Department of Economics
William H. Sewell Social Science Building,
Room 7434
1180 Observatory Drive
Madison, WI 53706-1393
(608) 263-3864
e-mail:
nwilliam@ssc.wisc.edu
NEW:
Research: Publications | Working Papers | CV |
Teaching (outdated/ now transitioned to Canvas) : Econ 702 | | Econ 810 |Escaping Nash Inflation
with In-Koo Cho and Thomas J. Sargent.
Review of Economic Studies, 69(1): 1-40, January 2002.
ReStud Home Page
Robustness and Pricing with Uncertain Growth
with Marco Cagetti, Lars Peter Hansen, and Thomas J. Sargent.
Review of Financial Studies, 15(2): 363-404, March 2002.
RFS
Link
Modeling Model Uncertainty*
with Alexei Onatski.
Journal of the European Economic Assocation, 1(5):
1087-1022, September 2003.
Full Paper: PDF
Also released as: NBER Working Paper No.
w9566
Small Noise Asymptotics for a Stochastic Growth Model*
Journal of Economic Theory, 119(2): 271-298, December 2004.
Working paper version: PDF
Also released as: NBER Working Paper No.
w10194
Impacts of Priors on Convergence and Escape from Nash
Inflation*
with Thomas J. Sargent.
Review of Economic Dynamics, 8(2): 360-391, March 2005.
Working paper version: PDF
Monetary Policy Under Uncertainty in Micro-Founded
Macroeconometric Models*
with Andrew Levin, Alexei Onatski, and John Williams
in NBER Macroeconomics Annual 2005, M. Gertler and K.
Rogoff, eds. MIT Press, Cambridge, pp. 229-287, 2006.
Full paper: PDF
Robust Control and Model Misspecification
with Lars Peter Hansen, Thomas J. Sargent, and Gauhar A.
Turmuhambetova.
Journal of Economic Theory,128(1): 45-90, May 2006.
Full Paper: PDF
Shocks and Government Beliefs: The Rise and Fall of American
Inflation*
with Thomas J. Sargent and Tao Zha.
American Economic Review, 96(4): 1193-1224, September 2006.
Full Paper: PDF
Earlier version released as: NBER Working Paper No.
w10764
Robust Control ^
An Entry for the New Palgrave, 2nd Edition.
Latest Version: February 2007.
Full Paper: PDF
Optimal Monetary Policy Under
Uncertainty: A Markov Jump-Linear-Quadratic Approach
with Lars E.O. Svensson.
Federal Reserve Bank of St. Louis Review, July/August
2008, 90(4), pp. 275-293.
Full Paper: PDF
The Conquest of South American
Inflation*
with Thomas J. Sargent and Tao Zha.
Journal of Political Economy, 117(2), 211-256, April 2009.
Published version (at UC Press site):
PDF Working paper version: PDF
Empirical and Policy
Performance of a Forward-Looking Monetary Model*
with Alexei Onatski
Journal of Applied Econometrics,
25(1), 145-176, January/February 2010
Published version: Here.
Working paper version: PDF
Generalized Stochastic Gradient
Learning
with George W. Evans and Seppo Honkapohja.
International Economic Review, 51(1): 237-262, February
2010.
Working paper version: PDF
Persistent Private Information ^
Econometrica, 79(4):
1233-1274, July 2011.
Working paper version: PDF
Monetary Policy under Financial Uncertainty
Journal of Monetary
Economics, 59
(5): 449-465, July 2012.
Working paper version: PDF
Bayesian Model Averaging,
Learning and Model Selection
with George W. Evans, Seppo Honkapohja, and Thomas J. Sargent.
in Macroeconomics at
the Service of Public Policy, T. Sargent and J. Vilmunen,
eds., Oxford University Press, pp. 99-119, 2013.
Working paper version: PDF
A Solvable
Continuous Time Dynamic Principal Agent Model#
Journal of Economic Theory, 159: 989-1015, September
2015.
Working paper version: PDF
Escape Dynamics in Learning Models*
Review of Economic Studies, 86: 882-912, March 2019.
Working paper version: PDF
State-Level Implications of Federal Tax
Policies**
with Chang Liu.
Journal of Monetary Economics, 105: 75-90, August 2019.
Working paper version: PDF
Optimal Contracts with Hidden Risk#
with Rui Li.
Latest Version: January 2022.
Full Paper: PDF
Optimal Unemployment Insurance and Cyclical
Fluctuations#
with Rui Li.
Latest Version: January 2022.
Full Paper: PDF
Stochastic Stability in Discounted Stochastic Fictitious Play
Latest Version: January 2018.
Full Paper: PDF
Financial Instability via Adaptive Learning
Latest Version: January 2015
Full Paper: PDF
On Dynamic Principal-Agent Problems in
Continuous Time^
Latest Version: September 2008.
Full Paper: PDF
Monetary Policy with Model
Uncertainty: Distribution Foreacast Targeting^
with Lars E.O. Svensson
Latest Version: May 2007.
Full paper: PDF
Programs to analyze optimal
policy
Bayesian and Adaptive Optimal
Policy Under Model Uncertainty^
with Lars E.O. Svensson
Latest Version: September 2007.
Full paper: PDF
Optimal Monetary Policy under
Uncertainty in DSGE Models:
A Markov Jump-Linear-Quadratic Approach^
with Lars E.O. Svensson
Latest Version: March 2008.
Full paper: PDF
Video of presentation: (requires
Internet Explorer) At
Bank
of Korea
Adaptive Learning and Business Cycles*
Latest Version: January 1, 2003. Preliminary.
Abstract Full Paper: PDF
Notes on Large Deviations in Economics and Finance
Latest Version: April 19, 2004
Seminar/Discussion Slides: PDF
Items
marked * are based upon work supported by the National Science
Foundation under Grant No. 0317848.
Items marked ^ are based upon work supported by the National
Science Foundation under Grant No. 0550564.
Items marked # are based upon work supported by the National
Science Foundation under Grant No. 1326951.
Items marked ** are based upon work supported by the National
Science Foundation under Grant No. 1559385.