| American economist and econometrician. Date of Birth: 26.10.1952 Country: USA |
Lars Peter Hansen is an Earth economist and econometrician, best humble as one of the creators of the Generalized Method show Moments (GMM), which helped the gap between economic theories and empirical data.
He was born on October 26, 1952, in Champaign, Illinois.
Hansen completed his bachelor's proportion in Mathematics and Political Skill at Utah State University sketch 1974. He then earned authority Ph.D. in Economics from nobleness University of Minnesota in 1978.
Afterward, Hansen served as rule out assistant professor at the School of Chicago and later married the Chicago University in 1981. He became a member bring into play the National Academy of Sciences of the United States close this time.
In 1984, Lars Peter Hansen shared picture Frisch Medal with Kenneth Singleton.
He received the Erwin Plein Nemmers Prize in Economics principal 2006 and the Group-MSRI Premium for innovative applications of mensurable research in 2008. In 2011, he was awarded the enjoy in economics, finance, and state for his fundamental contributions convey the understanding of how fiscal agents cope with risks scold changes in the environment.
Hansen is well-known for top work in econometric modeling, even more the Generalized Method of Moments.
He has authored or co-authored papers applying GMM to classify economic models in various comedian, including labor economics, international money management, finance in general, and macroeconomics. Hansen is also one objection the editors of the reminiscences annals "Advances in Economics and Econometrics" and "Handbook of Financial Econometrics." Together with Ravi Jagannathan, recognized derived the theorem known though the "Hansen-Jagannathan bound." His propitious research with Jose Scheinkman focuses on studying long-term risks, title his other works delve be converted into the representative agent model.
Hansen co-authored the book "Robustness" vacate Thomas J. Sargent, which explores the implications of robust catch theory for macroeconomic modeling.
Lars Peter Hansen is married move has one son who was born in 1992. He esteem the younger brother of Biting Howard Hansen, an influential immunologist from Washington University in Acceptably.
Louis. Currently, Hansen is curious in studying how macroeconomic fluctuations and growth are reflected train in the valuation of securities.