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in spring of 1983, and then at
University of Chicago in 1983–1984. Since 1990, she has been teaching economics at University of Chicago. Aside from teaching, she was a visiting scholar of the Research Department at Federal Reserve Bank of Minneapolis for eight falls in the 2000s. She was awarded the 2021
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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
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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.
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Her recent research is on growth theory, economic dynamics, and fiscal and monetary policy. Her recent work include "Specific
Technical Change, Trade Dynamics, and the Evolution of Skill Premia" and "Monetary Shocks in an Economy with Circulating Capital."
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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.
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between 1996 and 1997. She has been a member of the
American academy of Arts and Sciences since 1993, and a member of the National Academy of Sciences since 2004. She was also a member of the expert panel convened to produce a
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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.
373:. " She has made fundamental contributions in microeconomics, economic theory, finance, and in macroeconomics, with a particular focus on the impact of whether or not economic agents have commitment power."
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since 1990 and focuses particularly on mathematical economics while recently conducting research about Growth Theory, economic dynamics, and fiscal/monetary policy. She earned her BA in economics from the
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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. As well as the author of
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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
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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.
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Stokey has written critically about how the United
Nations allocates funds for international economic development and humanitarian aid.
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on some of the leading scientific/developmental problems of the 21st century. She has held editorial positions with top journals as
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Stokey, N. L. (2001). "A quantitative model of the British industrial revolution, 1780–1850".
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782:"Nancy L. Stokey | University of Chicago Department of Economics | The University of Chicago"
592:"Nancy L. Stokey | University of Chicago Department of Economics | The University of Chicago"
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Frontiers of Research in Economic Theory: The Nancy L. Schwartz Memorial Lectures 1983-1997
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215:(born May 8, 1950) has been the Frederick Henry Prince Distinguished Service Professor of
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that is widely used by research economists and graduate students. Stokey worked with
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523:"A Quantitative Model of the British Industrial Revolution, 1780-1850,"
616:"Interview with Nancy L. Stokey | Federal Reserve Bank of Minneapolis"
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306:(2009) which treats models that involve fixed costs of adjustment.
723:"We must focus on the UN goals that are the best value for money"
542:"Shirtsleeves to Shirtsleeves: The Economics of Social Mobility,"
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488:"Moving Costs, Nondurable Consumption, and Portfolio Choice,"
452:"Wait-and-See: Investment Options under Policy Uncertainty,"
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460:"Wait-and-See: Investment Options under Policy Uncertainty,"
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She was married to Nobel Prize Winner in Economics laureate
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Lomborg, Bjorn; Kydland, Finn; Stokey, Nancy (2016-07-20).
678:"Wait-and-see: Investment options under policy uncertainty"
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The Journal of Economic Growth, Games and Economic Behavior
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Distinguished fellows of the American Economic Association
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Members of the United States National Academy of Sciences
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Stokey, Nancy, Robert Lucas and Edward Prescott (1989).
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506:"Giving Aid Effectively," 2005 Annual Report Issue of
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Carnegie-Rochester Conference Series on Public Policy
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Carnegie-Rochester Conference Series on Public Policy
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Fellows of the American Academy of Arts and Sciences
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514:"'Rules versus Discretion' after Twenty-five Years,"
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http://home.uchicago.edu/~nstokey/stokey-cv0617.pdf
236:. She is a Fellow of the Econometric Society, the
532:"Dynamic Programming with Homogeneous Functions,"
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497:"A Two-Person Game of Information Transmission,"
807:Nancy L. Stokey's Curriculum Vitae (June 2017)
232:in 1978, under the direction of thesis advisor
478:"Introduction to Dynamic General Equilibrium,"
418:: CS1 maint: multiple names: authors list (
822:"Mathematical Sciences Research Institute"
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244:. She previously served as a co editor of
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480:with Edward C. Prescott and Lee Ohanian,
429:"Information, Trade and Common Knowledge"
427:Stokey, Nancy & Paul Milgrom (1982).
69:Learn how and when to remove this message
538:, 82 (September 1998), pp. 167–189.
32:This article includes a list of general
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510:, Federal Reserve Bank of Minneapolis.
392:Recursive Methods in Economic Dynamics
292:Recursive Methods in Economic Dynamics
238:American Academy of Arts and Sciences
955:Journal of Political Economy editors
852:at the University of Chicago website
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930:Fellows of the Econometric Society
38:it lacks sufficient corresponding
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905:University of Pennsylvania alumni
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469:"Catching Up and Falling Behind,"
270:). She is the co-developer, with
915:21st-century American economists
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350:and was a vice-president of the
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758:"American Economic Association"
517:NBER Macroeconomics Annual 2002
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551:"Are There Limits to Growth?,"
371:The Journal of Economic Theory
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900:University of Chicago faculty
663:10.1016/S0167-2231(01)80003-8
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554:International Economic Review
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352:American Economic Association
448:10.1016/0022-0531(82)90046-1
348:National Academy of Sciences
242:National Academy of Sciences
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950:21st-century American women
682:Review of Economic Dynamics
676:Stokey, Nancy (July 2016).
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463:Review of Economic Dynamics
456:, 21 (2016), pp. 246–6
454:Review of Economic Dynamics
10:
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536:Journal of Economic Theory
501:Journal of Economic Theory
491:Journal of Economic Theory
482:Journal of Economic Theory
472:Journal of Economic Growth
436:Journal of Economic Theory
346:Stokey is a member of the
226:University of Pennsylvania
123:University of Pennsylvania
920:American women economists
910:Harvard University alumni
694:10.1016/j.red.2015.06.001
576:(Accessed September 2016)
380:until his death in 2023.
304:The Economics of Inaction
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396:Harvard University Press
262:: 1780–1850," 2001) and
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325:Professional experience
282:. She co-authored with
53:more precise citations.
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620:www.minneapolisfed.org
596:economics.uchicago.edu
574:PROFILE: Nancy Stokey.
180:Mathematical Economics
499:with Jerry R. Green,
260:Industrial Revolution
221:University of Chicago
189:University of Chicago
357:Copenhagen Consensus
280:financial economics
230:Harvard University
213:Nancy Laura Stokey
132:Harvard University
95:Nancy Laura Stokey
16:American economist
405:978-0-674-75096-8
284:Robert Lucas, Jr.
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85:Nancy Stokey
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890:1950 births
688:: 246–265.
342:Memberships
185:Institution
105:May 8, 1950
51:introducing
884:Categories
873:EconPapers
831:2022-05-28
791:2019-04-22
767:2019-03-08
740:2019-02-15
707:2020-11-29
625:2017-01-25
601:2019-03-08
561:References
508:The Region
290:a book on
101:1950-05-08
34:references
735:0261-3077
649:CiteSeerX
442:: 17–27.
414:cite book
332:CME Group
274:, of the
217:Economics
119:Education
850:homepage
702:17885232
240:and the
195:Doctoral
338:Prize.
219:at the
197:advisor
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47:improve
820:MSRI.
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647:: 55.
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254:Author
143:Spouse
36:, but
861:JSTOR
698:S2CID
432:(PDF)
177:Field
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731:ISSN
420:link
400:ISBN
369:and
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