Sargent, Thomas J.
Overview
Works:  250 works in 883 publications in 5 languages and 12,015 library holdings 

Genres:  History 
Roles:  Author, Editor, Contributor, Honoree, Other 
Classifications:  HB172.5, 339 
Publication Timeline
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Most widely held works about
Thomas J Sargent
 The evolving rationality of rational expectations : an assessment of Thomas Sargent's achievements by EstherMirjam Sent( Book )
 Resisting Sargent : how a representative agent learned about rational expectations economics by EstherMirjam Sent( Book )
 Mrs. Robert Meredith Tappan : Catherine Hill Foster( Book )
 Miss Hilda Chase Foster( Book )
 William M'Kendree papers by William M'Kendree( )
 Miss Margaret Hill Blaney( Book )
 Robert E. Lucas Papers by Robert E Lucas( )
 Head quarters, New Philadelphia, Oct. 6th, 1829. Brigade orders! : Orders is hereby given ... that I have this day removed from my staff, Azor Abel ... Thomas Sargent ... James W. English ... by John Butt( Book )
 Sargent, Thomas by Mary Sayre Haverstock( )
 Mrs. Dwight Blaney : Edith White Hill( Book )
 Mrs. Charles Henry Wheelwright Foster : Mabel Chase Hill( Book )
 [Death certificates signed by early Philadelphia physicians by Samuel Booth Sturgis( )
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Most widely held works by
Thomas J Sargent
Macroeconomic theory by
Thomas J Sargent(
Book
)
44 editions published between 1979 and 2010 in 3 languages and held by 1,276 WorldCat member libraries worldwide
The "Classical'' Model  The Keynesian Model  Tobin's Dynamic Aggregative Model  Miscellaneous Topics  Dynamic Analysis of a Keynesian Model  Introduction to stochastic macroeconomics  Behavior Under Uncertainty  Implicit Labor Contracts and Sticky Wages  Difference Equations and Lag Operators  Linear Least Squares Projections (Regressions)  Linear Stochastic Difference Equations  The Consumption Function  Government Debt and Taxes  Investment Under Uncertainty  Dynamic Optimal Taxation  The Phillips Curve  Optimal Monetary Policy  Aspects of the New Classical Macroeconomics
44 editions published between 1979 and 2010 in 3 languages and held by 1,276 WorldCat member libraries worldwide
The "Classical'' Model  The Keynesian Model  Tobin's Dynamic Aggregative Model  Miscellaneous Topics  Dynamic Analysis of a Keynesian Model  Introduction to stochastic macroeconomics  Behavior Under Uncertainty  Implicit Labor Contracts and Sticky Wages  Difference Equations and Lag Operators  Linear Least Squares Projections (Regressions)  Linear Stochastic Difference Equations  The Consumption Function  Government Debt and Taxes  Investment Under Uncertainty  Dynamic Optimal Taxation  The Phillips Curve  Optimal Monetary Policy  Aspects of the New Classical Macroeconomics
Recursive macroeconomic theory by
Lars Ljungqvist(
Book
)
47 editions published between 2000 and 2014 in English and Chinese and held by 894 WorldCat member libraries worldwide
"Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers new topics that further illustrate the power and pervasiveness of recursive methods."Jacket
47 editions published between 2000 and 2014 in English and Chinese and held by 894 WorldCat member libraries worldwide
"Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers new topics that further illustrate the power and pervasiveness of recursive methods."Jacket
Rational expectations and econometric practice by
Robert E Lucas(
Book
)
32 editions published between 1977 and 1988 in English and Undetermined and held by 722 WorldCat member libraries worldwide
Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, governme
32 editions published between 1977 and 1988 in English and Undetermined and held by 722 WorldCat member libraries worldwide
Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, governme
The big problem of small change by
Thomas J Sargent(
Book
)
26 editions published between 1997 and 2014 in English and Polish and held by 719 WorldCat member libraries worldwide
"The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. Thomas Sargent and Francois Velde examine the evolution of Western European economies through the lens of one of the classic problems of monetary history  the recurring scarcity and depreciation of small change. Through penetrating and clearly worded analysis, they tell the story of how monetary technologies, doctrines, and practices evolved from 1300 to 1850; of how the "standard formula" was devised to address an ageold dilemma without causing inflation." "This is a keenly argued, richly imaginative, and attractively illustrated study. All those intrigued by monetary history will recognize this book for the standard that it is."Jacket
26 editions published between 1997 and 2014 in English and Polish and held by 719 WorldCat member libraries worldwide
"The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. Thomas Sargent and Francois Velde examine the evolution of Western European economies through the lens of one of the classic problems of monetary history  the recurring scarcity and depreciation of small change. Through penetrating and clearly worded analysis, they tell the story of how monetary technologies, doctrines, and practices evolved from 1300 to 1850; of how the "standard formula" was devised to address an ageold dilemma without causing inflation." "This is a keenly argued, richly imaginative, and attractively illustrated study. All those intrigued by monetary history will recognize this book for the standard that it is."Jacket
Rational expectations and inflation by
Thomas J Sargent(
Book
)
35 editions published between 1985 and 2013 in English and Spanish and held by 700 WorldCat member libraries worldwide
This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrat
35 editions published between 1985 and 2013 in English and Spanish and held by 700 WorldCat member libraries worldwide
This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrat
Dynamic macroeconomic theory by
Thomas J Sargent(
Book
)
17 editions published between 1987 and 1997 in 3 languages and held by 653 WorldCat member libraries worldwide
Real dynamic macroeconomic models : dynamic programming  Search  Asset prices and consumption  Monetary economics and government finance : currency in the utility function  Cashinadvance models  Credit and currency with longlived agents  Credit and currency with overlapping generations  Government finance in stochastic overlappinggenerations models
17 editions published between 1987 and 1997 in 3 languages and held by 653 WorldCat member libraries worldwide
Real dynamic macroeconomic models : dynamic programming  Search  Asset prices and consumption  Monetary economics and government finance : currency in the utility function  Cashinadvance models  Credit and currency with longlived agents  Credit and currency with overlapping generations  Government finance in stochastic overlappinggenerations models
The conquest of American inflation by
Thomas J Sargent(
Book
)
18 editions published between 1999 and 2002 in English and held by 536 WorldCat member libraries worldwide
In The Conquest of American Inflation, Thomas J. Sargent presents an analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation. Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists
18 editions published between 1999 and 2002 in English and held by 536 WorldCat member libraries worldwide
In The Conquest of American Inflation, Thomas J. Sargent presents an analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation. Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists
Bounded rationality in macroeconomics by
Thomas J Sargent(
Book
)
37 editions published between 1993 and 2011 in 3 languages and held by 493 WorldCat member libraries worldwide
Focusing on a new development in economic theory which involves bounded or limited rationality, the author describes two laboratory experiments that test versions of his macroeconomic models. He analyzes some promising applications of the methods surveyed
37 editions published between 1993 and 2011 in 3 languages and held by 493 WorldCat member libraries worldwide
Focusing on a new development in economic theory which involves bounded or limited rationality, the author describes two laboratory experiments that test versions of his macroeconomic models. He analyzes some promising applications of the methods surveyed
Robustness by
Lars Peter Hansen(
Book
)
10 editions published between 2008 and 2011 in English and held by 422 WorldCat member libraries worldwide
"The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted?" "Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics."Jacket
10 editions published between 2008 and 2011 in English and held by 422 WorldCat member libraries worldwide
"The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted?" "Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics."Jacket
Exercises in dynamic macroeconomic theory by
Rodolfo E Manuelli(
Book
)
13 editions published in 1987 in English and held by 362 WorldCat member libraries worldwide
Dynamic programming  Search  Asset prices and consumption  Currency in the utility function  Cashinadvance models  Credit and currency with longlived agents  Credit and currency with overlapping generations  Government finance in stochastic overlappinggenerations models  Appendix : functional analysis for macroeconomics
13 editions published in 1987 in English and held by 362 WorldCat member libraries worldwide
Dynamic programming  Search  Asset prices and consumption  Currency in the utility function  Cashinadvance models  Credit and currency with longlived agents  Credit and currency with overlapping generations  Government finance in stochastic overlappinggenerations models  Appendix : functional analysis for macroeconomics
Rational expectations econometrics by
Lars Peter Hansen(
Book
)
12 editions published in 1991 in English and Undetermined and held by 318 WorldCat member libraries worldwide
12 editions published in 1991 in English and Undetermined and held by 318 WorldCat member libraries worldwide
Energy, foresight, and strategy by
Thomas J Sargent(
Book
)
10 editions published between 1985 and 2014 in English and held by 308 WorldCat member libraries worldwide
In Energy, Foresight, and Strategy, Thomas Sargent and his collaborators have produced a highly rigorous treatment of 'rational expectations' theory and its application to the study of energy markets. These six essays use dynamic games to study a variety of issues important to analysts and decisionmakers in the energy field
10 editions published between 1985 and 2014 in English and held by 308 WorldCat member libraries worldwide
In Energy, Foresight, and Strategy, Thomas Sargent and his collaborators have produced a highly rigorous treatment of 'rational expectations' theory and its application to the study of energy markets. These six essays use dynamic games to study a variety of issues important to analysts and decisionmakers in the energy field
Rational expectations and the theory of economic policy by
Thomas J Sargent(
Book
)
29 editions published between 1975 and 1985 in English and held by 283 WorldCat member libraries worldwide
29 editions published between 1975 and 1985 in English and held by 283 WorldCat member libraries worldwide
Recursive models of dynamic linear economies by
Lars Peter Hansen(
Book
)
13 editions published in 2014 in English and held by 177 WorldCat member libraries worldwide
A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis. Based on the 2012 Gorman lectures, the authors unite economic theory with a workable econometrics while going beyond and beneath demand and supply curves for dynamic economies. They construct and apply competitive equilibria for a class of linearquadraticGaussian dynamic economies with complete markets. Their book stresses heterogeneity, aggregation, and how a common structure unites what superficially appear to be diverse applications. An appendix describes MATLAB programs that apply to the book's calculations
13 editions published in 2014 in English and held by 177 WorldCat member libraries worldwide
A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of assumptions under which a representative household justifies a purely aggregative analysis. Based on the 2012 Gorman lectures, the authors unite economic theory with a workable econometrics while going beyond and beneath demand and supply curves for dynamic economies. They construct and apply competitive equilibria for a class of linearquadraticGaussian dynamic economies with complete markets. Their book stresses heterogeneity, aggregation, and how a common structure unites what superficially appear to be diverse applications. An appendix describes MATLAB programs that apply to the book's calculations
Macroeconomics at the service of public policy by
Thomas J Sargent(
Book
)
12 editions published between 2013 and 2015 in English and held by 163 WorldCat member libraries worldwide
This text uses state of the art models from the frontier of macroeconomics to answer key questions about how the economy functions and how policy should be conducted. It includes contributions on the market as a bearer of risk, the European Debt crisis, and possible stagflation of the US economy
12 editions published between 2013 and 2015 in English and held by 163 WorldCat member libraries worldwide
This text uses state of the art models from the frontier of macroeconomics to answer key questions about how the economy functions and how policy should be conducted. It includes contributions on the market as a bearer of risk, the European Debt crisis, and possible stagflation of the US economy
Uncertainty within economic models by
Lars Peter Hansen(
Book
)
12 editions published between 2014 and 2015 in English and held by 76 WorldCat member libraries worldwide
12 editions published between 2014 and 2015 in English and held by 76 WorldCat member libraries worldwide
Politics and efficiency of separating capital and ordinary government budgets by
Marco Bassetto(
Book
)
13 editions published between 2004 and 2005 in English and held by 37 WorldCat member libraries worldwide
"We analyze the democratic politics of a rule that separates capital and ordinary account budgets and allows the government to issue debt to finance capital items only. Many national governments followed this rule in the 18th and 19th centuries and most U.S. states do today. This simple 1800s financing rule sometimes provides excellent incentives for majorities to choose an efficient mix of public goods in an economy with a growing population of overlapping generations of longlived but mortal agents. In a special limiting case with demographics that make Ricardian equivalence prevail, the 1800s rule does nothing to promote efficiency. But when the demographics imply even a moderate departure from Ricardian equivalence, imposing the rule substantially improves the efficiency of democratically chosen allocations. We calibrate some examples to U.S. demographic data. We speculate why in the twentieth century most national governments abandoned the 1800s rule while U.S. state governments have retained it"National Bureau of Economic Research web site
13 editions published between 2004 and 2005 in English and held by 37 WorldCat member libraries worldwide
"We analyze the democratic politics of a rule that separates capital and ordinary account budgets and allows the government to issue debt to finance capital items only. Many national governments followed this rule in the 18th and 19th centuries and most U.S. states do today. This simple 1800s financing rule sometimes provides excellent incentives for majorities to choose an efficient mix of public goods in an economy with a growing population of overlapping generations of longlived but mortal agents. In a special limiting case with demographics that make Ricardian equivalence prevail, the 1800s rule does nothing to promote efficiency. But when the demographics imply even a moderate departure from Ricardian equivalence, imposing the rule substantially improves the efficiency of democratically chosen allocations. We calibrate some examples to U.S. demographic data. We speculate why in the twentieth century most national governments abandoned the 1800s rule while U.S. state governments have retained it"National Bureau of Economic Research web site
Shocks and government beliefs : the rise and fall of American inflation by
Thomas J Sargent(
Book
)
12 editions published in 2004 in English and held by 36 WorldCat member libraries worldwide
We use a Bayesian Markov Chain Monte Carlo algorithm to estimate a model that allows temporary gaps between a true expectational Phillips curve and the monetary authority's approximating nonexpectational Phillips curve. A dynamic programming problem implies that the monetary authority's inflation target evolves as its estimated Phillips curve moves. Our estimates attribute the rise and fall of post WWII inflation in the US to an intricate interaction between the monetary authority's beliefs and economic shocks. Shocks in the 1970s altered the monetary authority's estimates and made it misperceive the tradeoff between inflation and unemployment. That caused a sharp rise in inflation in the 1970s. Our estimates say that policymakers updated their beliefs continuously. By the 1980s, their beliefs about the Phillips curve had changed enough to account for Volcker's conquest of US inflation in the early 1980s
12 editions published in 2004 in English and held by 36 WorldCat member libraries worldwide
We use a Bayesian Markov Chain Monte Carlo algorithm to estimate a model that allows temporary gaps between a true expectational Phillips curve and the monetary authority's approximating nonexpectational Phillips curve. A dynamic programming problem implies that the monetary authority's inflation target evolves as its estimated Phillips curve moves. Our estimates attribute the rise and fall of post WWII inflation in the US to an intricate interaction between the monetary authority's beliefs and economic shocks. Shocks in the 1970s altered the monetary authority's estimates and made it misperceive the tradeoff between inflation and unemployment. That caused a sharp rise in inflation in the 1970s. Our estimates say that policymakers updated their beliefs continuously. By the 1980s, their beliefs about the Phillips curve had changed enough to account for Volcker's conquest of US inflation in the early 1980s
Rational expectations and econometric practice by
Robert E Lucas(
Book
)
15 editions published between 1981 and 2011 in English and Undetermined and held by 23 WorldCat member libraries worldwide
15 editions published between 1981 and 2011 in English and Undetermined and held by 23 WorldCat member libraries worldwide
Rational expectations and econometric practice(
Book
)
6 editions published in 1981 in English and held by 5 WorldCat member libraries worldwide
6 editions published in 1981 in English and held by 5 WorldCat member libraries worldwide
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Related Identities
 Ljungqvist, Lars Author
 Hansen, Lars Peter Author
 Lucas, Robert E. Jr Author Editor
 Velde, François R. Contributor
 Manuelli, Rodolfo E. Author
 Wallace, Neil
 Sent, EstherMirjam 1967 Author
 National Bureau of Economic Research Other
 Aiyagari, S. Rao Author
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Associated Subjects
Brunner, Karl, Canada Chase, Moses Coinage Coins Coxe, John Redman, Currency question Eaton, Thomas, Econometric models Econometrics Economic forecasting Economic policy Economic policyMathematical models EconomicsMathematical models Economists Energy policy Equilibrium (Economics)Mathematical models EquilibriumMathematical models Europe Finance, PublicEconometric models Goodhue, William Hill, Elisha Inflation (Finance) Kalman filtering Macroeconomics MacroeconomicsMathematical models Mints Monetary policy Monetary policyMathematical models Money Morse, Anthony New Orleans (La.) Page, Robert Petroleum industry and tradeGovernment policy Plaisted, Elisha Rational expectations (Economic theory) Rational expectations (Economic theory)Mathematical models Recursive functions Robust control Robust optimization Sargent, Thomas J Sargent, William Statics and dynamics (Social sciences) Timeseries analysis Tobin, James, Travel Uncertainty United States Wheelwright, John Wheelwright, Samuel
Alternative Names
Sargent, T. J. 1943
Sargent, Th. J. 1943
Sargent, Thomas 1943
Sargent, Thomas John 1943
Thomas J. Sargent amerikansk ekonom
Thomas J. Sargent amerikansk konom
Thomas J. Sargent economista statunitense
Thomas John Sargent
Thomas Sargent
Thomas Sargent ekonomista amerykański
Thomas Sargent USamerikanischer konom
Tomas Sercent
Tomass Sārdžents
Τόμας Σάρτζεντ
Сарджент, Томас
Томас Сарджент
Томас Сарджэнт
Թոմաս Սարջենթ
תומאס סרג'נט
توماس ج سارجنت
توماس جی. سارجنت اقتصاددان آمریکایی
تھامس جے سارجنٹ
تھامس سارجنٹ
টমাস জন সার্জেন্ট
தாமஸ் ஜான் சார்ஜெண்ட்
თომას სარჯენტი
토머스 사전트
サージェント, トーマス・J
トーマス・サージェント
托瑪斯薩金特
托马斯萨金特
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