Engle, Robert F.

Engle, Robert F. extract from Britannica Online.

(born November 1942, Syracuse, N.Y., U.S.) U.S. economist. After graduating from Cornell University (M.S., 1966; Ph.D., 1969), Engle taught at such universities as the Massachusetts Institute of Technology and the University of California at San Diego and held associate editorships on several academic journals. In the 1970s and '80s he developed improved mathematical techniques for the evaluation and more-accurate forecasting of risk, which enabled researchers to test if and how volatility in one period was related to volatility in another period. His work had particular relevance in financial market analysis and enabled economists to make more-accurate forecasts. In 2003 he shared the Nobel Prize for Economics with Clive W.J. Granger.

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