Press Releases
Prof. Robert Engle Named to US Department of the Treasury’s Financial Research Advisory Committee
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Nobel Laureate and Professor Robert Engle was named as a committee member of the US Treasury’s Office of Financial Research’s (OFR) Financial Research Advisory Committee. The OFR, established as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, created the committee to provide advice, recommendations, analysis and information to the OFR.
The Committee will provide advice to the OFR on topics including data management, data standards and research methodologies as well as inform the OFR’s research-and-data agendas and to help the OFR fulfill its mission.
Professor Engle, the Michael Armellino Professor of Finance at NYU Stern, was awarded the 2003 Nobel Prize in Economics for his research on the concept of autoregressive conditional heteroskedasticity (ARCH). He developed this method for statistical modeling of time-varying volatility and demonstrated that these techniques accurately capture the properties of many time series. Professor Engle shared the prize with Clive W.J. Granger of the University of California at San Diego. Professor Engle is also the Director of Stern’s Volatility Institute and a co-founding president of The Society for Financial Econometrics (SoFiE), a global non-profit organization housed at NYU.
The Committee will hold its inaugural meeting on December 5 in Washington, DC.
Read the US Treasury’s press release about the Financial Research Committee.
The Committee will provide advice to the OFR on topics including data management, data standards and research methodologies as well as inform the OFR’s research-and-data agendas and to help the OFR fulfill its mission.
Professor Engle, the Michael Armellino Professor of Finance at NYU Stern, was awarded the 2003 Nobel Prize in Economics for his research on the concept of autoregressive conditional heteroskedasticity (ARCH). He developed this method for statistical modeling of time-varying volatility and demonstrated that these techniques accurately capture the properties of many time series. Professor Engle shared the prize with Clive W.J. Granger of the University of California at San Diego. Professor Engle is also the Director of Stern’s Volatility Institute and a co-founding president of The Society for Financial Econometrics (SoFiE), a global non-profit organization housed at NYU.
The Committee will hold its inaugural meeting on December 5 in Washington, DC.
Read the US Treasury’s press release about the Financial Research Committee.