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Topic: Wallace Sargent

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		Wallace's line Wallace's line, imaginary line postulated by A. Wallace as the dividing line between Asian and Australian fauna in the Malay Archipelago.
		Wallace, George Corley Wallace, George Corley, 1919-98, governor of Alabama (1963-67, 1971-79, 1983-87), b.
		Wallace, Alfred Russel Wallace, Alfred Russel, 1823-1913, English naturalist.
	www.encyclopedia.com /searchpool.asp?target=Wallace+Sargent (493 words)

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		Sargent and Wallace (1981) presented an overlapping generations model where a fiscal authority dominates a monetary authority by imposing a deficit stream which must necessarily be financed by the Central Bank or Treasury.
		Sargent and Wallace find that it is possible, under the regime that they describe for tight money to have little effect now, and result in higher inflation later.
		When viewed through the Sargent and Wallace framework discussed here, the evidence from the Confederate Congress and individual State legislatures leads to the conclusion that large scale monetization of debt was an inevitable policy choice for the Treasury.
	www.eh.net /Clio/Publications/confederate.shtml (3456 words)

	Kravchuk: Inflation Dynamics, Stabilization, and Budget Reform
		Sargent and Wallace (1981) explored the "unpleasant arithmetic" of monetarism, arguing that, in an environment of increasing inflation, even short-term financing of government deficits via bonds would be insufficient to contain the inflationary impulse.
		Their model implies that, although tight monetary policy may be able to fight inflation temporarily, it will eventually lead to higher inflation.[21] Such a situation logically results only where monetary policy fully accommodates fiscal laxity.
		The German economist Willem Buiter (1987) contradicts Sargent and Wallace, arguing that runaway inflation under conditions of large and growing budget deficits cannot lead to ever-higher inflation.
	www.huri.harvard.edu /workpaper/kravchuk/inflation.html (1226 words)

	Caltech Press Release, 9/11/2003, Anneila Sargent
		Sargent looks forward to traveling to London for the lecture, which will be held on December 12 at the Royal Astronomical Society's home, the historic Burlington House in Piccadilly.
		Sargent has been a fellow of the RAS for many years, and earned the honorary title of associate in 2001.
		Sargent was selected as the University of Toronto's 2003 Graham Lecturer and the University of Pennsylvania's 2002 Selove Lecturer.
	pr.caltech.edu /media/Press_Releases/PR12428.html (299 words)

	Federal Reserve Bank of Minneapolis Quarterly Review: Money and inflation in colonial Massachusetts. @ HighBeam Research (Site not responding. Last check: 2007-10-09)
		The point of departure for this argument is a relatively recent body of theoretical developments in monetary economics associated with the work of Thomas Sargent (1981) and Neil Wallace (1981).
		Also, Sargent (1981) provides evidence that four European hyperinflations in the 1920s were ended by expedients similar to those employed in colonial Massachusetts.
		However, as Sargent (1981) and Smith (1983a, b) have demonstrated, it is a point which applies quite generally in monetary history.
	www.highbeam.com /library/doc0.asp?DOCID=1G1:95199226&refid=holomed_1 (8739 words)

	Distinguished Cal-Tech astronomer to present public talk
		"Wallace Sargent is an excellent speaker and an outstanding astronomer," said Richard Crutcher, the chair of the astronomy department.
		Sargent is a member of the steering committee for the California Extremely Large Telescope – a proposed instrument with a mirror 30 meters in diameter.
		Among his many honors, Sargent has received the Helen B. Warner Prize of the American Astronomical Society, the Dannie Heineman Prize of the American Astronomical Society and American Institute of Physics, and the Catherine Wolfe Bruce Gold Medal of the Astronomical Society of the Pacific.
	www.news.uiuc.edu /news/02/0401astronomytalk.html (426 words)

	Caltech Press Release, 3/15/2001, Wallace L.W. Sargent, Wallace Sargent
		Sargent has involved many of his students in his work in extragalactic spectroscopy, which produced the first evidence for a fl hole in the galaxy M87.
		Born in Elsham, Lincolnshire, England, Sargent was educated at Manchester University in England, earning his bachelor of science degree in physics in 1956, his master's degree in astrophysics in 1957, and his doctorate in astrophysics in 1959.
		In 1997, Sargent was appointed to the position of director of Palomar Observatory, near San Diego.
	pr.caltech.edu /media/Press_Releases/PR12134.html (334 words)

	Books
		Sargent Abroad : Figures and Landscapes" by Warren Adelson, Donna Seldin Janis, Elaine Kilmurray, Elizabeth Oustinoff, Richard Ormond.
		The rear of the book is exclusively devoted to an album of Sargent's male figure studies from the Harvard collection, printed on cream colored stock (maybe about a fifth or sixth of the book is devoted to the male nudes).
		The quality of the images are very good better, in fact than "Sargent Abroad" (which is good) but there is less of them.
	www.jssgallery.org /Resources/Books.htm (1502 words)

	ISU Economics - Publications
		Sargent and Wallace (1981) produced conditions under which bond finance leads to a higher rate of inflation than deficit monetization ("unpleasant monetarist arithmetic'').
		However, it has been argued that unpleasant arithmetic is unlikely to obtain in practice, as it requires a number of conditions to hold that are rarely satisfied empirically.
		We develop a model essentially identical to that of Sargent and Wallace, and modify it to allow for a simple type of financial intermediation that they exogenously precluded.
	www.econ.iastate.edu /research/publications/viewabstract.asp?pid=5084 (182 words)

	Sargent
		Sargent is a city located in Custer County, Nebraska.
		Out of the total people living in poverty, 23.3% are under the age of 18 and 7.4% are 65 or older.
		"Sargent" is used about 73 times out of a sample of 100 million words spoken or written in English.
	www.websters-online-dictionary.org /definition/english/Sa/Sargent.html (1025 words)

	Wallace Sargent Bibliography
		The Oxygen-Abundance Anomaly,” Ap.J. Sargent, Wallace L.W. “The Atmospheres of the Magnetic and Metallic-Line Stars,” Ann.
		Young, Peter J., Wallace L.W. Sargent, Jerome Kristian, & James A. Westphal, “CCD Photometry of the Nuclei of Three Supergiant Elliptical Galaxies: Evidence for a Supermassive Object in the Center of the Radio Galaxy NGC 6251,” Ap.J. Filippenko, Alexei V. & Wallace L.W. Sargent, “A Search for ‘Dwarf’ Seyfert 1 Nuclei.
		Sargent, W.L.W., “Evolution of Largescale Structure in the Universe,” (George Darwin Lecture, 1987),” Observatory 107, 235-38 (1987).
	www.phys-astro.sonoma.edu /BruceMedalists/Sargent/SargentRefs.html (505 words)

	3rd Quarter 1999 - Economic and Financial Review - FRB Dallas
		Sargent and Wallace (1981) study the feasibility of a bond-financed increase in government spending.
		In their "unpleasant monetarist arithmetic," Sargent and Wallace show how using bonds to finance a permanent deficit today may necessitate faster money growth in the future, yielding higher inflation today.
		The logic behind this spectacular result is predicated on the satisfaction of one crucial condition: the real interest rate offered on bonds has to exceed the real growth rate of the economy.
	www.dallasfed.org /research/efr/1999/efr9903.html (517 words)

	Literature on Some Unpleasant Monetarist Arithmetic
		The popular rationalexpectations model of 'Unpleasant Monetarist Arithmetic' of Sargent and Wallace yields ambiguouspredictions concerning the response of inflation to an increase in the fundamental deficit.
		Abstract 1: The celebrated monetarist arithmetic argument of Sargent and Wallace implies outcomes that may be large and unpleasant.
		Sargent and N. Wallace (1981) produced conditions under which the answer was negative ('unpleasant monetarist arithmetic').
	law.ankara.edu.tr /~kibritci/sargewall.html (1605 words)

	Thomas J. Sargent at IDEAS
		Thomas Sargent & Noah Williams & Tao Zha, 2004.
		Sargent, Thomas J & Velde, Francois R, 1999.
		Sargent, Thomas J & Velde, Francois R, 1995.
	ideas.repec.org /e/psa83.html (4580 words)

	Articles - Wallace L. W. Sargent (Site not responding. Last check: 2007-10-09)
		Wallace Leslie William Sargent (February 15, 1935 â€“) is an American astronomer.
		Sargent is known for his studies of quasar absorption lines.
		He is married to fellow Caltech astronomer Anneila Sargent.
	www.poncier.com /articles/Wallace_Leslie_William_Sargent (69 words)

	Burntisland, Fife - Anneila Sargent
		Wallace, too, is a distinguished astronomer at the California Institute of Technology; and a native of Lincolnshire and self-confessed supporter of Scunthorpe United.
		When they find the time, Anneila and Wallace like to travel; and they enjoy hiking and visits to the opera.
		I’d like to record my thanks to Anneila Sargent for giving me some of her precious time in Burntisland; to Helen Mabon and Morag Smith for their help; and to John Burnett for suggesting the idea of an article to me in the first place.
	www.burntisland.net /sargent.htm (1320 words)

	Wallace L. W. Sargent -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-09)
		Wallace L. Sargent -- Facts, Info, and Encyclopedia article
		Wallace Leslie William Sargent (February 15 1935 –) is an (A native or inhabitant of the United States) American (A physicist who studies astronomy) astronomer.
		He won the (additional info and facts about Bruce Medal) Bruce Medal in 1994 and the (additional info and facts about Henry Norris Russell Lectureship) Henry Norris Russell Lectureship in 2001.
	www.absoluteastronomy.com /encyclopedia/w/wa/wallace_l._w._sargent.htm (65 words)

	Backed Money, Fiat Money, and the Real Bills Doctrine
		Empirical studies by Sargent (1982), Smith (1985), Calomiris (1988), Siklos (1990), Bomberger and Makinen (91), and Cunningham (1992) have found that the value of money is more accurately predicted by a Real-Bills type "Backing Theory" than by the Quantity Theory.
		Sargent (1981) has observed that inflation abates when a subservient central bank becomes independent, but his interpretation is that independence allows the central bank to restrain the growth of the money supply.
		Wallace, Neil, "The Overlapping Generations Model of Fiat Money", in John H. Kareken and Neil Wallace (eds.), Models of Monetary Economies, Minneapolis: Federal Reserve Bank of Minneapolis, 1980, pp.
	www.csun.edu /~hceco008/rbd1197.htm (6904 words)

	WAC Faculty Resources
		M. Elizabeth Sargent Wallace's article neatly summarizes some useful pedagogical advice for those of us who occasionally ask students to transform their thoughts into writing.
		Wallace begins with an excerpt from a paper submitted by a freshman in one of her composition classes:
		As Wallace reconsiders the different writing voices revealed by these two texts, each written by the same student in the same month, she shares ten reminders about writing assignments--and how we can best respond to them. --Bob Marrs
	www.public.coe.edu /wac/IS86.htm (540 words)

	WMU News (Site not responding. Last check: 2007-10-09)
		As the band launches into the disc's opening track "it's evident that this band boasts chops aplenty in both the ensemble department and the solo department," the review states.
		Wallace, who is from Eaton Rapids, Mich., earned a master's degree from WMU in April 2001, while Bullard, who is from Fresno, Calif., graduated from WMU in April 2002 and is attending graduate school in California.
		Sargent, who is from Barre, Vt., still attends WMU.
	www.wmich.edu /wmu/news/2002/0210/0203-085.html (190 words)

	The Bruce Medalists: Wallace Sargent
		Wal Sargent was the first person from his high school to attend a university.
		He studied fluid mechanics at the University of Manchester, but with an eye toward applying it to theoretical problems in astrophysics.
		Sargent, Wallace, interview with Alan Lightman, in Lightman, Alan & Roberta Brawer, Origins: The Lives and Worlds of Modern Cosmologists (Harvard Univ. Press, Cambridge, UK, 1990), pp.
	phys-astro.sonoma.edu /BruceMedalists/Sargent (231 words)

	Amazon.com: Gilbert & Sullivan: The Mikado: Music (Site not responding. Last check: 2007-10-09)
		Sir Malcolm Sargent, engaged for a similar recording venture 30 years earlier, was again engaged as conductor.
		Sargent's tempos tend to be slower than is customary, but are never leaden-footed.
		Sargent's slow tempi is definitely the cause, for while he has had an affinity with the music, he conducts it far too slowly, which akes all the fun, humour and wit out of GandS.
	www.amazon.com /exec/obidos/tg/detail/-/B000002S3U?v=glance (2409 words)

	Simeon
		Cynthia Sargent Jones is buried in the Mt. Pleasant Cemetery, Bloomfield Twp., Crawford County, Pennsylvania.
		Nancy Maria Sargent Hunt is buried at Green Ridge Cemetery, Bay City, Michigan.
		She was the only child of Simeon B. Sargent and Caty Westfall; all of the other children were adopted.
	homepages.rootsweb.com /~ahopkins/building/simeon.htm (235 words)

	Caltech Press Release, 5/3/2005, Dr. Richard Andersen, Dr. Roger Blandford, Dr. James A. Eisenstein, Dr. Jim ...
		The election was announced during the 142nd annual meeting of the Academy in Washington, D.C. Caltech's newest members are Richard Andersen, the Boswell Professor of Neuroscience; James Eisenstein, the Roshek Professor of Physics; and Wallace Sargent, the Bowen Professor of Astronomy.
		His most significant research accomplishment in the last year has been his demonstration that unusual particles known as "excitons" can inhabit solid semiconductor materials in such a way that each exciton loses its individual identity and, in certain ways, a large collection of excitons becomes a single quantum entity.
		Sargent is particularly well-known in the astrophysical community for his work in spectroscopy.
	pr.caltech.edu /media/Press_Releases/PR12687.html (561 words)

	Wallace L. W. Sargent - Encyclopedia, History, Geography and Biography
		Wallace L. Sargent - Encyclopedia, History, Geography and Biography
		This page was last modified 17:38, 28 Jan 2005.
		This encyclopedia, history, geography and biography article about Wallace L. Sargent contains research on
	www.arikah.net /encyclopedia/Wal_Sargent (83 words)

	Sargent & Wallace confirm the same result with RE (Site not responding. Last check: 2007-10-09)
		Sargent & Wallace confirm the same result with RE Slide 8 of 29
		Sargent & Wallace confirm the same result with RE Should the monetary authorities use the interest rate or the money supply as its instrument of control?
		If R is the control variable, there is not.
	www.cf.ac.uk /carbs/econ/matthewsk/powerpoint/lecture7/sld008.htm (80 words)

	mary wallace - ResearchIndex document query
		Sargent, Thomas J. and Neil Wallace (1983)A Model of Commodity Money'Journal of
		considered in x2, and an interesting new class of "Wallace" generators [40] is considered in x3.
		According to Klahr and Wallace (Klahr and Wallace, 1976)a ipattern
	citeseer.ist.psu.edu /cis?q=Mary+Wallace (796 words)

	Some Not-So-Unpleasant Monetarist Arithmetic (SMEALSearch) - Pal,Rangaswamy,Giles,Debnath (Site not responding. Last check: 2007-10-09)
		this article is the well-known and controversial work of Sargent and Wallace (1981), who show the potential importance of the government's budget constraint for the behavior of nominal vari- ables.
		The government's lifetime budget constraint can place restrictions on the behavior of future money growth and thus influence current economic magnitudes through expectational channels.
		Some of Sargent and Wallace's results are indeed striking, and indicate that tight monetary policy can lead to the unpleasant outcome of both higher expected inflation and a higher price level.
	gunther.smeal.psu.edu /25560.html (225 words)

	In This Issue (Site not responding. Last check: 2007-10-09)
		Darby’s evidence on average rates of real growth and real interest was taken from a time when budget policy kept the deficit net-of-interest close to zero.
		But in the context of more general models, his evidence is insufficient to predict whether or not monetary accommodation will be necessary when budget policy is changed to one of permanent deficits.
		Based on their interpretation of the data, Miller and Sargent conclude that Sargent-Wallace’s unpleasant arithmetic may be the right one in present circumstances.
	woodrow.mpls.frb.fed.us /research/qr/it82.HTML (460 words)

	Angry Bear (Site not responding. Last check: 2007-10-09)
		He poses the question initially in a manner similar to how Thomas Sargent and Neil Wallace posed the government deficit issue back in 1981.
		Updating the Sargent and Wallace Unpleasant Monetarist Arithmetic model to today’s General Fund deficit issue let the debt to GDP ratio be 70% and the current non-interest surplus (s) be negative 3%.
		The present value condition is simply that s must be increased so that s/(r — g) = debt/GDP, where r = the real interest rate and g = the steady state growth rate for real GDP, if the debt/GDP ratio is not to increase.
	angrybear.blogspot.com /2005/05/pleasant-current-account-arithmetic-or.html (363 words)

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