Robert F. Engle biography

Profile

Born in New York in 1942, economist Robert F. Engle is best known for winning the 2003 Nobel Memorial Prize in Economic Sciences for developing methods to analyze "economic time series with time-varying volatility," or unpredictable movements in the financial market. He shared the award with Clive W.J. Granger. Engle and Granger's work led to the development of tools for analyzing stocks, enabling economists to make more accurate market forecasts.