Lars Peter Hansen is a leading expert in economic dynamics who works at the boundaries of macroeconomics, finance, and econometrics. His current collaborative research develops and applies methods for pricing the exposure to macroeconomic shocks over alternative investment horizons and investigates the implications of the pricing of long-term uncertainty. Moreover, he studies the econometric challenges of identifying investor beliefs from observed asset prices.
In related research, he explores how to incorporate ambiguities about the future, as well as the resulting skepticism into models of consumers and investors help to explain economic and financial data. In addition, he investigates how acknowledging a broader notion of uncertainty generates a more prudent approach to policy making.
Some Recent Papers
"Misspecified Recovery" (with Jaroslav Borovicka and Jose A. Sheinkman), forthcoming, Journal of Finance.
"Shock Elasticities and Impulse Responses" (with Jaroslav Borovika and Jose A. Scheinkman), Mathematices and Financial Economics 8 (September 2014): 333-354.
“Uncertainty Inside and Outside Economic Models” (Nobel Prize lecture), Journal of Political Economy 122 (July 2014) 945-987.
Oct. 20, 2015
"Confronting Uncertainty in a Changing Environment," Invited Lecture at Universidad del Pacifico
Oct. 14-17, 2015
"Uncertainty and Valuation," Latin American & Caribbean Economic Association Conference
Santa Cruz., Bolivia