Robert J. Shiller
Robert James Shiller (born March 29, 1946)[4] is an American Nobel Laureate, economist, academic, and best-selling author. He serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance.[5]
Robert J. Shiller | |
|---|---|
 Shiller at a meeting with President Tsai Ing-wen in July 2017 | |
| Born | Robert James Shiller March 29, 1946 |
| Nationality | American |
| Alma mater | Michigan (B.A. 1967) MIT (Ph.D. 1972) |
| Known for | Irrational Exuberance, Case-Shiller index |
| Awards | Deutsche Bank Prize (2009) Nobel Memorial Prize in Economics (2013) |
| Scientific career | |
| Fields | Financial economics Behavioral finance |
| Institutions | Yale University |
| Doctoral students | John Y. Campbell[3] |
| Influences | John Maynard Keynes George Akerlof Irving Fisher |
| Influenced | Pierre Perron Eric Janszen |
| Signature | |
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Early life
Shiller was born in Detroit, Michigan. He studied at Kalamazoo College and the University of Michigan where he received his B.A. degree in 1967.[6] He received the S.M. degree from the Massachusetts Institute of Technology (MIT) in 1968, and his Ph.D. from MIT in 1972.
Career
Shiller has been a researcher of the National Bureau of Economic Research (NBER) since 1980, was vice president of the American Economic Association in 2005, and president of the Eastern Economic Association for 2006–2007.[7]
Eugene Fama, Lars Peter Hansen and Shiller received the 2013 Nobel Prize in Economics.[8][9]
Robert J. Shiller Media
Nobel Prize Laureate Robert J. Shiller during press conference in Stockholm, December 2013
Robert Shiller's plot of the S&P Composite Real Price Index, Earnings, Dividends, and Interest Rates, from Irrational Exuberance, 2d ed. In the preface to this edition, Shiller warns that "[t]he stock market has not come down to historical levels: the price-earnings ratio as I define it in this book is still, at this writing [2005], in the mid‑20s, far higher than the historical average.
Price-earnings ratios as a predictor of twenty-year returns based on the plot by Robert Shiller (Figure 10.1,). The horizontal axis shows the real price-earnings ratio of the S&P Composite Stock Price Index as computed in Irrational Exuberance (inflation adjusted price divided by the prior ten-year mean of inflation-adjusted earnings).
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References
- ↑ Grove, Lloyd. "World According to ... Robert Shiller". Portfolio.com. Retrieved 2009-06-26.
- ↑ Blaug, Mark; Vane, Howard R. (2003). Who's who in economics (4 ed.). Edward Elgar Publishing. ISBN 1-84064-992-5.
- ↑ Campbell, John Y. (2004), "An Interview with Robert J. Shiller", Macroeconomic Dynamics, Cambridge University Press, 8 (5): 649–683, doi:10.1017/S1365100504040027, S2CID 154975037, retrieved 2009-03-22
- ↑ "The Closing: Robert Shiller". The Real Deal. November 1, 2007. Retrieved December 2, 2012.
- ↑ "ICF Fellows". About. Yale University School of Management. Retrieved 21 September 2012.
- ↑ Van Sweden, James (October 22, 2013). "Alumnus Wins Nobel Prize". www.kzoo.edu. Kalamazoo College. Retrieved October 31, 2013.
- ↑ "Past Presidents". Eastern Economic Association. Archived from the original on February 11, 2017. Retrieved February 9, 2017.
- ↑ The Prize in Economic Sciences 2013 Archived 2018-06-22 at the Wayback Machine, nobelprize.org, retrieved 14 October 2013
- ↑ 3 US Economists Win Nobel for Work on Asset Prices, ABC News, October 14, 2013
Other websites
- Article on Robert J. Shiller (German language) Archived 2013-10-19 at the Wayback Machine
- Robert Shiller's interview on the housing crisis with The Politic
- Video conversation on the economy with Shiller and Robert Wright on Bloggingheads.tv.
- "Finance and the Good Society – Irreconcilable or Inseparable?" Archived 2013-10-16 at the Wayback Machine Presentation by Robert J. Shiller for the CFO Insight Magazine, August 2012
- Link to podcast lecture at London School of Economics on Sub Prime Crisis Archived 2009-02-12 at the Wayback Machine
- RSA Vision webcasts – Robert Shiller in conversation with Daniel Finkelstein on "How Human Psychology Drives the Economy" Archived 2009-06-12 at the Wayback Machine
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