Lars Peter Hansen

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Lars Peter Hansen (2007)

Lars Peter Hansen (born October 26, 1952 in Urbana , Illinois ) is an American economist . In 2013 he was awarded the Alfred Nobel Memorial Prize for Economics together with Robert J. Shiller and Eugene Fama .

Live and act

Lars Peter Hansen graduated from Utah State University with a BA in Mathematics and Political Science in 1974 and a Ph.D. in economics with Christopher Sims at the University of Minnesota . He then became Assistant Professor (1978-80) and Associate Professor (1980-81) at Carnegie Mellon University . In 1981 he moved to the University of Chicago , where he was Associate Professor until 1984, Professor 1984 to 1990 and Homer J. Livingston Professor from 1990 to 1997. Since 1997 he has been Homer J. Livingston Distinguished Service Professor there. He was also chairman of the economic department from 1998 to 2002. Visiting professorships took him to the Massachusetts Institute of Technology in 1983 , Harvard University in 1986 , Stanford University in 1989/90 and Northwestern University in 2007 .

Hansen works on the generalized moment method and related applications in macroeconomics and public finance . For example, he used the future rate as a means of predicting the cash rate . The methods he developed are applied in dynamic econometric models. He also examines robustness and risk.

In 1982 he became a Sloan Research Fellow . In 2013 Hansen, Eugene Fama and Robert J. Shiller received the Alfred Nobel Memorial Prize for Economics “for their empirical analysis of capital market prices”.

Works

Books
  • Econometric modeling strategies for exhaustible resource markets with applications to nonferrous metals . Dissertation, University of Minnesota, 1978
  • Mathias Dewatripont and Stephen J. Turnovsky as editors: Advances in Economics and Econometrics. Theory and Applications. Eighth World Congress . 3 volumes, Cambridge University Press, Cambridge [u. a.] 2003, ISBN 0-521-81872-1
  • with Thomas J. Sargent : Rational Expectations Econometrics. Underground Classics in Economics . Westview Press, Boulder 1991, ISBN 0-8133-7800-1
  • with Thomas J. Sargent: Robustness . Princeton University Press, Princeton 2008, ISBN 978-0-691-11442-2
Articles (selection)
  • with Robert James Hodrick : Forward Exchange Rates as Optimal Predictors of Future Spot Rates. An Econometric Analysis . In: Journal of Political Economy . Volume 88, No. 5, 1980, pp. 829-853
  • with Thomas J. Sargent: Linear Rational Expectations Models for Dynamically Interrelated Variables . In: Robert E. Lucas , Jr. and Thomas J. Sargent (Eds.): Rational Expectation and Economic Practice . University of Minnesota Press, Minneapolis 1981
  • Large Sample Properties of Generalized Method of Moments Estimators . In: Econometrica . Volume 50, No. 4, 1982, pp. 1029-1054
  • with Kenneth J. Singleton: Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models . In: Econometrica . Volume 50, No. 5, 1982, pp. 1269-1286.
  • with Thomas J. Sargent: Instrumental variables procedures for estimating linear rational expectations models . In: Journal of Monetary Economics . Volume 9, No. 3, 1982, pp. 263-296
  • with Martin S. Eichenbaum and Kenneth J. Singleton: A Time Series Analysis of Representative Agent Models of Consumption and Leisure Choice under Uncertainty . In: The Quarterly Journal of Economics . Volume 103, No. 1, 1988, pp. 51-78
  • with Thomas J. Sargent: Seasonality and approximation errors in rational expectations models . In: Journal of Econometrics . Volume 55, No. 1/2, 1993, pp. 21-55
  • with James J. Heckman : The Empirical Foundations of Calibration . In: Journal of Economic Perspectives . Volume 10, No. 1, 1996, pp. 87-104
  • with Ravi Jagannathan: Assessing Specification Errors in Stochastic Discount Factor Models . In: The Journal of Finance . Vol. 52, No. 2, 1997, pp. 557-590
  • with Timothy G. Conley and Wen-Fang Liu: Bootstrapping the Long Run . In: Macroeconomic Dynamics . Volume 1, 1997, pp. 279-311

Awards

  • 1984 Frisch Prize ( Econometric Society , together with Kenneth J. Singleton for Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models )

Memberships

literature

Web links

Commons : Lars Peter Hansen  - collection of images, videos and audio files

Individual evidence

  1. ↑ Awards. econometricsociety.org , accessed on August 16, 2015 .
personal data
SURNAME Hansen, Lars Peter
BRIEF DESCRIPTION American economist
DATE OF BIRTH October 26, 1952
PLACE OF BIRTH Urbana , Illinois , USA