Thomas J. Sargent, winner of the 2011 Nobel Prize in Economic Sciences, is a recognized leader in the field of macroeconomics working on monetary and fiscal economics and applied time series analysis. He shared the Nobel Prize with Princeton's Christopher Sims for “empirical research on cause and effect in the macroeconomy.”
His most recent papers document government policies and microeconomic risks that have contributed to persistently high European unemployment, propose ways to improve accounting for US federal interest payments on government debt, and interpret apparent instabilities in manifestations of the quantity theory of money.
Sargent holds a joint appointment at the New York University’s College of Arts and Sciences and its Stern School of Business. He previously held named chairs at the University of Chicago and Stanford University. Professor Sargent was a professor of economics at the University of Minnesota from 1975 to 1987, the David Rockefeller Professor at the University of Chicago from 1992 to 1998 and the Donald Lucas Professor of Economics at Stanford University from 1998 to 2002. He is a senior fellow at the Hoover Institution and a member of both the National Academy of Sciences and the American Academy of Arts and Sciences.
He is past president of the Econometric Society and the American Economic Association. He received a BA from the University of California, Berkeley, as well as a PhD from Harvard University.
Among his books are Rational Expectations and Econometric Practice, with Robert E. Lucas Jr., University of Minnesota Press, 1981; The Big Problem of Small Change, with Francois Velde, Princeton University Press, 2002; Recursive Macroeconomic Theory, with Lars Ljungqvist, MIT Press, 2004; and Robustness, with Lars Peter Hansen, Princeton University Press, 2008.
His visit was supported by a generous gift from Donald R. Wilson Jr., AB’88 that advances fiscal studies.
- 2012: April 22–June 9
- 2013: February 5–16