Lars Peter Hansen quotes
Lars Peter Hansen is an American economist, renowned for his work in econometrics and macroeconomics. His development of the Generalized Method of Moments greatly influenced empirical research in economics and finance. He has received numerous honors, including the Nobel Prize in Economic Sciences. Here are 9 of his quotes:
There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road.
Lars Peter Hansen
Early on, in discussions of financial oversight, people would say, 'Well, this is a very complicated problem, therefore it requires a complicated solution.' And at that step, I would say, 'Well, wait a minute. Just because it's a complicated problem doesn't mean the best course of action immediately is one that's complicated.'
Lars Peter Hansen
I view the work I've done related to statistics and economics as roughly speaking, how to do something without having to do everything. So economic models -- how any model by definition isn't right. When someone just says, 'Oh, your model is wrong.' That's not much of an insight. What you want to know is, is wrong in important ways or wrong in ways that are less relevant? And you want to know what does the data really say about the model?
Lars Peter Hansen
Lars Peter Hansen
Occupation: American Economist
Born: October 26, 1952
Quotes count: 9
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