Sargent was awarded the Nobel Prize (shared with Princeton University’s Christopher Sims) for his empirical research on cause and effect in the macroeconomy. He has authored several books and is a past president of the Econometric Society, the American Economic Association and the Society for Economic Dynamics. He was elected a fellow of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences in 1983. He earned his B.A. degree from the University of California, Berkley in 1964, and his Ph.D. degree from Harvard University in 1968. He is currently a Professor of Economics at the New York and Princeton Universities. Major works: "Macroeconomic theory" (1979), "Dynamic macroeconomic theory" (1987).