2014 “Influence ? China” Spring Submit

Hosts

China South Publishing & Media Group Co., Ltd.

Time Weekly

Sun Yat-sen Business School

Time Research Institute

Topic

China’s Economy Under Comprehensive Reform

Time & Date

13:00-17:00, April 20, 2014

Venue

International Conference Hall, Sun Yat-sen Business School, Sun Yat-sen University

Keynote Speaker

Thomas J. Sargent – Nobel Prize Laureate

General biography

Born in 1943, Thomas John Sargent is an American economist, specializing in the fields of macroeconomics, monetary economics and time series econometrics. As of 2014, he ranks fourteenth among the most cited economists in the world. He was awarded the Nobel Prize in Economics in 2011 together with Christopher A. Sims "for their empirical research on cause and effect in the macroeconomy".

Education

Sargent earned his B.A. from the University of California, Berkeley in 1964, and his Ph.D. from Harvard in 1968. He held teaching positions at the University of Pennsylvania (1970–1971), University of Minnesota (1971–1987), University of Chicago (1991–1998), Stanford University (1998–2002) and Princeton University (2009), and is currently a Professor of Economics at New York University (since 2002). He is a Fellow of the Econometric Society since 1976, and a senior fellow of the Hoover Institution at Stanford University since 1987.

Professional contributions

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.

In 1975 he and Neil Wallace proposed the “policy-ineffectiveness proposition”, which refuted a basic assumption of Keynesian economics.

Nobel Memorial Prize

On October 10, 2011, Sargent together with Chris Sims was awarded the Nobel Memorial Prize in Economic Sciences. The award cited their "empirical research on cause and effect in the macroeconomy".

Selected publications

•  Sargent, Thomas J. (1971). "A Note on the Accelerationist Controversy". Journal of Money, Credit and Banking (Blackwell Publishing) 3 (3): 721–25. doi:10.2307/1991369.JSTOR 1991369.

•  Econometric Society) 41 (6): 1043–48.doi:10.2307/1914034. JSTOR 1914034.

•  Sargent, Thomas & Wallace, Neil (1975). "'Rational' Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule". Journal of Political Economy 83 (2): 241–254. doi:10.1086/260321.

•  Sargent, Thomas & Wallace, Neil (1976). "Rational Expectations and the Theory of Economic Policy". Journal of Monetary Economics 2 (2): 169–183.

•  Sargent, Thomas J. (1979, 1987). Macroeconomic Theory. New York: Academic Press. ISBN 0-12-619750-4.

•  Sargent, Thomas J. and Lars P. Hansen (1980). "Formulating and Estimating Dynamic Linear Rational Expectations Models". Journal of Economic Dynamics and Control 2 (1): 7–46. doi:10.1016/0165-1889(80)90049-4.

•  Sargent, Thomas J. and Neil Wallace (1981). "Some Unpleasant Monetarist Arithmetic". Federal Reserve Bank of Minneapolis Quarterly Review 5 (3): 1–17.

•  Sargent, Thomas J. (1983). “The Ends of Four Big Inflations” in: Inflation: Causes and Effects, ed. by Robert E. Hall, University of Chicago Press, for the NBER, 1983, p. 41–97.

•  Sargent, Thomas J. (1987). Dynamic Macroeconomic Theory. Harvard University Press. ISBN 0-674-21877-9.

•  Sargent, Thomas J. and Albert Marcet (1989). "Convergence of Least Squares Learning Mechanisms in Self-Referential Linear Stochastic Models". Journal of Economic Theory48 (2): 337–368. doi:10.1016/0022-0531(89)90032-X.

•  Sargent, Thomas J. and Albert Marcet (1989). "Convergence of Least Squares Learning in Environments with Hidden State Variables and Private Information". Journal of Political Economy 97 (6): 251. doi:10.1086/261603.

•  Sargent, Thomas J. and Lars Ljungqvist (2000, 2004). Recursive Macroeconomic Theory. MIT Press. ISBN 0-262-12274-X.

•  Sargent, Thomas J. and Lars Hansen (2001). "Robust Control and Model Uncertainty". American Economic Review 91 (2): 60–66. doi:10.1257/aer.91.2.60.
 

(Excerpted from Wikipedia)

Registration

Please edit message “影响力中国+ Name + Company/University + Phone Number” to sysbspr@mail.sysu.edu.cn.