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Arthur M. Okun Professor of Economics; Professor of Finance and Fellow at the International Center for Finance, Yale University

Allianz Distinguished Visitor - Class of Fall 2012

Robert J. Shiller is the Arthur M. Okun Professor of Economics at the 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 BA from the University of Michigan in 1967 and his PhD in economics from the Massachusetts Institute of Technology in 1972. His teaching fields are macroeconomics and finance, behavioral economics, and real estate. Shiller has been a research associate for the National Bureau of Economic Research since 1980 and a co-organizer of NBER workshops on behavioral finance with Richard Thaler since 1991, as well as on macroeconomics and individual decision making (behavioral macroeconomics) with George Akerlof since 1994. Shiller is also co-founder and chief economist of MacroMarkets LLC.


Shiller has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets. His recent publications include The New Financial Order: Risk in the 21st Century (Princeton, 2003), an analysis of an expanding role of finance, insurance, and public finance. His work Subprime Solution: How the Global Financial Crisis Happened and What to Do about It, published in September 2008 by Princeton, offers an analysis of the housing and economic crisis and a plan of action. He co-authored the book Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism, published in March 2009 by Princeton. 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.

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