Robert Shiller named to Sterling Professorship

Robert J. ShillerRobert J. Shiller, recently designated as Sterling Professor of Economics, is a noted economist who has written extensively on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets.

Shiller received his B.A. from the University of Michigan and his Ph.D. in economics from the Massachusetts Institute of Technology. He is affiliated with the Cowles Foundation for Research in Economics and is a fellow at the International Center for Finance at the Yale School of Management. Shiller, who holds a joint appointment as a professor of finance at the Yale School of Management, previously served as the Arthur M. Okun Professor of Economics.

His latest book, published in 2012, titled “Finance and the Good Society,” won the 2012 Prose Award for Business, Finance, and Management. His 2000 book “Irrational Exuberance” — an analysis and explication of speculative bubbles, with special reference to the stock market and real estate — won the 2000 Commonfund Prize for Best Contribution to Endowment Management Research. He co-authored (with George A. Akerlof) “Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism,” which received the getAbstract International Book Award 2009 and was honored with the 2009 TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security.

His repeat-sales home price indices, developed originally with Karl E. Case, are now published as the Standard & Poor’s/Case Shiller Home Price Indices. The Chicago Mercantile Exchange now maintains futures markets based on these indices.

The Yale economist has been a research associate at the National Bureau of Economic Research (NBER) since 1980, and has been co-organizer of NBER workshops on behavioral finance (with Richard Thaler since 1991), and on macroeconomics and individual decision-making, behavioral macroeconomics (with George Akerlof since 1994).

Shiller writes a regular column titled “Finance in the 21st Century” for Project Syndicate, which publishes internationally, and “Economic View” for The New York Times.