Tim Bollerslev
Encyclopedia
Tim Peter Bollerslev is a Danish economist, currently the Juanita and Clifton Kreps Professor of Economics at Duke University
. A fellow of the Econometric Society
, Bollerslev is known for his ideas for measuring and forecasting financial market
volatility
and for the GARCH (generalized autoregressive conditional heteroskedasticity) model. He is editor of the Journal of Applied Econometrics.
in Denmark. He continued his studies in the U.S., earning his Ph.D. in 1986 from the University of California at San Diego with a thesis written under the supervision of Robert F. Engle
(Nobel Prize in Economics winner in 2003).
After his graduate studies, Bollerslev taught at the Northwestern University
between 1986–1995 and at the University of Virginia
between 1996-1998. Since 1998 he is the Juanita and Clifton Kreps Professor of Economics at Duke University
.
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
. A fellow of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
, Bollerslev is known for his ideas for measuring and forecasting financial market
Financial market
In economics, a financial market is a mechanism that allows people and entities to buy and sell financial securities , commodities , and other fungible items of value at low transaction costs and at prices that reflect supply and demand.Both general markets and...
volatility
Volatility (finance)
In finance, volatility is a measure for variation of price of a financial instrument over time. Historic volatility is derived from time series of past market prices...
and for the GARCH (generalized autoregressive conditional heteroskedasticity) model. He is editor of the Journal of Applied Econometrics.
Biography
Tim Bollerslev received his MSc in economics and mathematics in 1983 from the University of AarhusUniversity of Aarhus
Aarhus University , located in the city of Aarhus, Denmark, is Denmark's second oldest and second largest university...
in Denmark. He continued his studies in the U.S., earning his Ph.D. in 1986 from the University of California at San Diego with a thesis written under the supervision of Robert F. Engle
Robert F. Engle
Robert Fry Engle III is an American economist and the winner of the 2003 Nobel Memorial Prize in Economic Sciences, sharing the award with Clive Granger, "for methods of analyzing economic time series with time-varying volatility ".-Biography:Engle was born in Syracuse, New York and went on to...
(Nobel Prize in Economics winner in 2003).
After his graduate studies, Bollerslev taught at the Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
between 1986–1995 and at the University of Virginia
University of Virginia
The University of Virginia is a public research university located in Charlottesville, Virginia, United States, founded by Thomas Jefferson...
between 1996-1998. Since 1998 he is the Juanita and Clifton Kreps Professor of Economics at Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
.