WorldCat Identities

Shiller, Robert J.

Overview
Works: 228 works in 935 publications in 5 languages and 17,970 library holdings
Genres: History  Conference proceedings 
Classifications: HG4910, 332.632220973
Publication Timeline
Key
Publications about  Robert J Shiller Publications about Robert J Shiller
Publications by  Robert J Shiller Publications by Robert J Shiller
Most widely held works about Robert J Shiller
 
Most widely held works by Robert J Shiller
Irrational exuberance by Robert J Shiller ( Book )
64 editions published between 2000 and 2009 in English and held by 3,527 WorldCat member libraries worldwide
"Robert J. Shiller offers an unconventional interpretation of recent U.S. stock market highs and shows that Alan Greenspan's term "irrational exuberance" is a good description of the mood behind the market. He warns that poorer performance may be in the offing and tells us how we - as a society and individually - can respond." "Irrational Exuberance is for individual investors as well as investment professionals, pension-plan sponsors, and endowment managers everywhere. It will be studied by policy makers and anyone from Wall Street to Main Street who doesn't want to be caught sitting on the speculative bubble if (or when) it bursts."--Jacket
Animal spirits : how human psychology drives the economy, and why it matters for global capitalism by George A Akerlof ( Book )
25 editions published between 2009 and 2010 in English and held by 1,836 WorldCat member libraries worldwide
The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, the authors, both economists, challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. They reassert the necessity of an active government role in economic policymaking by recovering the idea of "animal spirits", a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, they know that managing these animal spirits requires the steady hand of government; simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits (i.e. human psychology), in contemporary economic life, such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortune, and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. The authors then offer a road map for reversing the financial misfortunes besetting us today; they teach how leaders can channel animal spirits, the powerful forces of human psychology that are afoot in the world economy today, and making them work for and not against us
The subprime solution : how today's global financial crisis happened and what to do about it by Robert J Shiller ( Book )
27 editions published between 2008 and 2012 in English and held by 1,766 WorldCat member libraries worldwide
The subprime mortgage crisis of 2007-2008 has already wreaked havoc on the lives of millions and threatens to derail the U.S. economy and economies around the world. Here, economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response--a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.--From publisher description
The new financial order : risk in the 21st century by Robert J Shiller ( Book )
19 editions published between 2003 and 2008 in English and Undetermined and held by 1,506 WorldCat member libraries worldwide
Examines the impact of a rapidly evolving global economy on the twenty-first century financial world and presents six fundamental principles for using information technology and advanced financial theory to hedge risk
Market volatility by Robert J Shiller ( Book )
32 editions published between 1989 and 2001 in 3 languages and held by 1,473 WorldCat member libraries worldwide
Annotation
Reforming U.S. financial markets reflections before and beyond Dodd-Frank by Randy Kroszner ( )
14 editions published between 2011 and 2013 in English and Italian and held by 1,246 WorldCat member libraries worldwide
Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements. Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. Kroszner focuses on key areas for reform, including credit rating agencies and the mortgage securitization market. Shiller argues that reform must serve to make the full power of financial theory work for everyone--bringing the technology of finance to bear on managing risk, for example--and should acknowledge the reality of human nature. After brief discussions by four commentators, Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field
Finance and the good society by Robert J Shiller ( Book )
20 editions published between 2012 and 2013 in English and Italian and held by 1,106 WorldCat member libraries worldwide
The reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. New York Times best-selling economist Robert Shiller is no apologist for the sins of finance--he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgages meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation--not less--and finance should play a larger role in helping society achieve its goals. Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers--from CEO, investment manager, and banker to insurer, lawyer, and regulator--can and do manage, protect, and increase these assets. He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole
Macro markets : creating institutions for managing society's largest economic risks by Robert J Shiller ( Book )
36 editions published between 1993 and 2007 in English and Spanish and held by 788 WorldCat member libraries worldwide
Such new markets could dwarf our stock markets in their activity and significance
The flaw ( Visual )
1 edition published in 2012 in English and held by 352 WorldCat member libraries worldwide
Inspired by former U.S. Fed Chairman Alan Greenspan's acknowledgment that he'd found a flaw in his model of how the world worked, The flaw looks at the forces underlying the credit bubble that caused the financial crash which nearly destroyed the world economy
Animal spirits : wie Wirtschaft wirklich funktioniert by George A Akerlof ( Book )
4 editions published in 2009 in German and held by 122 WorldCat member libraries worldwide
Viel zu lange hat die Ökonomie einen der wichtigsten Faktoren im wirtschaftlichen Agieren von Menschen vernachlässigt: die Animal Spirits, also die nicht-rationalen Aspekte unseres Handelns. Ein großer Fehler, sagen George A. Akerlof und Robert J. Shiller, dessen Folgen wir in der Wirtschaftskrise täglich neu zu spüren bekommen. Sie fordern, das Verhalten des Menschen in der Wirtschaft wieder stärker zu berücksichtigen, anstatt sich auf reinen Marktglauben zu konzentrieren. Dieses Buch ist das Ergebnis ihrer langjährigen Forschungsarbeit. Es zeigt uns, wie erfolgreiches ökonomisches Denken und Handeln in der Zukunft aussehen muss. George A. Akerlof ist Professor für Wirtschaftswissenschaften in Berkeley und erhielt 2001 den Wirtschaftsnobelpreis, zusammen mit Joseph E. Stiglitz und Michael Spence. Robert J. Shiller ist Ökonomieprofessor in Yale. Bei Campus erschienen von ihm bislang" Irrationaler Überschwang"(2000) und" Die neue Finanzordnung"(2003). (VLB)
Les esprits animaux by George A Akerlof ( Book )
5 editions published between 2009 and 2013 in French and held by 106 WorldCat member libraries worldwide
The flaw markets, money, mortgages and the great American meltdown ( Visual )
2 editions published in 2010 in English and held by 106 WorldCat member libraries worldwide
Inspired by former U.S. Fed Chairman Alan Greenspan's acknowledgment that he'd found a flaw in his model of how the world worked, 'The flaw' attempts to explain the underlying causes of the financial crisis in more depth than any documentary to date. The film tells the story of the credit bubble that caused the financial crash, and presents an original and compelling account of the toxic combination of forces that nearly destroyed the world economy
World income components : measuring and exploiting international risk sharing opportunities by Robert J Shiller ( Book )
15 editions published between 1995 and 2001 in English and held by 95 WorldCat member libraries worldwide
We provide methods of decomposing the variance of world national incomes into components in such a way as to indicate the most important risk-sharing opportunities, and, therefore, the most important missing international risk markets to establish. One method uses a total variance reduction criterion, and identifies risk-sharing opportunities in terms of eigenvectors of a variance matrix of residuals produced when country incomes are regressed on world income. Another method uses a mean-variance utility-maximizing criterion and identifies risk-sharing opportunities in terms of eigenvectors of a variance matrix of deviations of country incomes from their respective contract-year shares of world income. The two methods are applied using Summers-Heston (1991) data on national incomes for large countries 1950-1990, each using two different methods of estimating variances. While these data are not sufficient to provide accurate estimates of the requisite variance matrices of (transformed) national incomes, the results are suggestive of important new markets that could actually be created, and show that there may be large welfare gains to creating some of these markets
Moral hazard in home equity conversion by Robert J Shiller ( Book )
11 editions published between 1998 and 2001 in English and held by 94 WorldCat member libraries worldwide
Home equity conversion as presently constituted or proposed usually does not deal well with the potential problem of moral hazard. Once home-owners know that the risk of poor market performance of their homes is borne by investors, they have an incentive to neglect to take steps to maintain the homes' values. They may thus create serious future losses for the investors. A calibrated model for assessing this moral hazard risk is presented that is suitable for a number of home equity conversion forms: 1) reverse mortgages, 2) home equity insurance, 3) shared appreciation mortgages, 4) housing partnerships, 5) shared equity mortgages and 6) sale of remainder interest. Modifications of these forms involving real estate price indices are proposed that might deal better with the problem of moral hazard
Human behavior and the efficiency of the financial system by Robert J Shiller ( Book )
11 editions published between 1998 and 2001 in English and held by 90 WorldCat member libraries worldwide
Recent literature in empirical finance is surveyed in its relation to underlying behavioral principles, principles which come primarily from psychology, sociology and anthropology. The behavioral principles discussed are: prospect theory, regret and cognitive dissonance mental compartments, overconfidence, over- and underreaction, representativeness heuristic disjunction effect, gambling behavior and speculation, perceived irrelevance of history thinking, quasi-magical thinking, attention anomalies, the availability heuristic contagion, and global culture
Labor income indices designed for use in contracts promoting income risk management by Robert J Shiller ( Book )
12 editions published between 1995 and 1998 in English and held by 90 WorldCat member libraries worldwide
Labor income indices are created for groupings of individuals, using data from the Panel Study of Income Dynamics. People are grouped by a clustering algorithm based on an estimated transition matrix between jobs, by education level, and by skill category. The groupings are defined so that relatively few people move between them. For each of the groupings, we generate a labor income index using a hedonic repeated-measures regression methodology. Similarities between pairs of indices and between indices and individual labor incomes are described. It is argued that indices like those presented here might someday be used in settlement formulae in contracts promoting income risk management
Indexed units of account : theory and assessment of historical experience by Robert J Shiller ( Book )
11 editions published in 1998 in English and held by 89 WorldCat member libraries worldwide
An indexed unit of account is a money analogue, used to express prices; the unit's purchasing power is defined by an index. Indexed units of account are not true money in that they are not used as a medium of exchange. The first successful indexed unit of account Unidad de Fomento (UF) has been used in Chile since 1967, and has been copied in Colombia Ecuador, Mexico, and Uruguay. The reasons for creating such units are discussed from the standpoint of monetary theory. The experience with such units in Chile is discussed. It is argued that important practical problems in implementing indexation were solved by creating such" indexed units of account. The existing indexed units of accounts may not be ideal for all purposes, however, and alternative definitions of the units, relating the units to measures of income, may also be advantageous. The indexed units of account might someday be monetized, i.e., institutions such as debit cards may be devised to allow the units to be used for all transactions, so that the role of conventional money might be reduced to clearing-house functions only
A scorecard for indexed government debt by John Y Campbell ( Book )
13 editions published in 1996 in English and held by 89 WorldCat member libraries worldwide
Within the last five years, Canada, Sweden and New Zealand have joined the ranks of the United Kingdom and other countries in issuing government bonds that are indexed to inflation. Some observers of the experience in these countries have argued that the United States should follow suit. This paper provides an overview of the issues surrounding debt indexation, and it tries to answer three empirical questions about indexed debt. First, how different would the returns on indexed bonds be from the returns on existing US debt instruments? Second, how would indexed bonds affect the government's average financing costs? Third, how might the Federal Reserve be able to use the information contained in the prices of indexed bonds to help formulate monetary policy? The paper concludes with a more speculative discussion of the possible consequences of increased use of indexed debt contracts by the private sector
Measuring bubble expectations and investor confidence by Robert J Shiller ( Book )
12 editions published between 1999 and 2000 in English and held by 87 WorldCat member libraries worldwide
This paper presents evidence on attitude changes among investors in the US stock market. Two basic attitudes are explored: bubble expectations and investor confidence. Semiannual time-series indicators of these attitudes are presented for US stock market institutional investors based on questionnaire survey results 1989 1998, from surveys that I have derived in collaboration with Fumiko Kon-Ya and Yoshiro Tsutsui. Five different time-series indicators of whether there is among investors an expectation of a speculative bubble, an unstable situation with expectations for increase in the short run only, are produced. Four different time-series indicators of whether there is an expectation of a negative speculative bubble are presented. Four different time-series indicators of investor confidence, that nothing can go wrong, are produced. Time-series variation for these indicators is significant, and cross correlations are generally positive. A bubble expectations index, a negative-bubble expectations index, and an investor confidence index are derived from these indicators. Behavior of the indicators and indexes through time is examined, and the indexes are compared with other economic variables. A notable finding is a degree of high-frequency fluctuation, semester to semester, in the indexes
Home equity insurance by Robert J Shiller ( Book )
10 editions published between 1994 and 2000 in English and Spanish and held by 83 WorldCat member libraries worldwide
Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such policies is presented here, and conceptual issues are discussed. Choices include pass-through futures and options, in which the insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put options on real estate. Another choice is a life-event-triggered insurance policy, in which the homeowner pays regular fixed insurance premia and is entitled to a claim if both there is a sufficient decline in the real estate price index and a specified life event (such as a move beyond a certain geographical distance) occurs. Pricing of the premia to cover loss experience is derived, and tables of break-even policy premia are shown, based on estimated models of Los Angeles housing prices 1971- 91
 
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Audience level: 0.38 (from 0.20 for The flaw ... to 0.92 for Moral haza ...)
Alternative Names
Shiller, R. J. 1946-
Shiller, Robert 1946-
Shiller, Robert James.
Shiller, Robert James, 1946-
シラー, ロバート・J
Languages
English (326)
French (5)
German (4)
Italian (2)
Spanish (2)
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