People’s predictions of long-term home price growth were wildly optimistic in the early 2000s but have become more cautious since the Great Recession, according to a study co-authored by Robert Shiller of Yale SOM.
We asked the Nobel Prize-winning Yale economist to reflect on an unexpected source of research information and inspiration. He writes that Google Ngram Viewer can provide important insights about how people saw economic events as they unfolded.
We asked Yale SOM’s Robert Shiller, whose latest book is 'Narrative Economics,' to tell us what collective stories are forming around the pandemic and what they might mean for our economic future.
Nobel Prize-winning Yale economist Robert Shiller examines how the stories we tell about our lives and our society can spread from person to person, changing shared perceptions of events and shaping economic behavior.
Yale SOM’s Robert Shiller examines how the stock market rise of the 1920s, the crash of 1929, and the Great Depression that followed came to be seen as a tale of recklessness and divine punishment.
The best explanation for why prices go up, Yale's Robert Shiller writes, may be that we expect them to—until we don’t.
We are overdue for a recession, but economists can't say with much certainty when it will arrive.
A new paper looking at how investors assess the risk of a stock market crash in the next six months argues that negative media coverage of markets can play a role in investment decisions.
In a New York Times commentary, Yale’s Robert Shiller writes that attempts to measure the fundamental value of Bitcoin are intrinsically absurd.
We asked Professor Robert Shiller, who has written about the economic and psychological aspects of market speculation, if Bitcoin is a bubble.