Nobel prize winner to visit Wellington
Professor Clive Granger, co-winner of this year's Nobel Prize for Economics, is to speak at a conference, co-hosted by
Victoria University, later this week.
Professor Granger, from the University of California at San Diego, will speak at the 12th meeting of the New Zealand
Econometrics Study Group. The meeting, to be opened by Reserve Bank Governor Dr Alan Bollard, will be held at the
Reserve Bank on Friday October 17 and Victoria University's School of Law on Saturday October 18.
It was announced last week that Professor Granger had won the prize with Professor Robert Engle from New York
University. The two academics will share the $US1.3 million prize which was instituted in 1968 by the Bank of Sweden.
Professor Granger won the prize for his significant discovery of methods of analysing economic time series with common
trends.
Dr Stephen Burnell, Head of the School of Economics and Finance, said it was an honour to have Professor Granger speak
at the University.
"Time series – where economists use data over time to test theories and estimate relationships – are vital to our
research. The work of Professor Granger in devising new statistical methods for analysing random fluctuations have been
revolutionary. In financial markets, volatility is particularly significant because the value of shares and other
financial instruments depends on their risk."
The meeting of the Econometrics Study Group is sponsored by the Reserve Bank, Statistics Research Associates Ltd and
Victoria's School of Economics and Finance.
For more information, contact Professor Viv Hall on 04 463 5081
Conference programme: http://www.vuw.ac.nz/nzesg/nzesg2003/program.html