Education: Ph.D. in Economics, University of Minnesota, 1978.

Current Affiliations:

Selected Honors: 

· Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (with Eugene Fama and Robert Shiller) for work on asset pricing, 2013.
· Fellow, National Academy of Sciences, 1999.
· Member, American Academy of Arts and Sciences, 1993.
· Fellow, Econometric Society, 1985.
· Sloan Foundation Fellow, 1982-1984.
· Distinguished Fellow, Macro Finance Society, 2013.
· Fellow, American Finance Association, 2007.
· Fellow, John Simon Guggenheim Memorial Foundation, 1996-1997.
· Chairman, National Academy of Sciences (Economic Sciences), 2009-2012.
· President, Econometric Society, 2007.
· Vice President, American Economic Association, 2011.
· Founding Director, Milton Friedman Institute, 2009-2011.

· Economic Dynamics of Uncertainty

· Macroeconomics

· Finance

· Statistics