Yale School of Management Stock Market Confidence Indexes™

Robert Shiller

Robert J. Shiller is the Stanley B. Resor Professor of Economics, Cowles Foundation for Research in Economics, Yale University, and fellow at the International Center for Finance, Yale School of Management. He received his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He is Research Associate of the National Bureau of Economic Research, a fellow of the American Academy of Arts and Sciences, a member of the American Philosophical Society, a fellow of the Econometric Society, a member of the Academic Advisory Panel for the Federal Reserve Bank of New York, and a recipient of a Guggenheim fellowship. He has written widely on financial markets, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets. His 1989 book Market Volatility (MIT Press) was 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 (Oxford University Press) proposed a variety of new risk-management contracts, such as futures contracts in national incomes or in real estate that would revolutionize the management of risks to standards of living. This book won the 1996 Paul A. Samuelson Award, TIAA-CREF. His book Irrational Exuberance (Princeton University Press, 2000, Broadway Books 2001) is an analysis and explication of the stock market boom since 1982. This book won the Commonfund Prize, 2000, and was a New York Times Nonfiction Bestseller. His most recent book, The New Financial Order (Princeton University Press, 2003), unveils his plan for our financial security and describes new ways to hedge against the ever-increasing risks that society faces. He is co-founder of Case Shiller Weiss, Inc. in Cambridge MA, an economics research and information firm.

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