Personalborn in 1952 in the United States.
EducationCompletion of the Ph.D. in Economics at the University of Minnesota.
Academic AppointmentsDavid Rockefeller Distinguished Service Professor of Economics, Statistics, the College and the Booth School of Business at The University of Chicago. Co-principal investigator, along with Andrew Lo of MIT, on the Macro Financial Modeling Initiative (MFM). Fellow of the National Academy of Sciences. Fellow of the American Academy of Arts and Sciences. Fellow of the Econometric Society. Past president of the Econometric Society.
Prof. Lars Peter Hansen's early research in econometrics was aimed at developing time series statistical methods to investigate one part of an economic model without having to fully specify and estimate all of the model ingredients. The applications he explored with several coauthors, such as Kenneth J. Singleton, Scott F. Richard, Robert Hodrick, and Ravi Jagannathan, included systems that are rich enough to support models of asset valuation and to identify and clarify empirical puzzles, where real-world financial and economic data were at odds with prevailing academic models. Hansen's recent work focuses on uncertainty and its relationship to long run risks in the macroeconomy. He explores how models that incorporate ambiguities, beliefs, and skepticism of consumers and investors can explain economic and financial data and reveal the long-term consequences of policy options.