14 Facts About Thomas Sargent

Thomas Sargent specializes in the fields of macroeconomics, monetary economics, and time series econometrics.

Thomas Sargent was awarded the Nobel Memorial Prize in Economics in 2011 together with Christopher A Sims for their "empirical research on cause and effect in the macroeconomy".

Thomas Sargent earned his B A from the University of California, Berkeley in 1964, being the University Medalist as Most Distinguished Scholar in Class of 1964, and his PhD from Harvard in 1968, under supervision of John R Meyer.

Thomas Sargent held teaching positions at the University of Pennsylvania, University of Minnesota, University of Chicago, Stanford University and Princeton University, and is currently a professor of economics at New York University .

Thomas Sargent previously held the position of President of the American Economic Association and the Econometric Society where he has been a fellow since 1976.

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In 1983, Thomas Sargent was elected to the National Academy of Sciences and the American Academy of Arts and Sciences.

Thomas Sargent has been a senior fellow of the Hoover Institution at Stanford University since 1987.

Thomas Sargent is one of the leaders of the "rational expectations revolution, " which argues that the people being modeled by economists can predict the future, or the probability of future outcomes, at least as well as the economist can with his model.

Thomas Sargent went on to refine or extend rational expectations reasoning by further:.

Thomas Sargent has been a pioneer in introducing recursive economics to academic study, especially for macroeconomic issues such as unemployment, fiscal and monetary policy, and growth.

Thomas Sargent has pursued a research program with Ljungqvist designed to understand determinants of differences in unemployment outcomes in Europe and the United States during the last 30 years.

Thomas Sargent's reading group at Stanford and NYU is a famous institution among graduate students in economics.

In 2016, Thomas Sargent helped found the non-profit QuantEcon project, which is dedicated to the development and documentation of modern open source computational tools for economics, econometrics, and decision making.

Thomas Sargent is featured playing himself in a television commercial for Ally Financial in which he is asked if he can predict CD rates two years from now, to which he simply answers, "No ".