Robert Engle 101: Famous Nobel Prize-Winning Economist
Zatrun Published at March 02, 2024

Robert Engle who is the Famous Nobel Prize-Winning American Economist? in our article of, we are going to cover in detail everything you need to know about Robert Engle, the Nobel Prize-winning American economist that our readers are curious about.

Who is Robert Engle?

Robert Engle (born on November 10, 1942, in Syracuse, New York) is an American economist and statistician. He was awarded the Nobel Memorial Prize in Economic Sciences in 2003, along with Clive Granger, for their work on “methods of analyzing economic time series with time-varying volatility (ARCH).”

Engle was born in Syracuse, New York, to a Quaker family and received a BS degree in physics from Williams College. He then went on to receive MS and PhD degrees in economics and physics, respectively, from Cornell University in 1966 and 1969. After completing his PhD, he worked as an economics professor at the Massachusetts Institute of Technology from 1969 to 1977. In 1975, he joined the faculty at the University of California, San Diego (UCSD), where he retired in 2003. He currently serves as a Professor Emeritus and Research Professor at UCSD.

Robert Engle

He also works at the Stern School of Business at New York University, where he is known as the Michael Armellino Professor. At NYU, he teaches in the Master of Science program in Risk Management for Executives, which is offered in partnership with the Amsterdam Institute of Finance.


Robert Engle’s most significant contribution is his method for analyzing unpredictable movements in financial market prices and interest rates. Accurately defining and predicting these volatile movements is essential for quantifying and effectively managing risk. For example, risk measurement, option pricing, and financial derivatives all play an important role. Previous researchers had either assumed constant volatility or used simplistic tools. Engle developed new statistical volatility models that take into account the tendency of stock prices and other financial variables to move between periods of high and low volatility.

Nobel Prize: Robert Engle is an American economist and statistician who was awarded the 2003 Nobel Memorial Prize in Economic Sciences. He is the founder and director of the NYU-Stern Volatility Institute and publishes his systemic risk data weekly on the V-LAB site. Later, Engle and Eric Ghysels founded the Society for Financial Econometrics (SoFiE). In 2022, he took over former Secretary of State John Kerry’s position as Chairman of the Climate Finance Partners Advisory Board, which is one of the largest carbon offset funds in many countries, advising the KraneShares Global Carbon ETF or KRBN.

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