Abstract
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.
Keywords
- Adaptive 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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Sent, EM. (2018). Hansen, Lars Peter (Born 1952). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2884
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2884
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