Hansen, Lars Peter (Born 1952)
Lars Peter Hansen is the 2013 recipient of the Nobel Prize in Economics along with Eugene Fama and Robert Shiller. Hansen has been instrumental in developing the Generalised Method of Moments, a statistical method that is particularly well suited to testing rational expectations economics. He is also known for his contributions to macroeconomics, in which he focuses on the linkages between the financial and real sectors of the economy. Five distinct phases may be identified in Hansen’s research.
KeywordsAdaptive expectations Asset pricing Dynamic models Econometrics Empirical analysis Fama, E. Generalized method of moments estimators Heaton, J. Hodrick, R. Instrumental variables Jagannathan, R. Lo, A. Lucas, R. Luttmer, E. Rational expectations Richard, S. Risk Rrobustness Sargent, T. Scheinkman, J. Shiller, R. Sims, C. Singleton, K. Stochastic discount factor models Time series econometrics Uncertainty
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