Video: Computational Challenges in Macroeconomics, Thomas Sargent (New York University, USA)

Recording of a plenary presentation during the PASC15 Conference.


Modern macroeconomic theory has provided many qualitative insights into the functioning of financial and labor markets in our complex modern economies. But determining the quantitative importance of frequently countervailing forces requires much more than the pencil and paper methods used by economic theorists. My talk will describe some new economic ideas brought by economic theory and how efforts to develop computational tools promise to help macroeconomists perform quantitative analyses that can inform policy choices.


Thomas J. Sargent is the W. R. Berkley Professor at New York University, a joint appointment in the Economics Department and the Stern School of Business. He has been a Senior Fellow at the Hoover Institution since 1987. He was awarded the 2011 Nobel Prize in Economics for his empirical research on cause and effect in the macroeconomy. Professor Sargent earned his BA from the University of California, Berkeley in 1964, and his PhD in economics from Harvard University in 1968. He has held Professor appointments at the University of Minnesota, University of Chicago, and Stanford University. Sargent was elected a fellow of the National Academy of Sciences in 1983.

Felix Kübler (University of Zurich, Switzerland)