Christopher Sims

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Christopher Sims

Warning about 'Trump Inflation Bomb'

Joseph Stiglitz "spearheaded" a letter signed by "Nobel economists" as reported at Axios on June 25, 2024 in an article titled "Scoop: 16 Nobel economists see a Trump inflation bomb". The letter was not provided in the article, but there were some alleged quotes from the letter.

"We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy," the economists wrote, per Axios. "Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets."

From Raw Story, who also did not post the letter:

"In a letter, the economists argue that a combination of more tax cuts for corporations, a labor shortage caused by the mass deportation of undocumented immigrants, and looser monetary policy in the form of lower interest rates would cause prices to skyrocket yet again just as inflation has started to stabilize in the three percent range."

Christopher Sims signed the letter.

Signatories

• Joseph Stiglitz
• George A. Akerlof
• Sir Angus Deaton
• Claudia Goldin
• Sir Oliver Hart
• Eric S. Maskin
• Daniel L. McFadden
• Paul R. Milgrom
• Roger B. Myerson
• Edmund S. Phelps
• Paul M. Romer
• Alvin E. Roth
• William F. Sharpe
• Robert J. Shiller
• Christopher A. Sims
• Robert B. Wilson

Supportive of Biden's Build Back Better Spending Bill

Christopher Sims signed a statement organized by the Economic Policy Institute posted on September 20, 2021 titled "Seventeen winners of the Nobel Prize in economics sign letter in support of the President’s Build Back Better package", which argues that more money must be "invested" now in those things not traditionally thought of as infrastructure such as "human capital, the care economy, research and development, public education, and more..." The statement downplays the concern of inflation.

Push Obama for Global Carbon Tax

Christopher Sims signed a statement dated March 14, 2012 along with other economists promoting a global carbon tax.

Signatories:

• Kenneth Arrow, Ph.D., 1972 Nobel Memorial Prize in Economic Sciences, Joan Kenney Professor of Economics, Emeritus, Stanford University
• William Sharpe, Ph.D., 1990 Nobel Prize in Economic Sciences, STANCO 25 Professor of Finance, Emeritus, Stanford University
• Eric Maskin, Ph.D., 2007 Nobel Memorial Prize in Economic Sciences, Professor of Economics, Harvard University
• Thomas Sargent, Ph.D., 2011 Nobel Memorial Prize in Economic Sciences, W.R. Berkley Professor, New York University
• Christopher Sims, Ph.D., 2011 Nobel Memorial Prize in Economic Sciences, W.R. Berkley Professor, New York University
• Frank Ackerman, Ph.D., Director, Climate Economics Group, Stockholm Environment Institute, US
• Patrick Bolton, Ph.D., David Zalaznick Professor of Business, Columbia Business School, Columbia University
• Mark Carhart, Ph.D., CIO and Partner, Kepos Capital LP
• Varadarajan Chari, Ph.D., Professor of Economics, Heller-Hurwicz Economics Institute, University of Minnesota
• Lawrence Christiano, Ph.D., Professor of Finance, Kellogg School of Management, Northwestern University
• Kent Daniel, Ph.D., Professor of Finance, Columbia Business School, Columbia University
• Pierre Collin-Dufresne. Ph.D., Caron Family Professor of Business, Finance and Economics, Columbia Business School, Columbia University
• Darrell Duffie, Ph.D., Dean Witter Distinguished Professor of Finance, Stanford University
• Martin Eichenbaum, Ph.D., Ethel and John Lindgren Professor of Economics, Northwestern University
• Christian Gollier, Ph.D., Director, Toulouse School of Economics, Research Director, Institut d’Economie Industrielle (IDEA), Researcher Laboratoire d’Economie des Ressources Naturelles (LERNA)
• Pierre-Olivier Gourinchas, Ph.D., Professor of Economics, University of California, Berkeley
• James D. Hamilton, Ph.D., Professor of Economics, University of California, San Diego
• Lars Peter Hansen, Ph.D., David Rockefeller Distinguished Service Professor, University of Chicago
• Bengt Holmstrom, Ph.D., Professor of Economics and Management, Massachusetts Institute of Technology
• Paul Joskow, Ph.D., Professor of Economics, Emeritus, Massachusetts Institute of Technology
• Robert Litterman, Ph.D., Partner, Kepos Capital LP, Former Head of Risk Management, Goldman Sachs
• Scott Richard, Ph.D., Practice Professor of Finance, The Wharton School, University of Pennsylvania
• Jose Scheinkman, Ph.D., Theodore A Wells ‘29 Professor of Economics, Princeton University
• Richard Schmalensee, Ph.D., Howard W. Johnson Professor of Management, Director of the MIT Center for Energy and Environmental Policy Research, Massachusetts Institute of Technology
• Robert N. Stavins, Ph.D., Albert Pratt Professor of Government, Director, Harvard Environmental Economics Program, John F. Kennedy School of Government, Harvard University
• George Tauchen, Ph.D., Glasson Professor of Economics, Duke University