Nancy Stokey

Nancy Stokey
Born (1950-05-08) May 8, 1950 (age 71)
United States
Spouse(s)Robert Lucas
InstitutionUniversity of Chicago
FieldMathematical Economics
Alma materHarvard University (PhD)
University of Pennsylvania (BA)
Doctoral
advisor		Kenneth Arrow[1]

Nancy Laura Stokey (born May 8, 1950) is the Frederick Henry Prince Distinguished Service Professor of Economics at the University of Chicago since 1990 and focuses particularly on mathematical economics while recently conducting research about Growth Theory, economic dynamics, and fiscal/monetary policy.[2][3] She earned her BA in economics from the University of Pennsylvania in 1972 and her PhD from Harvard University in 1978, under the direction of thesis advisor Kenneth Arrow. She is a Fellow of the Econometric Society, the American Academy of Arts and Sciences and the National Academy of Sciences. She previously served as a co editor of Econometrica and was a member of the Expert Panel of the Copenhagen Consensus. She received her Honorary Doctor of Laws (L.L.D) in 2012 from the University of Western Ontario.[2] Much of her work has been done by digesting economic dynamics, which most of this work is done as an expositor.[4] She spent a great deal of time recently researching growth theory, economic dynamics, as well as fiscal and monetary policy.[4]

Author

Stokey has published significant research in the areas of economic growth and development, as well as papers on economic history ("A Quantitative Model of the British Industrial Revolution: 1780–1850," 2001)[5] and optimal control ("Dynamic Programming with Homogeneous Functions," 1998, co-authored with Fernando Alvarez). She is the co-developer, with Paul Milgrom, of the no-trade theorem, a counter-intuitive development of the premises of financial economics. She co-authored with Robert Lucas, Jr. and Edward Prescott a book on Recursive Methods in Economic Dynamics that is widely used by research economists and graduate students. Stokey worked with Paul Milgrom to publish "Information, Trade, and Common Knowledge" (1982), which established that information-based trade is not possible for rational agents with common knowledge. This work contributed to be one of the pillars of modern finance.

Stokey has also written articles that explain the "wait and see model", which describes investment decisions that firms who face a one-time tax policy will endure.[6] As well as the author of The Economics of Inaction (2009) which treats models that involve fixed costs of adjustment.

Stokey has written critically about how the United Nations allocates funds for international economic development and humanitarian aid.[7]

Stokey coauthored "Optimal Monetary and Fiscal Policy" which was one of the first papers to examine the time consistency of macroeconomic policy and to demonstrate the importance of central banks following rules.[4]

Her recent research is on growth theory, economic dynamics, and fiscal and monetary policy.[8] Her recent work include "Specific Technical Change, Trade Dynamics, and the Evolution of Skill Premia" and "Monetary Shocks in an Economy with Circulating Capital."[9]

She is currently working on "Technology, Skill, and Long-Run Growth" (June 2017), "Technology, Skill, and the Wage Structure" (June 2017), "The Race Between Technology and The Human Capital" (2014), and "Liquidity Crises: Understanding Sources and Limiting Consequences" with Robert E. Lucas Jr.

Professional Experience

Stokey has taught and worked in various institutions. She was an economics professor at Northwestern University since 1978, from assistant professor to department chairman in 1987. She also taught economics as a visiting lecturer at Harvard University in the fall of 1982, at University of Minnesota in spring of 1983, and then at University of Chicago in 1983-1984. Since 1990 until 2020, she has been teaching Economics at University of Chicago as she has decided to take leave of absence during the future 2021 Winter/Spring semesters at the University of Chicago and her decision to instruct after this period remains unknown.[2] Aside from teaching, she was a visiting scholar of the Research Department at Federal Reserve Bank of Minneapolis for eight falls in the 2000s.[9]

멤버십

스토키는 미국국립과학아카데미 회원이며 1996-1997년 미국경제학회 부회장으로 재직했다. 그녀는 1993년부터 미국 예술 과학 아카데미의 회원이었고, 2004년부터는 국립 과학 아카데미의 회원이었습니다. 그녀는 또한 21세기의 주요 과학/개발 문제에 대한 코펜하겐 컨센서스를 생산하기 위해 소집된 전문가 패널의 일원이기도 했다. 그녀는 경제 성장, 게임 및 경제 행동 저널, 경제 이론 저널 등 최고의 저널과 함께 논설위원직을 맡아왔다. "그녀는 특히 경제주체에게 약속의 힘이 있느냐 없느냐의 영향에 초점을 맞추어 미시경제학, 경제 이론, 금융학, 거시경제학 분야에서 근본적인 기여를 했다."[4]

그녀는 노벨 경제학상 수상자인 로버트 루카스 주니어와 결혼했다.

출판물

  • Stokey, Nancy, Robert Lucas and Edward Prescott (1989). Recursive Methods in Economic Dynamics. Harvard University Press. ISBN 978-0-674-75096-8.CS1 maint: 여러 이름: 작성자 목록(링크)
  • Stokey, Nancy & Paul Milgrom (1982). "Information, Trade and Common Knowledge" (PDF). Journal of Economic Theory. 26: 17–27. doi:10.1016/0022-0531(82)90046-1."정책 불확실성 하에서 기다리는: 투자 옵션," 경제 역학 검토, 21 (2016), 페이지 246–6
  • "정책 불확실성에 따른 투자 옵션", 경제 역학 검토, 21 (2016), 페이지 246–65.
  • "취득과 뒤처짐," 경제 성장 저널 20(2015), 페이지 1~36.
  • Edward C와 함께 "Dynamic General Balance 소개". 프레스콧과 리 오아니언 경제이론 저널, 144 (6) (2009), 페이지 2235–46.
  • "이동 비용, 비내구적 소비 및 포트폴리오 선택," 경제 이론 저널 144 (6) (2009), 페이지 2419–39.
  • 제리 R과 함께 하는 "2인칭 정보 전송 게임" 그린, 2007년 7월 경제 이론 저널 90–104페이지.
  • " 효과적으로 원조하기," 2005년 미니애폴리스 연방준비은행 지역 연차보고서 발행
  • 25년 후의 "규칙 대 재량" NBER 거시경제학 2002년, 페이지 9–45.
  • "영국 산업 혁명의 양적 모델, 1780-1850," 공공 정책에 관한 카네기-로체스터 컨퍼런스 시리즈, 55 (2001), 페이지 55–109.
  • 페르난도 알바레즈 경제 이론 저널 82 (1998년 9월), 페이지 167–189와 함께 하는 "동일한 기능을 가진 동적 프로그래밍".
  • "셔츠리브 투 셔츠리브: 사회적 이동성의 경제," 경제 이론 연구 프런티어: 낸시 L. 슈워츠 기념 강의 1983-1997, D. 제이콥스, E. 칼라이, M. 카미엔, 에드, 캠브리지 대학 출판부, 1998.
  • "성장에 한계가 있는가?" 39(1998년 2월), 1~31페이지의 국제 경제 리뷰.

참조

  1. ^ 낸시 스토키(2016년 9월 접속)
  2. ^ a b c "Nancy L. Stokey University of Chicago Department of Economics The University of Chicago". economics.uchicago.edu. Retrieved 2019-03-08.
  3. ^ "Interview with Nancy L. Stokey Federal Reserve Bank of Minneapolis". www.minneapolisfed.org. Retrieved 2017-01-25.
  4. ^ a b c d "American Economic Association". www.aeaweb.org. Retrieved 2019-03-08.
  5. ^ Stokey, N. L. (2001). "A quantitative model of the British industrial revolution, 1780–1850". Carnegie-Rochester Conference Series on Public Policy. 55: 55. CiteSeerX 10.1.1.32.3641. doi:10.1016/S0167-2231(01)80003-8.
  6. ^ Stokey, Nancy (July 2016). "Wait-and-see: Investment options under policy uncertainty". Review of Economic Dynamics. 21: 246–265. doi:10.1016/j.red.2015.06.001. S2CID 17885232. Retrieved 2020-11-29.
  7. ^ Lomborg, Bjorn; Kydland, Finn; Stokey, Nancy (2016-07-20). "We must focus on the UN goals that are the best value for money". The Guardian. ISSN 0261-3077. Retrieved 2019-02-15.
  8. ^ "Nancy L. Stokey University of Chicago Department of Economics The University of Chicago". economics.uchicago.edu. Retrieved 2019-04-22.
  9. ^ a b 낸시 L. 스토키의 커리큘럼 비테(2017년 6월) http://home.uchicago.edu/~nstokey/stokey--0617.pdf

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