Steine Lecture Series
Thursday, February 17th, 2011, 4:00-5:30pm Cohen Hall, room 203, Peabody Campus
"Do Deficits and Monetary Expansion in the US Pose an Inflation Risk?"
Christopher Sims is the Harold H. Heim ’20 Professor of Economics and Banking at Princeton University. He joined the Princeton faculty in 1999. Sims has also held faculty positions at Harvard University, the University of Minnesota, and Yale University. He received his Ph.D. in Economics from Harvard in 1968.
Among his many honors, Sims is President-Elect of the American Economic Association, a member of the National Academy of Sciences, a member of the American Academy of Arts and Sciences, and a Fellow of the Econometric Society. He has previously served as President of the Econometric Society. Sims has helped edited a number of journals, including serving a term as Co-Editor of Econometrica. He has also served in advisory roles to numerous agencies and professional societies, including the National Research Council and the National Science Foundation.
Sims’ research has laid the foundation for further developments in many important areas of empirical and theoretical macroeconomics. He is one of the pioneers in the use of vector autoregression and generalized method of moments, both of which are now essential econometric tools for understanding the dynamic structure of the macro economy. In theoretical macroeconomics, Sims has contributed to the development of a new approach to price level determination based on the idea that price stability depends on governments running a balanced budget over the business cycle and to the development of a new framework for the analysis of monetary policy issues based on agents who update their information infrequently.