Primary Job Title Professor of Economics Primary Organization 
Yale University
Location New York, New York, United States Regions Greater New York Area, East Coast, Northeastern US Gender Male Also Known As Robert J. Shiller
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Robert J. Shiller is a Nobel laureate and a Sterling Professor of Economics at Yale University. He is a professor of finance and fellow at the International Center for Finance in Yale School of Management.
Shiller has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods; and on
public attitudes, opinions, and moral judgments regarding markets. He writes a regular column "Finance in the 21st Century" for Project Syndicate, and "Economic View" for The New York Times.
Shiller has been a research associate at the National Bureau of Economic Research since 1980, and has been a co-organizer of NBER workshops on behavioral finance with Richard Thaler since 1991, and on macroeconomics and individual decision-making with George Akerlof from 1994 to 2007. He served as the vice president of the American Economic Association in 2005 and president of the Eastern Economic Association from 2006 to 2007. He was elected president of the American Economic Association for 2016.
Shiller’s 1989 book Market Volatility is a mathematical and behavioral analysis of price fluctuations in speculative markets. His 1993 book Macro Markets: Creating Institutions for Managing Society’s Largest Economic Risks proposes a variety of new risk-management contracts such as futures contracts in national incomes or securities based on real estate that would permit the management of risks to standards of living. His book Irrational Exuberance is an analysis and explication of speculative bubbles, with special reference to the stock market and real estate. His book The New Financial Order: Risk in the 21st Century ) is an analysis of an expanding role of finance, insurance, and public finance in the future. His book Subprime Solution: How the Global Financial Crisis Happened and What to Do about It, published in September 2008 by Princeton University Press, offers an analysis of the housing and economic crisis and a plan of action against it. He co-authored, with George A. Akerlof, Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism in 2009. His book, Finance and the Good Society, was published in April 2012 by Princeton University Press.
Shiller’s repeat-sales home price indices, developed originally with Karl E. Case, are now produced by CoreLogic and published as the S&P/Case-Shiller Home Price Indices. The Chicago Mercantile Exchange now maintains futures markets based on the S&P/Case-Shiller Indices.
Shiller received his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972.
Robert J. Shiller was awarded the Nobel Prize in economic sciences jointly with Eugene Fama and Lars Peter Hansen in 2013.
