In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.
I'm happy to say I am a Harrison-Kreps-Keynesian. - Thomas J. Sargent
I'm happy to say I am a Harrison-Kreps-Keynesian.
- Thomas J. Sargent
Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times. - Thomas J. Sargent
Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.
In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will… - Thomas J. Sargent
In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will…
I think you've got to watch out for anybody in high school who says he wants to become an economist. - Thomas J. Sargent
I think you've got to watch out for anybody in high school who says he wants to become an economist.
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function.… - Thomas J. Sargent
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function.…
What I really don't like is oversimplification. - Thomas J. Sargent
What I really don't like is oversimplification.
I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort. - Thomas J. Sargent
I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort.
There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course… - Thomas J. Sargent
There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course…
When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists. - Thomas J. Sargent
When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists.
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