Thomas J. Sargent joined New York University as the first W.R. Berkley Professor in September 2002. He was awarded the 2011 Nobel Prize in Economics, shared with Princeton University's Christopher Sims, for his empirical research on cause and effect in the macroeconomy. Professor Sargent was a professor of economics at the University of Minnesota (1975- 87), the David Rockefeller Professor at the University of Chicago (1992- 98), and the Donald Lucas Professor of Economics at Stanford University (1998- 2002). He has been a senior fellow at the Hoover Institution since 1987. He earned his Ph.D. from Harvard University and was a first lieutenant and captain in the US Army. He was elected a fellow of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences. He is past president of the Econometric Society, the American Economic Association, and the Society for Economic Dynamics. Among his books is 'Robustness' (with L. P. Hansen, Princeton University Press, 2008).
Jouko Vilmunen is Head of Research at the Bank of Finland. He joined the Bank in 1988, after working as a lecturer in the Department of Economics at the University of Helsinki. Dr Vilmunen gained his PhD in 1992, after which he entered the research department of the Bank of Finland as a research supervisor. In 1994, he joined the European Commission as a national expert. In addition to his position at the Bank of Finland, Dr Vilmunen also gives lectures at universities and business schools, including lectures on monetary policy at the University of Helsinki, and open economy macroeconomics at the School of Business, Aalto University.