FBBVA-10-economia-Lars-Peter-Hansen

Lars Peter Hansen

FRONTIERS OF KNOWLEDGE LAUREATE

Economics Finance and Management

3rd edition

The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes in this third edition to Professor Lars Peter Hansen of the University of Chicago, for making fundamental contributions to our understanding of how economic actors cope with risky and changing environments.

CITATION (EXCERPT)

The 2010 BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management has been granted to Lars Peter Hansen, “for making fundamental contributions to our understanding of how economic actors cope with risky and changing environments. The powerful statistical framework he developed to address this issue empirically, known as the Generalized Method of Moments, is now the standard textbook method in econometrics. He used this approach to explore the interconnections between macroeconomic indicators and asset prices in financial markets, showing in particular how to formulate robust policies in periods of high uncertainty. His work forms the basis for much contemporary empirical research in financial economics.”