AN INTERVIEW WITH THOMAS J. SARGENT

George William Evans () and Seppo Mikko Sakari Honkapohja ()

Macroeconomic Dynamics, 2005, vol. 9, issue 04, pages 561-583

Abstract: The rational expectations hypothesis swept through macroeconomics during the 1970s and permanently altered the landscape. It remains the prevailing paradigm in macroeconomics, and rational expectations is routinely used as the standard solution concept in both theoretical and applied macroeconomic modelling. The rational expectations hypothesis was initially formulated by John F. Muth Jr. in the early 1960s. Together with Robert Lucas Jr., Thomas (Tom) Sargent pioneered the rational expectations revolution in macroeconomics in the 1970s.

Date: 2005
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Working Paper: An Interview with Thomas J. Sargent (2005)
Working Paper: An Interview with Thomas J. Sargent (2005)
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