Robert F. Engle

Robert Fry Engle III ( born November 10, 1942 in Syracuse / New York) is an American economist.

Overview

Engle is Professor of Management of Financial Services at New York University, USA. On October 8, 2003 Engle has been awarded by the Bank of Sweden Prize in Economic Sciences to the Bank of Sweden in memory of Alfred Nobel. He was honored for his achievements with regard to the development of methods of analyzing economic time series with time-varying volatility (see also autoregressive conditional heteroskedasticity ( ARCH) ).

His other scientific discoveries of a hypothesis test is one for the presence of ARCH effects in a time series.

The 2003 Nobel Prize he shared with Clive WJ Granger of the University of California, San Diego (UCSD ), USA, the price for methods of analyzing economic time series with common trends ( cointegration ) has been awarded.

Engle was honored as Financial Engineer of the Year 2011.