Sargent, Thomas J.
Overview
Works:  241 works in 808 publications in 4 languages and 8,964 library holdings 

Genres:  History 
Roles:  Author, Editor, Contributor, Honoree, Other 
Classifications:  HB172.5, 339 
Publication Timeline
.
Most widely held works about
Thomas J Sargent
 Resisting Sargent : how a representative agent learned about rational expectations economics by EstherMirjam Sent( Book )
 Mrs. Charles Henry Wheelwright Foster : Mabel Chase Hill( Book )
 Robert E. Lucas Papers by Robert E Lucas( )
 Mrs. Dwight Blaney : Edith White Hill( Book )
 Sargent, Thomas by Mary Sayre Haverstock( )
 [Death certificates signed by early Philadelphia physicians by Samuel Booth Sturgis( )
 William M'Kendree papers by William M'Kendree( )
 Miss Hilda Chase Foster( Book )
 Miss Margaret Hill Blaney( Book )
 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 )
 Mrs. Robert Meredith Tappan : Catherine Hill Foster( Book )
 The evolving rationality of rational expectations : an assessment of Thomas Sargent's achievements by EstherMirjam Sent( )
more
fewer
Most widely held works by
Thomas J Sargent
Rational expectations and econometric practice by
Robert E Lucas(
Book
)
44 editions published between 1977 and 2011 in English and Undetermined and held by 732 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
44 editions published between 1977 and 2011 in English and Undetermined and held by 732 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
Rational expectations and inflation by
Thomas J Sargent(
Book
)
38 editions published between 1972 and 2013 in 3 languages and held by 718 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
38 editions published between 1972 and 2013 in 3 languages and held by 718 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
The big problem of small change by
Thomas J Sargent(
Book
)
24 editions published between 1997 and 2014 in English and Undetermined and held by 703 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
24 editions published between 1997 and 2014 in English and Undetermined and held by 703 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
The conquest of American inflation by
Thomas J Sargent(
Book
)
27 editions published between 1999 and 2014 in English and Chinese and held by 564 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
27 editions published between 1999 and 2014 in English and Chinese and held by 564 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
)
36 editions published between 1993 and 2011 in 3 languages and held by 498 WorldCat member libraries worldwide
36 editions published between 1993 and 2011 in 3 languages and held by 498 WorldCat member libraries worldwide
Robustness by
Lars Peter Hansen(
Book
)
9 editions published between 2008 and 2011 in English and held by 428 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
9 editions published between 2008 and 2011 in English and held by 428 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
Rational expectations and the theory of economic policy by
Thomas J Sargent(
Book
)
32 editions published between 1975 and 1985 in English and held by 311 WorldCat member libraries worldwide
32 editions published between 1975 and 1985 in English and held by 311 WorldCat member libraries worldwide
Rational expectations econometrics by
Lars Peter Hansen(
Book
)
10 editions published in 1991 in English and Undetermined and held by 308 WorldCat member libraries worldwide
10 editions published in 1991 in English and Undetermined and held by 308 WorldCat member libraries worldwide
Energy, foresight, and strategy by
Thomas J Sargent(
Book
)
12 editions published between 1985 and 2016 in English and held by 307 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
12 editions published between 1985 and 2016 in English and held by 307 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
Recursive models of dynamic linear economies by
Lars Peter Hansen(
Book
)
16 editions published in 2014 in English and held by 187 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
16 editions published in 2014 in English and held by 187 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
)
19 editions published between 2013 and 2015 in English and held by 183 WorldCat member libraries worldwide
This volume 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. The contributions cover a wide range of issues in macroeconomics and macroeconomic policy. They combine high level mathematics with economic analysis, and highlight the need to update our mathematical toolbox in order to understand the increased complexity of the macroeconomic environment. The volume represents hard evidence of high research intensity in many fields of macroeconomics, and warns against interpreting the scope of macroeconomics too narrowly. The mainstream business cycle analysis, based on dynamic stochastic general equilibrium (DSGE) modelling of a particular type, has been criticised for its inability to predict or resolve the recent financial crisis. However, macroeconomic research on financial, information, and learning imperfections had not yet made their way into many of the precrisis DSGE models because practical econometric versions of those models were mainly designed to fit data periods that did not include financial crises. A major response to the limitations of those older DSGE models is an active research program to bring big financial shocks and various kinds of financial, learning, and labour market frictions into a new generation of DSGE models for guiding policy. The contributors to this book utilise models and modelling assumptions that go beyond particular modelling conventions. By using alternative yet plausible assumptions, they seek to enrich our knowledge and ability to explain macroeconomic phenomena. They contribute to expanding the frontier of macroeconomic knowledge in ways that will prove useful for macroeconomic policy
19 editions published between 2013 and 2015 in English and held by 183 WorldCat member libraries worldwide
This volume 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. The contributions cover a wide range of issues in macroeconomics and macroeconomic policy. They combine high level mathematics with economic analysis, and highlight the need to update our mathematical toolbox in order to understand the increased complexity of the macroeconomic environment. The volume represents hard evidence of high research intensity in many fields of macroeconomics, and warns against interpreting the scope of macroeconomics too narrowly. The mainstream business cycle analysis, based on dynamic stochastic general equilibrium (DSGE) modelling of a particular type, has been criticised for its inability to predict or resolve the recent financial crisis. However, macroeconomic research on financial, information, and learning imperfections had not yet made their way into many of the precrisis DSGE models because practical econometric versions of those models were mainly designed to fit data periods that did not include financial crises. A major response to the limitations of those older DSGE models is an active research program to bring big financial shocks and various kinds of financial, learning, and labour market frictions into a new generation of DSGE models for guiding policy. The contributors to this book utilise models and modelling assumptions that go beyond particular modelling conventions. By using alternative yet plausible assumptions, they seek to enrich our knowledge and ability to explain macroeconomic phenomena. They contribute to expanding the frontier of macroeconomic knowledge in ways that will prove useful for macroeconomic policy
Dynamic macroeconomic theory by
Lars Ljungqvist(
Book
)
27 editions published between 1979 and 2012 in English and held by 127 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."BOOK JACKET
27 editions published between 1979 and 2012 in English and held by 127 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."BOOK JACKET
Uncertainty within economic models by
Lars Peter Hansen(
Book
)
14 editions published between 2014 and 2015 in English and held by 89 WorldCat member libraries worldwide
14 editions published between 2014 and 2015 in English and held by 89 WorldCat member libraries worldwide
The European unemployment dilemma by
Lars Ljungqvist(
Book
)
20 editions published between 1995 and 1998 in English and held by 60 WorldCat member libraries worldwide
20 editions published between 1995 and 1998 in English and held by 60 WorldCat member libraries worldwide
Teoría macroeconómica by
Thomas J Sargent(
Book
)
17 editions published between 1982 and 1988 in 3 languages and held by 44 WorldCat member libraries worldwide
17 editions published between 1982 and 1988 in 3 languages and held by 44 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 38 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 38 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 37 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 37 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
Recursive linear models of dynamic economies by
Lars Peter Hansen(
Book
)
12 editions published between 1990 and 1996 in English and held by 37 WorldCat member libraries worldwide
This paper describes a class of dynamic stochastic linear quadratic equilibrium models. A model is specified by naming lists of matrices that determine preferences, technology, and the information structure. Aggregate equilibrium allocations and prices are computed by solving a social planning problem in the form of an optimal linear regulator. Heterogeneity among agents is permitted. Several examples are computed
12 editions published between 1990 and 1996 in English and held by 37 WorldCat member libraries worldwide
This paper describes a class of dynamic stochastic linear quadratic equilibrium models. A model is specified by naming lists of matrices that determine preferences, technology, and the information structure. Aggregate equilibrium allocations and prices are computed by solving a social planning problem in the form of an optimal linear regulator. Heterogeneity among agents is permitted. Several examples are computed
Rational expectations and econometric practice by
Robert E Lucas(
Book
)
12 editions published between 1981 and 1988 in English and Undetermined and held by 23 WorldCat member libraries worldwide
12 editions published between 1981 and 1988 in English and Undetermined and held by 23 WorldCat member libraries worldwide
Interest rate risk and other determinants of postWWII U.S. government debt/GDP dynamics by
George J Hall(
Book
)
10 editions published in 2010 in English and held by 10 WorldCat member libraries worldwide
This paper uses the sequence of government budget constraints to motivate estimates of interest payments on the U.S. Federal government debt. We explain why our estimates differ conceptually and quantitatively from those reported by the U.S. government. We use our estimates to account for contributions to the evolution of the debt to GDP ratio made by inflation, growth, and nominal returns paid on debts of different maturities
10 editions published in 2010 in English and held by 10 WorldCat member libraries worldwide
This paper uses the sequence of government budget constraints to motivate estimates of interest payments on the U.S. Federal government debt. We explain why our estimates differ conceptually and quantitatively from those reported by the U.S. government. We use our estimates to account for contributions to the evolution of the debt to GDP ratio made by inflation, growth, and nominal returns paid on debts of different maturities
more
fewer
Audience Level
0 

1  
Kids  General  Special 
Related Identities
 Hansen, Lars Peter Author
 Lucas, Robert E. Jr Author Editor
 Velde, François R. Author Contributor
 National Bureau of Economic Research
 Wallace, Neil
 Aiyagari, S. Rao Author
 Resources for the Future
 Vilmunen, Jouko Editor
 Ljungqvist, Lars Author
 Maskin, Eric S.
Useful Links
Associated Subjects
Chase, Moses Coinage Coins Currency question Debts, PublicEconometric models Eaton, Thomas, Econometric models Econometrics Economic forecasting Economic policy Economic policyMathematical models EconomicsMathematical models Energy policy Equilibrium (Economics)Mathematical models EquilibriumMathematical models Europe Finance, PublicEconometric models Goodhue, William Gross domestic productEconometric models Hill, Elisha Inflation (Finance) Inflation (Finance)Econometric models Interest rates Kalman filtering Latin America Macroeconomics MacroeconomicsMathematical models Mints Monetary policy Monetary policyMathematical models Money Morse, Anthony Page, Robert Petroleum industry and tradeGovernment policy Plaisted, Elisha Rational expectations (Economic theory) Rational expectations (Economic theory)Mathematical models Rationalism Recursive functions Robust control Robust optimization Sargent, Thomas J Sargent, William Statics and dynamics (Social sciences) Timeseries analysis Uncertainty Unemployment 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 økonom
Thomas J. Sargent economista statunitense
Thomas John Sargent
Thomas Sargent
Thomas Sargent Amerikaans econoom
Thomas Sargent ekonomista amerykański
Thomas Sargent USamerikanischer Ökonom
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
Languages
Covers