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Quote by Thomas J. Sargent

“The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.”

Quote by Thomas J. Sargent

Author

Thomas J. Sargent

Thomas J. Sargent is a renowned economist born on July 19, 1943. His research in economics encompasses macroeconomics, econometrics, and monetary economics, among other fields, and has had a profound impact on the development of modern economics. more

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