At Cato, Sargent will leverage his extensive expertise to explore the dynamic interplay between fiscal and monetary policy, providing insights and recommendations that will inform policymakers and the public. His research will address critical issues such as inflation, government spending, and the role of central banks, contributing to the development of policies that promote economic stability and growth.
Sargent was a professor of economics at the University of Minnesota from 1975 to 1987, the David Rockefeller Professor at the University of Chicago from 1992 to 1998, and the Donald Lucas Professor of Economics at Stanford University from 1998 to 2002. He has been a senior fellow at the Hoover Institution since 1987.
Sargent earned his PhD from Harvard University in 1968 and was a first lieutenant and captain in the US Army. He was a university medalist as Most Distinguished Scholar in the Class of 1964 and won the Nemmers Prize in Economics in 1997. In 1983, Sargent was elected a fellow of both the National Academy of Sciences and the American Academy of Arts and Sciences. He is past president of the Econometric Society, the American Economic Association, and the Society for Economic Dynamics.
His books include Rational Expectations and Econometric Practice (1981), with Robert E. Lucas Jr.; The Big Problem of Small Change (2002), with François R. Velde; Recursive Macroeconomic Theory (2004), with Lars Ljungqvist; and Robustness (2008), with Lars Peter Hansen.