Description
A brilliant technical treatise that includes both new results and original synthesis... The Conquest of American Inflation may help to fashion a new paradigm in macroeconomic analysis. -- Ben Bernanke, Princeton University A very deep and very subtle piece of scholarship... Sargent is most impressive in his ability to bring theoretical arguments to bear on the problem of distinguishing empirically between the two histories of postwar inflation. -- Thomas F. Cooley, University of Rochester The Conquest of American Inflation is a fascinating document, marshalling sophisticated economic theory and econometrics to the task of explaining the past 50 years of U.S. monetary policy and its interaction with macroconomic activity. It will surely be widely cited and widely discussed. -- Robert King, University of Virginia A fascinating study of a real-world phenomenon that uses ideas from recent theoretical work on bounded rationality. Brilliant and pathbreaking. -- David Kreps, Stanford University
About the Author
Thomas J. Sargent is Donald Lucas Professor of Economics, Stanford University, and Senior Fellow at the Hoover Institution at Stanford. He is the author of many articles and books on macroeconomic theory, most recentlyBounded Rationality in Macroeconomics.
Reviews
"This book illustrates Sargent's great curiosity and honesty... [Here] the reader gets a lucid, penetrating inquiry into the "ifs and buts" of rational expectations (RE) and their implications for policy."--Peter Sinclair, The Times Higher Education Supplement "A lucid, penetrating inquiry into the 'ifs and buts' of rational expectations and their implications for policy... This book illustrates Sargent's great curiosity and honesty ... A beautifully crafted, deep, and ... very accessible work... It deserves to be one of the century's most influential books on macroeconomics."--Peter Sinclair, Times Literary Supplement "A path-breaking contribution. It shows new ways to analyze dynamic economics. It is a basic reference to understand--and develop--dynamic macroeconomic theory in the 21st century."--Ramon Marimon, Journal of Economic Literature
Book Information
ISBN 9780691090122
Author Thomas J. Sargent
Format Paperback
Page Count 168
Imprint Princeton University Press
Publisher Princeton University Press
Weight(grams) 255g