The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Hansen, Lars Peter (Born 1952)

  • Esther-Mirjam Sent
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2884

Abstract

Lars Peter Hansen is the 2013 recipient of the Nobel Prize in Economics along with Eugene Fama and Robert Shiller. Hansen has been instrumental in developing the Generalised Method of Moments, a statistical method that is particularly well suited to testing rational expectations economics. He is also known for his contributions to macroeconomics, in which he focuses on the linkages between the financial and real sectors of the economy. Five distinct phases may be identified in Hansen’s research.

Keywords

Adaptive expectations Asset pricing Dynamic models Econometrics Empirical analysis Fama, E. Generalized method of moments estimators Heaton, J. Hodrick, R. Instrumental variables Jagannathan, R. Lo, A. Lucas, R. Luttmer, E. Rational expectations Richard, S. Risk Rrobustness Sargent, T. Scheinkman, J. Shiller, R. Sims, C. Singleton, K. Stochastic discount factor models Time series econometrics Uncertainty 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Esther-Mirjam Sent
    • 1
  1. 1.