Thomas J. Sargent

Visiting Fellow, May 2–June 4, 2011
Distinguished Fellow, 2011–2014
William R. Berkley Professor of Economics and Business, New York University

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 U.S. federal interest payments on government debt, and interpret apparent instabilities in manifestations of the Quantity Theory of money.

Sargent holds a joint appointment with the economics departments at NYU’s faculty of arts and sciences and the Stern School of Business. He previously held named chairs at the University of Chicago and Stanford University. He is a senior fellow at the Hoover Institution and a member of 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 at Berkeley and PhD from Harvard University.

Activities

Papers Presented - 2010

• Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, and Social Security

Events

• Friedman Forum Undergraduate Lecture Series:  spring 2012; date TBD
  Fiscal Policy Under Fiscal Imbalance (organizer)
• Chicago Ideas Shaping 21st Century Economics (panelist)
• The Transition from Coursework to Research (panelist)
• Assessing Sovereign Risk (panelist)

Research

• Co-director, Fiscal Imbalance Initiative
  Working group member, Financial Sector Linkages to the Macroeconomy Research Initiative