Nancy Stokey earned her BA in economics from the University of Pennsylvania in 1972 and her PhD from Harvard University in 1978, under the direction of thesis advisor Kenneth Arrow.
14 Facts About Nancy Stokey
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Nancy Stokey is a Fellow of the Econometric Society, the American Academy of Arts and Sciences and the National Academy of Sciences.
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Nancy Stokey previously served as a co editor of Econometrica and was a member of the Expert Panel of the Copenhagen Consensus.
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Nancy Stokey is the co-developer, with Paul Milgrom, of the no-trade theorem, a counter-intuitive development of the premises of financial economics.
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Nancy Stokey worked with Paul Milgrom to publish "Information, Trade, and Common Knowledge", which established that information-based trade is not possible for rational agents with common knowledge.
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Nancy Stokey has written articles that explain the "wait and see model", which describes investment decisions that firms who face a one-time tax policy will endure.
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Nancy Stokey has written critically about how the United Nations allocates funds for international economic development and humanitarian aid.
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Nancy Stokey coauthored "Optimal Monetary and Fiscal Policy" which was one of the first papers to examine the time consistency of macroeconomic policy and to demonstrate the importance of central banks following rules.
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Nancy Stokey was an economics professor at Northwestern University since 1978, from assistant professor to department chairman in 1987.
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Nancy Stokey was awarded the 2021 CME Group - MSRI Prize.
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Nancy Stokey is a member of the National Academy of Sciences and was a vice-president of the American Economic Association between 1996 and 1997.
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Nancy Stokey has been a member of the American academy of Arts and Sciences since 1993, and a member of the National Academy of Sciences since 2004.
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Nancy Stokey has held editorial positions with top journals as Econometrica, The Journal of Economic Growth, Games and Economic Behavior and The Journal of Economic Theory.
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Nancy Stokey was married to Nobel Prize Winner in Economics laureate Robert Lucas Jr.