Awards & Prizes
Professor Robert F. Engle
Professor Robert F. Engle is Professor Emeritus in the Management of Financial Services at New York University’s Stern School of Business. He was awarded the 2003 Nobel Memorial Prize in Economic Sciences, sharing the honor with Clive Granger, for his pioneering work on analyzing economic time series with time-varying volatility.
His development of the ARCH (Autoregressive Conditional Heteroskedasticity) model revolutionized the field of financial econometrics and remains a cornerstone of modern risk management practices.
In addition to his academic achievements, Professor Engle founded the Volatility and Risk Institute at NYU Stern, which has now become the Volatility and Risk Institute (VRI) that he co-directs with Richard Berner. The VRI is home to the V-LAB platform, which provides real-time data and insights on global systemic risk and many novel risks as they arise. His recent research is focused on climate risk but continues to shape financial econometrics, macroeconomic forecasting, and quantitative risk modeling. With Eric Ghysels, he founded the highly successful Society for Financial Econometrics, SoFiE. He holds a PhD in economics from Cornell University and has held faculty positions at UC San Diego and MIT.