Thomas J. Sargent

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The Big Problem of Small Change

by Thomas J. Sargent & François R. Velde

The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. Two leading economists,...


Energy, Foresight, and Strategy

by Thomas J. Sargent

In Energy, Foresight, and Strategy, Thomas Sargent and his collaborators have produced a highly rigorous treatment of 'rational expectations' theory and its application to the study of energy markets. These...


Recursive Models of Dynamic Linear Economies

by Thomas J. Sargent & Lars Peter Hansen

A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to...


Rational Expectations and Inflation (Third Edition)

by Thomas J. Sargent

This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent...