NBER Reporter: Winter 2004
NBER Researcher Shares Nobel Prize in Economics
NBER Research Associate Robert
F. Engle of New York University's
Stern School of Business will share the
2003 Nobel Prize in Economics with
Clive W. J. Granger.
Engle has been affiliated with the
NBER since 1987 and is a member of
the Program on Asset Pricing. He and
Granger were awarded the prize for
their development of statistical techniques
used to measure investment risk
and to track economic trends.
He now joins a long list of NBER
researchers who have received the Prize,
including: George Akerlof, Michael
Spence, and Joseph E. Stiglitz in 2001;
James J. Heckman and Daniel L.
McFadden, 2000; Robert C. Merton and
Myron S. Scholes, 1997; Robert E.
Lucas, Jr., 1995; and Robert W. Fogel,
1993. Other NBER researchers who
have won the Nobel Prize in Economics
are Simon S. Kuznets,Milton Friedman,
Theodore W. Schultz, George J. Stigler,
and Gary S. Becker.