IY Speaker Spotlight: Special Guest & Nobel Laureate Robert Shiller / by Mike Garcia

Dr. Robert Shiller is the Yale University Sterling Professor of Economics and Professor of Finance and Fellow at the International Center for Finance at the Yale School of Management. In 2013, Dr. Shiller’s "empirical analysis of asset prices" earned him the Nobel Prize in Economic Science alongside fellow economists, Eugene Fama and Lars Peter Hansen.

Spurred by an economics textbook brought home by his brother while still in high school, Dr. Shiller was immediately drawn to the idea of economics as a science. Particularly, Dr. Shiller recalls feeling “intrigued that economic models can actually explain many important things that happen in our lives.” From that starting point, Dr. Shiller moved on to receive a B.A. from the University of Michigan, followed by a Phd in Economics from MIT.

Dr. Shiller has had a remarkable impact on the field of economics. He has authored 7 books and collaborated with 46 co-authors in his career. As well as teaching at Yale, Dr. Shiller pens a regular column in the New York Times, “Economic View,” and “Finance in the 21st Century” for Project Syndicate.

Additionally, his work in home price indices with economist Karl Case, established the S&P/Case-Shiller Home Price Indices, which are used by the Chicago Mercantile Exchange to maintain futures markets. Deservedly so, Dr. Shiller was elected president of the American Economic Association for 2016.

Through his work and research, Dr.Shiller has found that working with colleagues and students has been especially rewarding because, “our work has a moral basis, in finding ways to improve lives and our society.”