Christopher Albert Sims
Američan Christopher Albert Sims spatřil světlo světa 21. října 1942 a místem jeho narození byl Washington, D.C.
A.B. v oboru matematika získal na Harvard University, odkud má také Ph.D. v ekonomických vědách, získaný roku 1968.
Na Harvard University působil také jako přednášející, učil na University of Minnesota, Yale University a v současnosti je profesorem ekonomie a bankovnictví na Princeton University ve státě New Jersey a zabývá se zejména ekonometrií.
Teorie Thomase J. Sargenta, spoludržitele „Nobelovy ceny za ekonomii“ za rok 2011, které jsou známé jako teorie racionálního očekávání, doplnil Ch. A. Sims o precizně propracovanou ekonometriku, zejména o metodu vektorové autoregrese v empirické makroekonomii. Toho lze využít k analýze dopadů dočasných změn v ekonomické politice a tento postup byl aplikován např. na určení dopadů zvýšení úrokové sazby, určované centrálními bankami.
Christopher A. Sims je od roku 1989 členem National Academy of Sciences, od roku 1988 členem American Academy of Arts and Sciences. Za zmínku také stojí, že v roce 1995 byl zvolen prezidentem Econometric Society.
Je také členem redakčních rad několika odborných časopisů, např. Journal of Business and Economic Statistics, aj.
Sims je řazen mezi tzv. nové klasické makroekonomy, byl jedním z těch, kteří využívali metody vektorové autoregrese v empirické makroekonomii, dobře odhadující dopady různých hospodářských politik státu na reálnou ekonomiku, a pomáhal kromě toho vytvářet fiskální teorii cenové hladiny, založenou na tom, že rozpočtová politika v zemi má přímý dopad na tvorbu cen. Je jedním z otců teorie racionálního očekávání, která se na jednotlivce dívá jako na přemýšlivé stratégy, regulující své osobní postoje a chování dle predikce budoucího vývoje.
V dnešní době je příznačné, že Sims byl také jedním z prvních fundovaných kritiků zavádění eura jako společné měny v zemích EU – viz „Vratké fiskální základy Evropské měnové unie“ (The precarious fiscal foundations of EMU) – a ve svém textu z roku 1999 zpochybnil i nezávislost Evropské centrální banky.
Obecně se dá říci, že se Sims staví proti jakýmkoli přehnaným zásahům státu do ekonomiky země a nepodporuje finanční injekce do ekonomiky v době krize a řadí se k těm osobnostem, které tzv. jdou proti proudu.
Christopher Sims je ženatý, za manželku má Cathie Sims, se kterou vychovali tři děti – Bena, Jody a Nancy.
Knihy
Advances in Econometrics: Sixth World Congress. Vol. II. Edited by C. A. Sims. Cambridge: Cambridge University Press, 1996.
Advances in Econometrics: Sixth World Congress. Vol. I. Edited by C. A. Sims. Cambridge: Cambridge University Press, 1996.
Advances in Econometrics. Edited by C. A. Sims. Cambridge: Cambridge University Press, 1994.
Články
SIMS, C. A. Stepping on a rake: The role of fiscal policy in the inflation of the 1970s. European Economic Review, Jan. 2011, vol. 55, no. 1, p. 48 – 56.
SIMS, C. A. But economics is not an experimental science. Journal of Economic Perspectives, Spring 2010, vol. 24, no. 2, p. 59 – 68.
SIMS, C. A. Commentary: Commentary on policy at the zero lower bound. International Journal of Central Banking, March 2010, vol. 6, no. 1, p. 205 – 213.
SIMS, C. A. The impact of no child left behind on students, teachers, and schools: Comment. Brooking Papers on Economic Activity, Fall 2010, p. 253 – 257.
SIMS, C. A. Comment. Journal of Business & Economic Statistics, March 2007, vol. 96, no. 1, p. 54 – 81.
SIMS, C. A. Thinking about instrumental variables. Quantile, March 2007, no. 2, p. 83 – 94.
SIMS, C. A. Rational inattention: beyond the linear-quadratic case. American Economic Review, May 2006, vol. 96, no. 2, p. 158 – 163.
SIMS, C. A. Commentary on „Trends in hours, balanced growth, and the role of technology in the business cycle“. Review, Federal Reserve Bank of St. Louis, July 2005, p. 487 – 492.
SIMS, C. A. Econometrics for policy analysis: progress and regress. De Economist, 2004, vol. 152, no. 2, p. 167 – 175.
SIMS, C. A. Implications of rational inattention. Journal of Monetary Economics, Apr. 2003, vol. 50, no. 3, p. 665 – 690.
SIMS, C. A. Iterative and recursive estimation in structural nonadaptive models: comment. Journal of Business & Economic Statistics, Oct. 2003, vol. 21, no. 4, p. 500 – 503.
SIMS, C. A. The role of models and probabilities in the monetary policy process. Brookings Papers on Economic Activity, 2002, vol. 33, no. 2, p. 1 – 62.
SIMS, C. A. Solving linear rational expectation models. Computational Economics, Oct. 2002, vol. 20, no. 1-2, p. 1 – 20.
SIMS, C. A. Pitfalls of a minimax approach to model uncertainty. American Economic Review, May 2001, vol. 91, no. 2, p. 51 – 54.
SIMS, C. A. A review of monetary policy rules. Journal of Economic Literature, June 2001, vol. 39, no. 2, p. 562 – 566.
SIMS, C. A. Comment on Three lessons for monetary policy in a low-inflation era. Journal of Money, Credit and Banking, Nov. 2000, vol. 32, no. 4, p. 967 – 972.
SIMS, C. A. Using a likelihood perspective to sharpen econometric discourse: Three examples. Journal of Econometrics, Apr. 2000, vol. 95, no. 2, p. 443 – 462.
SIMS, C. A. Comment on Glenn Rudebusch’s „Do measures of monetary policy in a VAR make sense?“ International Economic Review, Nov. 1998, vol. 39, no. 4, p. 933 – 941.
SIMS, C. A. Econometric implications of the government budget constraint. Journal of Econometrics, 1998, vol. 83, no. 1-2, p. 9 – 19.
SIMS, C. A. Stickiness. Carnegie-Rochester Conference Series on Public Policy, Dec. 1998, vol. 49, no. 1, p. 317 – 356.
SIMS, C. A. Macroeconomics and methodology. Journal of Economic Perspectives, Winter 1996, vol. 10, no. 1, p. 105 – 120.
LEEPER, E. M., SIMS, C. A., ZHA, T. What does monetary policy do? Brookings Papers on Economic Activity, 1996, vol. 27, no. 2, p. 1 – 78.
SIMS, C. A. A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy. Economic Theory, 1994, vol. 4, no. 3, p. 381 – 399.
SIMS, C. A. Empirical analysis of macroeconomic time series: VAR and structural models: by Michael P. Clements and Grayham E. Mizon. European Economic Review, May 1991, vol. 35, no. 4, p. 922 – 932.
SIMS, C. A. To critize the critics: comment. Journal of Applied Econometrics, Oct.-Dec. 1991, vol. 6, no. 4, p. 423 – 434.
SIMS, C. A., STOCK, J. H., WATSON, M. Inference in linear time series models with some unit roots. Econometrica, Jan. 1990, vol. 58, no. 1, p. 113 – 144.
SIMS, C. A. Solving the stochastic growth model by backsolving with a particular nonlinear form for the decision rule. Journal of Business & Economic Statistics, Jan. 1990, vol. 8, no. 1, p. 45 – 47.
SIMS, C. A. Uncertainty across models. American Economic Review, May 1988, vol. 78, no. 2, p. 163 – 167.
SIMS, C. A. Vector autoregression and reality: comment. Journal of Business & Economic Statistics, Oct. 1987, vol. 5, no. 4, p. 443 – 449.
SIMS, C. A. Are forecasting models usable for policy analysis? Quarterly Review, Federal Reserve Bank of Minneapolis, Winter 1986, p. 2 – 16.
SIMS, C. A. Comment on „Issues involved with the seasonal adjustment of economic time series. Journal of Business & Economic Statistics, Jan. 1985, vol. 3, no. 1, p. 92 – 94.
SIMS, C. A. Is there a monetary business cycle? American Economic Review, May 1983, vol. 73, no. 2, p. 228 – 233.
HAYASHI, F., SIMS, C. A. Nearly efficient estimation of time series models with predetermined, but not exogenous, instruments. Econometrica, May 1983, vol. 51, no. 3, p. 783 – 798.
SIMS, C. A. Policy analysis with econometric models. Brookings Papers on Economic Activity, May 1982, vol. 13, no. 1, p. 107 – 164.
SIMS, C. A. Current monetary policy research at the Federal Reserve Board: discussion. Journal of Finance, May 1981, vol. 36, no. 2, p. 515 – 517.
SIMS, C. A. What kind of science is economics? A review article on Causality in economics by John R. Hicks. Journal of Political Economy, June 1981, vol. 89, no. 3, p. 578 – 583.
SIMS, C. A. Macroeconomics and reality. Econometrica, Jan. 1980, vol. 48, no. 1, p. 1 – 48.
SIMS, C. A. A comment on the papers by Zellner and Schwert. Carnegie-Rochester Conference Series on Public Policy, Jan. 1979, vol. 10, no. 1, p. 103 – 108.
SIMS, C. A. Output and labor input in manufacturing. Brookings Papers on Economic Activity, 1974, vol. 5, no. 3, p. 695 – 736.
SIMS, C. A. Money, income, and causality. American Economic Review, Sept. 1972, vol. 62, no. 4, p. 540 – 552.
SIMS, C. A. Discrete approximation to continuous time distributed lags in econometrics. Econometrica, May 1971, vol. 39, no. 3, p. 204 – 205.
SIMS, C. A. Linear regression with non-normal error terms: A comment. The Review of Economics and Statistics, May 1971, vol. 53, no. 2, p. 204 – 205.
SIMS, C. A. Theoretical basis for a double deflated index of real value added. The Review of Economics and Statistics, Nov. 1969, vol. 51, no. 4, p. 470 – 471.
Working papers, proceedings, přednášky, aj.
MATĚJKA, F., SIMS, C. A. Discrete actions in information-constrained tracking problems. CERGE-EI Working Papers wp441, The Center for Economic Research and Graduate Education – Economic Institute, Prague, 2011.
SIMS, C. A. Commentary on policy at the zero lower bound. Working Papers 1205, Princeton University, Department of Economic, Center for Economic Policy Studies, 2010.
SIMS, C. A. Inflation expectations, uncertainty and monetary policy. BIS Working Papers 275, Bank for International Settlements, 2009.
SIMS, C. A. Monetary policy models. Working Papers 1032, Princeton University, Department of Economics, Center for Economic Policy Studies, 2007.
SIMS, C. A., WAGGONER, D. F., ZHA, T. Methods for inference in large multiple-equation Markov-switching models. Working Paper 2006-22, Federal Reserve Bank of Atlanta, 2006.
SIMS, C. A. Improving monetary policy models. Working Papers 74, Princeton University, Department of Economics, Center for Economic Policy Studies, 2006.
SIMS, C. A. Rational inattention: a research agenda. Discussion Paper Series 1: Economic Studies 2005, 34, Deutsche Bundesbank, Research Centre, 2005.
SIMS, C. A., ZHA, T. Were there regime switches in U.S. monetary policy? Working Paper 2004-14, Federal Reserve Bank of Atlanta, 2004.
KIM, J., KIM, S., SCHAUMBURG, E., SIMS, C. A. Calculating and using second order accurate solutions of discrete time. Levine’s Bibliography 666156000000000284, UCLA Department of Economics, 2003.
KIM, J., KIM, S., SCHAUMBURG, E., SIMS, C. A. Calculating and using second order accurate solutions of discrete time dynamic equilibrium models. Finance and Economic Discussion Series 2003-61, Board of Governors of the Federal Reserve System (U.S.), 2003.
SIMS, C. A. Fiscal aspects of Central Bank independence. CESifo Working Paper Series 547, CESifo Group Munich, 2001.
SIMS, C. A. Fiscal consequences for Mexico of adopting the dollar. Proceedings, Federal Reserve Bank of Cleveland, p. 597 – 625, 2001.
SIMS, C. A. The precarious fiscal foundations of EMU. DNB Staff Reports (discontinued) 34, Netherlands Central Bank, 1999.
SIMS, C. A., ZHA, T. Bayesian methods for dynamic multivariate models. Working Papers 96-13, Federal Reserve Bank of Atlanta, 1996.
SIMS, C. A. ZHA, T. Error bands for impulse responses. Cowles Foundation Discussion Papers 1085, Cowles Foundation for Research in Economics, Yale University, 1994.
LEEPER, E. M., SIMS, C. A. Toward a modern macroeconomic model usable for policy analysis. Working Paper 94-5, Federal Reserve Bank of Atlanta, 1994.
MAHESWARAN, S., SIMS, C. A. Empirical implications of arbitrage-free asset markets. Cowles Foundation Discussion Papers 1008, Cowles Foundation for Research in Economics, Yale University, 1992.
SIMS, C. A. Interpreting the macroeconomic time series facts: The effects of monetary policy. Cowles Foundation Discussion Papers 1011, Cowles Foundation for Research in Economics, Yale University, 1992.
SIMS, C. A. A nine variable probabilistic macroeconomic forecasting model. Cowles Foundation for Research in Economics, Yale University, 1992.
SIMS, C. A. Comment on „To critize the critics“ by Peter C. B. Phillips. Cowles Foundation Discussion Papers 985, Cowles Foundation for Research in Economics, Yale University, 1991.
SIMS, C. A. Rational expectations modelling with seasonally adjusted data. Discussion Paper / Institute for Empirical Macroeconomics 35, Federal Reserve Bank of Minneapolis, 1990.
SIMS, C. A. Modeling trends. Discussion Paper / Institute for Empirical Macroeconomics 22, Federal Reserve Bank of Minneapolis, 1989.
SIMS, C. A. Models and their uses. Discussion Paper / Institute for Empirical Macroeconomics 11, Federal Reserve Bank of Minneapolis, 1989.
SIMS, C. A. Solving nonlinear stochastic optimization and equilibrium problems backwards. Discussion Paper / Institute for Empirical Macroeconomics 15, Federal Reserve Bank of Minneapolis, 1989.
SIMS, C. A. Bayesian skepticism on unit root econometrics. Discussion Paper / Institute for Empirical Macroeconomics 3, Federal Reserve Bank of Minneapolis, 1989.
SIMS, C. A., UHLIG, H. Understanding unit rooters: a helicopter tour. Discussion Paper / Institute for Empirical Macroecomics 4, Federal Reserve Bank of Minneapolis, 1988.
DOAN, T., LITTERMAN, R. B., SIMS, C. A. Forecasting and conditional projection using realistic prior distributions. NBER Working Papers 1202, National Bureau of Economic Research, Inc., 1983.
SIMS, C. A. Comparison of interwar and postwar business cycles: monetarism reconsidered. NBER Working Papers 0430, National Bureau of Economic Research, Inc., 1980.
HYASHI, F., SIMS, C. A. Efficient estimation of time series models with predetermined. Discussion Papers 450, Northwestern University, Center for Mathematical Studies in Economics and Management Science, 1980.
SIMS, C. A. Martingale-like behavior of prices. NBER Working Papers 0489, National Bureau of Economic Research, Inc., 1980.
SARGENT, T. J., SIMS, C. A. Business cycle modeling without pretending to have too much a priori economic theory. Working Papers 55, Federal Reserve Bank of Minneapolis, 1977.