Wharton Business Radio

Behind the Markets: September 14, 2018

Hosts Jeremy Schwartz and Jeremy Siegel broadcast LIVE from the Jacobs Levy Conference 2018 in NYC. They speak with Nobel Prize winning economist Robert Shiller, and Robin Greenwood, the George Gund Professor of Finance and Banking at Harvard Business School.

Air Date: Friday, September 14, 2018 on SiriusXM 132

Robert Shiller and Robin Greenwood

Air Time: 1:00 pm
Featuring: Robin Greenwood, Robert Shiller

Featured Guests

Robin Greenwood

George Gund Professor of Finance and Banking, Harvard Business School

More

Robin Greenwood is the George Gund Professor of Finance and Banking at Harvard Business School. At HBS he is the Faculty director of the Behavioral Finance and Financial Stability project, co-chairs the Business Economics PhD program, and serves as Finance Unit Head. He is a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York and a Research Associate at the National Bureau of Economics Research.

Robin’s research is in behavioral and institutional finance, with a particular focus on “macro-level” market inefficiencies such as asset price bubbles. He has also coauthored research on the role of government and central banks in the debt markets. His research awards include the 2015 Brattle Group Distinguished Paper for an outstanding corporate finance paper published in the Journal of Finance, and the inaugual 2014 Jack Treynor Prize awarded by the Institute for Quantitative Research in Finance.

Robin received a Ph.D. from Harvard in Economics, and B.S. degrees in Economics and Mathematics at MIT. He has taught in both years of the MBA curriculum as well as the PhD program.
Full Profile

Robert Shiller

Sterling Professor of Economics; Professor of Finance and Fellow, International Center for Finance, Yale School of Management, Yale University

More

Robert J. Shiller is Sterling Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management. He received his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets.

His 1989 book Market Volatility (MIT Press) is 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) (available via subscribing libraries on Oxford Online) proposes a variety of new risk-management contracts, such as futures contracts in national incomes or securities based on real estate that would permit the management of risks to standards of living. His book Irrational Exuberance (Princeton 2000, Broadway Books, 2001; 2nd edition Princeton, 2005; 3rd edition Princeton 2015) is an analysis and explication of speculative bubbles, with special reference to the stock market and real estate. His book The New Financial Order: Risk in the 21st Century (Princeton University Press, 2003) is an analysis of an expanding role of finance, insurance, and public finance in our future. His book Subprime Solution: How the Global Financial Crisis Happened and What to Do about It, published in September 2008 by Princeton University Press, offers an analysis of the housing and economic crisis and a plan of action against it. He co-authored, with George A. Akerlof, Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism published in March 2009 by Princeton University Press. His book, Finance and the Good Society, was published in April 2012 by Princeton University Press. He wrote a second book with George Akerlof, Phishing for Phools: The Economics of Manipulation and Deception, which was published in 2015 by Princeton University Press.

He has been research associate, National Bureau of Economic Research since 1980, and wasco-organizer of NBER workshops: on behavioral finance with Richard Thaler since 1991-2015, and on macroeconomics and individual decision making (behavioral macroeconomics) with George Akerlof 1994-2007.

He was awarded the Nobel Prize in Economic Sciences jointly with Eugene Fama and Lars Peter Hansen in 2013.

He served as Vice President of the American Economic Association, 2005 and President of the Eastern Economic Association, 2006-07, and President of the American Economic Association for 2016.

He was co-founder of the firm Case Shiller Weiss, Inc. in 1991 with Prof. Karl Case of Wellesley Collge and Allan N. Weiss, a former student of his at Yale School of Management. The firm was sold to Corelogic, Inc. after 2002. This firm produced the Case-Shiller Home Price Indices that have traded on the Chicago Mercantile Exchange and are now published by Standard & Poor’s. He was also cofounder of the firm MacroMarkets LLC in 2002 which launched “Macroshares” representing oil and home prices, which were traded on the American Stock Exchange and the New York Stock Exchange. Since 2012 he has collaborated with Barclays Bank PLC on an array of financial indices and products.

He has been writing a regular column “Finance in the 21st Century” for Project Syndicate, which publishes around the world, since 2003 and “Economic View” for the New York Times since 2007.
Full Profile

Recent Episodes

Behind the Markets: September 7, 2018

Hosts Jeremy Siegel and Jeremy Schwartz are joined by Leornard Nakamura (Vice President & Economist, Federal Reserve Bank of Philadelphia) on the Friday, September 7, 2018 edition of Behind the Markets.Read More

Air Date: Friday, September 7, 2018

Behind the Markets: August 31, 2018

Host Jeremy Schwartz is joined by Corey Hoffstein (Chief Investment Officer, Newfound Research) on the Friday, August 31, 2018 edition of Behind the Markets.Read More

Air Date: Friday, August 31, 2018

Behind the Markets: August 17, 2018

Hosts Jeremy Siegel and Jeremy Schwartz are joined by Guy Petcho (Vice President; Global Macro Portfolio Manager, Voya Investment Management) and Greg Valliere (Chief Global Strategist, Horizon Investments) on the Friday, August 17, 2018 edition of Behind the Markets.Read More

Air Date: Friday, August 17, 2018

Behind the Markets: August 10, 2018

Hosts Jeremy Siegel and Jeremy Schwartz are joined by Andrew Stewart (Chief Investment Strategist, Exchange Capital Management) and Matthew McAleer (Equity Vice President-Director of Equity Strategies, Cumberland Advisors) on the Friday, August 10, 2018 edition of Behind the Markets.Read More

Air Date: Friday, August 10, 2018

Behind the Markets: August 3, 2018

Hosts Jeremy Siegel and Jeremy Schwartz are joined by Morgan Housel (Partner, Collaborative Fund) on the Friday, August 3, 2018 edition of Behind the Markets.Read More

Air Date: Friday, August 3, 2018