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Noah Williams

Professor of Economics 

econ dept

uw

tower


Department of Economics
University of Wisconsin - Madison
William H. Sewell Social Science Building, Room 7434
1180 Observatory Drive
Madison, WI 53706-1393
(608) 263-3864

e-mail:  nwilliam@ssc.wisc.edu


Research: Publications  | Working Papers |  CV

Teaching:  Econ 712



NEW ITEMS:


PUBLICATIONS:

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

Roubst 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



WORKING PAPERS:

Optimal Unemployment Insurance and Cyclical Fluctuations#
with Rui Li. 
Latest Version: June 2014.
Full Paper:
PDF

On Dynamic Principal-Agent Problems in Continuous Time^
Latest Version: November 2013.
Full Paper:
PDF

Financial Instability via Adaptive Learning
Latest Version: October 2012. Incomplete.
Full Paper: PDF

Escape Dynamics in Learning Models*
Latest Version: Feburary 2014. 
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

Long Run Equilibrium in Discounted Stochastic Fictitious Play
Latest Version: March 2014.
Full Paper: PDF

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.

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