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Goodfriend Visiting Economist: John Stachurski
Stationary Distributions in Monotone Markov Models: Theory and Applications
By John Miller Email John Miller
- Email ckiz@andrew.cmu.edu
- Phone 412-554-0074
From April 13 to April 17, joined the Tepper School of Business as the Marvin Goodfriend Visiting Economist. Dr. Stachurski is an economist based at the National Graduate Institute for Policy Studies () in Tokyo, Japan. He is an expert in numerical methods and studies algorithms at the intersection of optimization, Markov dynamics, economics, and finance. In 2016, he co-founded with former Tepper School research affiliate and 2011 Nobel Laureate Thomas J. Sargent.
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During the week, he taught a short course on advanced computational methods, including techniques for solving economic models more efficiently using modern algorithms and computational tools. Topics included high-performance Python libraries like JAX and Numba, parallel computing techniques, advanced elements of dynamic programming theory, decision-making under uncertainty and risk aversion, Q-learning, and reinforcement learning.
The visit culminated with the Marvin Goodfriend Lecture, "Stationary Distributions in Monotone Markov Models: Theory and Applications.鈥
Thanks to the generosity of Marsha Goodfriend, widow of Tepper School Economics Professor Marvin Goodfriend, the Goodfriend Visiting Economist Program has been established in his honor. This fund brings an economist to Tepper to collaborate with faculty and Ph.D. students, discussing research papers, trends, and current events.
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