The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Shiller, Robert J. (born 1946)

  • Esther-Mirjam Sent
Reference work entry


Robert J. Shiller is the 2013 recipient of the Nobel Prize in Economic Sciences along with Eugene Fama and Lars Peter Hansen. Shiller has written on financial markets, financial innovation, behavioural economics, macroeconomics, real estate and statistical methods, and on public attitudes, opinions and moral judgements regarding markets. Three distinct phases may be identified in Shiller’s research.


Akerlof, G. Bayesian econometric modeling Behavioural economics Behavioural finance Case, K. Efficient markets hypothesis Excess volatility Fama, E. Financial innovation Financial institutions Hansen, L. Masucci, S. Modigliani, F. Psychology in economics Rational expectations economics Real estate economics Speculative bubbles Term structure of interest rates Thaler, R. Weiss, A. 

JEL Classifications

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  1. Ang, A., and G. Bekaert. 2007. Stock return predictability: Is it there? The Review of Financial Studies 20(3): 651–707.CrossRefGoogle Scholar
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Esther-Mirjam Sent
    • 1
  1. 1.