Lars Peter Hansen

Insights on Econometrics, Macroeconomics and Finance

Lars Peter Hansen

David Rockefeller Distinguished Service Professor in Economics, Statistics & the College

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

 

"Approximate Models and Robust Decisions: A Discussion," (with Massimo Marinacci). April 2016.

"Misspecified Recovery" (with Jaroslav Borovička and José A. Scheinkman), Journal of Finance, March 2016.

"Shock Elasticities and Impulse Responses" (with Jaroslav Borovika and Jose A. Scheinkman), Mathematics 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.

Recent Events

April 11, 2016

"The Economic Impact of Uncertainty in a Changing Environment." Lecture given at Shanghai Jiao Tong University.

April 8, 2016

Lecture at the NBER Asset Pricing conference in Cambridge, MA. 

February 10, 2016

"Confronting Uncertainty in a Changing Environment." Lecture at the Center for Operations Research and Econometrics (CORE) at the Université catholique de Louvain, Belgium. 

October 15, 2015

Lecture at the Latin American and Caribbean Economics Association (LACEA ) meeting in Santa Cruz de la Sierra, Bolivia.