Clive Granger

Sir Clive William John Granger ( September 4, 1934 in Swansea, Wales, † 27 May 2009) was a British economist.

Life and work

Granger holds a Ph.D. from the University of Nottingham in 1959. He was a professor of economics at the University of California, San Diego, USA. He was on 8 October 2003 for his work on " methods of analyzing economic time series with common trends ( cointegration ) " was awarded the Nobel Prize in economics (see causality # econometrics, Granger - causality). As examples of the studied by Granger stationary time series, which vary only slightly by a predetermined amount, called the Royal Swedish Academy of Sciences of the relationship between wealth and consumption, exchange rates and price levels, and short and long-term interest rates.

The 2003 Nobel Prize he shared with Robert F. Engle, has received from the New York University, USA, who accepted the award " for methods of analyzing economic time series with time-varying volatility ( ARCH) ".

2005 Clive Granger was knighted.