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Thomas J. Sargent
Researcher at New York University
Publications - 379
Citations - 40862
Thomas J. Sargent is an academic researcher from New York University. The author has contributed to research in topics: Rational expectations & Inflation. The author has an hindex of 96, co-authored 370 publications receiving 39224 citations. Previous affiliations of Thomas J. Sargent include Hoover Institution & Stockholm School of Economics.
Papers
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Journal ArticleDOI
"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule
Thomas J. Sargent,Neil Wallace +1 more
TL;DR: In this paper, alternative monetary policies are analyzed in an ad hoc macroeconomic model in which the public's expectations about prices are rational, and it turns out that the probility distribution of output is independent of the particular deterministic money supply rule in effect.
Book
Recursive Macroeconomic Theory
TL;DR: In this paper, an introduction to recursive methods for dynamic macroeconomics is presented, including standard applications such as asset pricing, and advanced material, including analyses of reputational mechanisms and contract design.
Book ChapterDOI
Some Unpleasant Monetarist Arithmetic
Thomas J. Sargent,Neil Wallace +1 more
TL;DR: The authors argued that even in an economy that satisfies monetarist assumptions, if monetary policy is interpreted as open market operations, then Friedman's list of the things that monetary policy cannot permanently control may have to be expanded to include inflation.
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Drifts and volatilities: monetary policies and outcomes in the post WWII US
TL;DR: For a VAR with drifting coefficients and stochastic volatilities, the authors present posterior densities for several objects that are pertinent for designing and evaluating monetary policy, including measures of inflation persistence, the natural rate of unemployment, a core rate of inflation, and ‘activism coefficients' for monetary policy rules.
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Robust Control and Model Uncertainty
TL;DR: In this paper, a Benchmark Resource Allocation Problem with Model Misspecification and Robust Control Problems is discussed. But the problem is not addressed in this paper, and the following sections are included: