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Arthur M. Okun Professor of Economics

Robert J. Shiller is the Arthur M. Okun Professor of Economics, Cowles Foundation for Research in Economics, at Yale University. He has written about financial markets, behavioral economics, macroeconomics, real estate, statistical methods, and public attitudes, opinions and moral judgments regarding markets. His book Irrational Exuberance (Princeton University Press, 2000 & 2005 in 15 foreign language editions, Broadway Books 2001) is an analysis and explication of the stock market boom since 1982. It won the Commonfund Prize, 2000, and was a New York Times nonfiction bestseller. Professor Shiller is co-founder of Case Shiller Weiss, Inc. in Cambridge, Mass., an economics research and information firm, and a co-founder of MacroMarkets LLC in Cambridge, which promotes securitization of unusual risks. He's also the former vice president of the American Economic Association and former president-elect of the Eastern Economic Association. Professor Shiller's column; "Economic View," appears in the New York Times every six weeks, and his column, "Finance in the 21st Century," appears every other month in Project Syndicate, an international association of quality newspapers.

Achievements and Awards
Research Associate, National Bureau of Economic Research
Fellow, American Academy of Arts and Sciences
Fellow, Econometric Society
Member, American Philosophical Society
Recipient, Guggenheim Fellowship
Paul A. Samuelson Award for Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Oxford University Press), 1996
Commonfund Prize for Irrational Exuberance (Princeton University Press, 2000, Broadway Books), 2001

Selected Books
Subprime Solution: "How Today's Global Financial Crisis Happened and What to Do about It," Princeton University Press, September 2008

The New Financial Order: Risk in the 21st Century, Princeton University Press, April 2003, translated into 7 languages

Irrational Exuberance, Princeton University Press, 2000 & 2005 in 15 foreign language editions, Republished, Broadway Books, April 2001, translated into 15 languages

Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks, Oxford University Press, 1993

Market Volatility, MIT Press, Cambridge MA, 1989

Selected Articles
"Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models", Brookings Papers on Economic Activity, 2:2007

"The Behavior of Home Buyers in the Post-2000 Real Estate Boom" (with K.E. Case), Brookings Panel on Economic Activity, 2003

"World Income Components: Finding and Exploiting Risk Sharing Opportunities" (with S. Athanasoulis), American Economic Review, 2001

Education
PhD Massachusetts Institute of Technology, 1972
SM Massachusetts Institute of Technology, 1968
BA University of Michigan, 1967