... of Rational Expectations: An Assessment of Thomas Sargent’s Achievements. By Esther-Mirjam Sent. Cambridge and New York: Cam- bridge University Press, 1998. x; 242 pp. Esther-Mirjam Sent’s book, in which she provides an account of the development...

...Roger E. Backhouse; Beatrice Cherrier The FMP model exemplifies the Keynesian models later criticized by Lucas, Sargent, and others as conceptually flawed. For economists in the 1960s such models were “big science”, posing organizational as well as theoretical and empirical problems. It was part...

... the certainty equivalence property, which made their solutions feasible for the computers available at that time. Appearing in that narrative are Poole (1970) and Sargent and Wallace (1975), who were among the first to apply the tool to monetary economics. In this article I argue that in addition to offering...

...Evelyn L. Forget The Office of Economic Opportunity was established, under the leadership of Sargent Shriver, to fight President Johnson's War on Poverty as part of the Great Society program. Between 1964 and 1968, two intellectual communities vied for supremacy within that office. In the early...

... of knowing for sure until a horse race is held. 25 Clearly, the horse race Sargent had in mind was to be an empirical one.26 But instead, also in 1975, Sargent, in a paper with Wallace, set up a theoretical horse race. 27 The authors built a macroeconomic model struc- ture with the stated...

... ): 454 -59. Gordon , Robert J. 1980 . ‘Comment.’ In Fischer 1980 . Hansen , Lars Peter , and Thomas J. Sargent 1980 . ‘Formulating and estimating dynamic linear rational expectations models.’ Journal of Economics and Dynamics 2 . Hansen , Lars Peter , and Thomas J. Sargent...

.... Sargent. 1971 . Regression with Non-Gaussian Stable Disturbances: Some Sampling Results. Econometrica 39.3 : 501 -10. Bossons, John, and Franco Modigliani. 1966 . Statistical vs. Structural Explanations of Understatement and Regressivity in“Rational” Expectations. Econometrica 34.2 : 347 -53...

...–Permanent Income Hypothesis: Theory and Evidence ”. Journal of Political Economy 86 : 971 – 87 . Hansen L. 2004 . “ An Interview with Christopher Sims .” Macroeconomic Dynamics , 8 : 273 – 294 . doi: 10.1017.S1365100504030184 . Hansen L. P. Sargent T. J. 1980 . “ Formulating...

... . “ Econometric Policy Evaluation: A Critique ” Carnegie-Rochester Conference Series on Public Policy 5 : 7 – 29 . Lucas R. E. 1980 . Methods and Problems in Business Cycle Theory . Journal of Money, Credit and Banking 12 ( 4 ): 698 – 713 . Lucas R. E. Sargent T. J. 1981...

... to Mathematical Economics , edited by Andreu Mas-Colell and Werner Hildenbrand, 387 -99. Amsterdam: North-Holland. Roach, John M. 1979 . Simon Says: Decision Making Is a“Satisficing” Experience. Management Review 68.1 : 8 -17. Sargent, Thomas J. 1993 . Bounded Rationality in Macroeconomics . Oxford...

... E. Lucas Jr. Thomas Sargent rational expectations Carnegie Mellon University References Blaug Mark . 1986 . Who's Who in Economics . 2nd ed. Cambridge, Mass. : MIT Press . Cyert Richard M. 1965 . Annual Report 1964–65: Graduate School of Industrial Administration...

...-Rochester Conference Series on Public Policy 1 : 19 – 46 . Lucas Robert E. Sargent Thomas J. 1979 . “ After Keynesian Macroeconomics ”. Federal Reserve of Minneapolis Quarterly Review 3 : 1 – 6 . Lucas Robert E. 1981 . Rational Expectations and Econometric Practice . London...

... Cycle. xxviii; 365 pp. 2003 Colonna, Marina, and Harald Hagemann, eds. 1994 . Money and Business Cycles . Aldershot, U.K.: Edward Elgar. Friedman, Milton, and Rose D. Friedman. 1998 . Two Lucky People . Chicago: University of Chicago Press. Lucas, Robert E., and Thomas J. Sargent...

... : 721 – 54 . ———. 1969b . Price Expectations and the Phillips Curve . American Economic Review 59 : 342 – 50 . Lucas R. E. Sargent T. J. . 1978 . After Keynesian Macroeconomics. In After the Phillips Curve: Persistence of High Inflation and High Unemployment , Boston Federal...

... Expectations: An Assessment of Thomas Sargent’s Achievements. By Esther-Mirjam Sent. Cambridge and New York: Cam- bridge University Press, 1998. x; 242 pp. Esther-Mirjam Sent’s book, in which she provides an account of the development...

...Esther-Mirjam Sent Esther-Mirjam Sent is assistant professor in the Department of Economics and faculty fellow in the Reilly Center for Science, Technology, and Values at the University of Notre Dame. She is the author of Resisting Sargent: How a Representative Agent Learned about...

... ): 280 – 86 . Hansen Lars Peter . 1982 . “ Large Sample Properties of Generalized Method of Moments Estimators .” Econometrica 50 ( 4 ): 1029 – 54 . Hansen Lars Peter Sargent Thomas J. . 1980 . “ Formulating and Estimating Dynamic Linear Rational Expectations Models...

... .” Review of Economic Studies 29 ( 3 ): 193 – 206 . Samuelson Paul A. Solow Robert . 1956 . “ A Complete Capital Model involving Heterogeneous Capital Goods .” Quarterly Journal of Economics 70 ( 4 ): 537 – 62 . Sargent J. R. 1963 . “ Are American Economists Better...

... . London : Routledge . Lucas R. E. Jr. 1972 . “ Expectations and the Neutrality of Money .” Journal of Economic Theory 4 : 103 – 24 . Sargent T. Wallace N. 1976 . “ Rational Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule .” Journal...

.... Lucas and T. Sargent. London: Allen and Unwin. ____. 1985 . Properties of Some Short-Run Business Forecasts. Eastern Economic Journal 11.3 : 200 -210. ____. 1991a . Letter to authors , 2 August. ____. 1991b . Letter to authors , 5 September. ____. 1991c . Letter to authors , 14...