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Learning from Lucas

Summary:
Tom Sargent describes how he learnt macroeconomics the Lucas way, starting from the Cowles Commission approach and digesting Muth’s (or Richardson’s?) rational expectations.

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Tom Sargent describes how he learnt macroeconomics the Lucas way, starting from the Cowles Commission approach and digesting Muth’s (or Richardson’s?) rational expectations.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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