NBER Researchers Share 2013 Nobel Prize in Economics
NBER Research Associates Lars Hansen and Bob Shiller shared the 2013 Nobel Memorial Prize in Economics for their work on "the empirical analysis of asset prices." Lars is the David Rockefeller Distinguished Service Professor of Economics at the University of Chicago. He is a research associate in the NBER's Asset Pricing (AP) and Economic Fluctuations and Growth (EFG) programs. Bob is the Sterling Professor of Economics at Yale University, a research associate in the NBER's AP, EFG, and Monetary Economics programs, and the co-director of the NBER's Behavioral Economics working group. The third prize recipient, Eugene Fama, is the Robert McCormick Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.
Lars Hansen and Bob Shiller join a long list of current and past NBER affiliates who have received the Prize, including: Alvin Roth, 2012; Thomas Sargent and Christopher Sims, 2011; Peter Diamond and Dale Mortenson (shared with Christopher Pissarides), 2010; Paul Krugman, 2008; Edward C. Prescott and Finn Kydland, 2004; Robert F. Engle (shared with Clive Granger), 2003; George Akerlof and Joseph E. Stiglitz (shared with Michael Spence), 2001; James J. Heckman and Daniel L. McFadden, 2000; Robert C. Merton and Myron S. Scholes, 1997; Robert E. Lucas, Jr., 1995; Robert W. Fogel (shared with Douglass North), 1993; Gary S. Becker, 1992; and the late George J. Stigler, 1982, Theodore W. Schultz, 1979, Milton Friedman, 1976, and Simon Kuznets, 1971.
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