Professor Robert Engle, co-recipient of the 2003 Nobel Prize in Economics was awarded a honorary doctorate of science (D.Sc.)
Robert F. Engle, co-recipient of the 2003 Nobel Prize in Economics, is a leading expert in time series analysis and the creator of autoregressive conditional heteroskedasticity (ARCH), a method for the statistical modelling of time-varying volatility. His work revolutionized financial econometrics and is widely used in asset pricing and risk management. He is Co-Director of the NYU Stern Volatility Institute and co-founded the Society for Financial Econometrics. Educated at Williams College and Cornell University, he shifted from physics to economics 鈥� a fortuitous change resulting in a stellar career with contributions to the fields of economics, finance, statistics and most recently on the climate crisis with research on climate-related financial risk.