Discussion Section with Kevin Murphy

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Lars Peter Hansen

As founding director of BFI, Lars Peter Hansen and his distinguished board of advisors were critical in developing the Institute’s commitment to sound theoretical and empirical research. Hansen describes the early mission of the Institute (when it began as the Milton Friedman Institute), and its evolution over time.
 

April 11, 2018

Discussion Section with Kevin Murphy, featuring Lars Peter Hansen: BFI from Lars’s Perspective

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Lars Peter Hansen

For economists building macroeconomic models, one of the important challenges is to incorporate risk aversion into those models, as Lars Peter Hansen describes in this episode.
 

April 11, 2018

Discussion Section with Kevin Murphy, featuring Lars Peter Hansen: Macroeconomic Models Part 1

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Lars Peter Hansen

Persistence in the macro economy takes time to understand and can change often. With his work focusing on the broader notion of uncertainty, Lars Peter Hansen describes the importance of understanding where in the macroeconomic model learning is easy and where it is hard. He also talks about asset pricing models and the link between behavioral finance and his research.
 

April 11, 2018

Discussion Section with Kevin Murphy, featuring Lars Peter Hansen: Macroeconomic Models Part 2

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Lars Peter Hansen

Kevin Murphy and Lars Peter Hansen talk about the three different levels of macroeconomic models.
 

April 11, 2018

Discussion Section with Kevin Murphy, featuring Lars Peter Hansen: Macroeconomic Models Part 3

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Discussion Section: Names, Faces, and Ideas

Lars Peter Hansen

In this episode, Murphy queries Hansen about his research, which is somewhat unique in that Hansen incorporates theory, econometrics, and data—often in the same paper. Hansen also looks back and reviews key influences on his work.

April 11, 2018

Discussion Section with Kevin Murphy, featuring Lars Peter Hansen: Names Faces and Ideas Part 1

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