Robert Shiller

Robert J. Shiller is Sterling Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management. He received his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets.

Professor Shiller was awarded the 2013 Nobel Prize in Economic Sciences, together with Eugene Fama and Lars Peter Hansen of the University of Chicago, “for their empirical analysis of asset prices.” He served as President of the American Economic Association in 2016.

His repeat-sales home price indices, developed originally with Karl E. Case, are now published as the S&P/Case-Shiller Home Price Indices. The Chicago Mercantile Exchange now maintains futures markets based on the S&P/Core Logic/Case-Shiller Home Price Indices.

He has authored more than ten books including Irrational Exuberance and the most recent, Narrative Economics: How Stories Go Viral and Drive Major Economic Events.

He has been research associate, National Bureau of Economic Research since 1980, and has been co-organizer of NBER workshops: on behavioral finance with Richard Thaler 1991-2015, and on macroeconomics and individual decision making (behavioral macroeconomics) with George Akerlof  1994-2007.

He writes a regular column “Finance in the 21st Century” for Project Syndicate, since 2003, published around the world; and “Economic View” for The New York Times, since 2007.