Robert Shiller, the Arthur M. Okun Professor of Economics, delivered the keynote address to the Second Committee of the United Nations General Assembly Oct. 4.
The Economic and Financial Committee (Second Committee) of the U.N. General Assembly is concerned with economic growth and financial matters related to development.
In his talk, "Stimulus and Regulation to Promote a Renewed and Spirited World Economy," Shiller offered insights about current global economic challenges and proposed strategies for addressing them.
A leading expert on behavioral economics and financial markets, Shiller came to national prominence in 2000 with his bestseller "Irrational Exuberance" which described speculative bubbles and correctly predicted the dot.com implosion.
Following the housing market collapse, which he also had predicted, he wrote "Subprime Solution: How the Global Financial Crisis Happened and What to Do about It." Most recently, with fellow economist George A. Akerlof, he wrote "Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism."
With Karl E. Case, he developed the most widely used real estate index, Standard & Poor's/Case Shiller Home Price Indices. He writes a regular column, "Finance in the 21st Century," for Project Syndicate, which publishes around the world, and "Economic View" for The New York Times. He is co-founder and chief economist of MacroMarkets LLC.