Nobel Laureate Thomas Sargent Joins Cato Institute

Washington, D.C. - The Cato Institute announces that Thomas J. Sargent, a Nobel Prize-winning economist and Professor of Economics at New York University (NYU), will join the Institute as a Visiting Scholar with the Center for Monetary & Financial Alternatives, effective August 1, 2024. Dr. Sargent will focus on groundbreaking research at the intersection of fiscal and monetary policy, furthering Cato's mission to advance public policies based on individual liberty, limited government, free markets, and peace.

Dr. Sargent's distinguished career includes significant contributions to the field of economics, particularly in the areas of macroeconomic theory, monetary economics, and time series econometrics. He was awarded the Nobel Prize in Economic Sciences in 2011 for his empirical research on cause and effect in the macroeconomy. His work has profoundly influenced the understanding of economic policy and its impacts on economies worldwide.

At the Cato Institute, Dr. 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.

"We are honored to welcome Thomas Sargent to the Cato Institute," said Peter Goettler, President and CEO of the Cato Institute. "His unparalleled expertise and pioneering research will significantly enhance our efforts to advance economic freedom and sound policy. Dr. Sargent's work aligns perfectly with Cato's commitment to fostering a deeper understanding of the principles that underpin a free and prosperous society."

Dr. Sargent has held academic positions at several prestigious institutions, including Stanford University, the University of Chicago, and the University of Minnesota. He is a fellow of the American Academy of Arts and Sciences, the Econometric Society, and the National Academy of Sciences. His numerous publications and influential research papers have earned him recognition as one of the most prominent economists of his generation.

"I am excited to join the Cato Institute and engage in research that addresses some of the most pressing economic challenges of our time," said Dr. Sargent. "I look forward to collaborating with Cato's esteemed scholars and contributing to the Institute's mission of promoting policies that enhance economic freedom and prosperity."