
at Stanford University.

Selected Publications

- - Sargent, Thomas J. (1983). “The Ends of Four Big Inflations” in: Inflation: Causes and Effects, ed. by Robert E. Hall, University of Chicago Press, for the NBER, 1983, p. 41–97.**

Thomas J. Sargent

Selected Publications

External links