Miguel Sidrauski, Date of Birth, Place of Birth, Date of Death
TweetMiguel Sidrauski
Argentine economist
Date of Birth: 
Place of Birth: Buenos Aires, Argentina
About Miguel Sidrauski
- Miguel Sidrauski (October 12, 1939 – September 1, 1968) was an Argentine economist who made important contributions to the theory of economic growth by developing a modified version of the Ramsey–Cass–Koopmans model to describe the effects of money on long-run growth.
- He also published an article on exchange rate determination.
- Sidrauski taught economics at Massachusetts Institute of Technology. Sidrauski was born and educated in Buenos Aires.
- He entered graduate studies at the University of Chicago in 1963 and completed his PhD in 1966 under the supervision of Hirofumi Uzawa and Milton Friedman.
- After completing his PhD, he was appointed as an assistant professor at MIT.
- Sidrauski, who was Jewish, was described by his colleague Duncan K.
- Foley as “a committed Zionist.” He died of cancer at the age of 28, and was surrounded by his wife and two-month-old daughter.Sidrauski is best known for his 1967 article, "Rational Choice and Patterns of Growth in a Monetary Economy," which was based on his PhD dissertation.
- The article analyses a model of a representative household that intertemporally maximises utility, which in turn depends on both the consumption of goods and the holding of real balances of money.
- The model implies that in steady state, capital intensity is invariant to the rate of monetary expansion or contraction, a result that is described as superneutrality of money.
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