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Robert J. Shiller

Robert J. Shiller

Writing for PS since 2003
130 commentaries
1 videos & podcasts

Robert J. Shiller, a 2013 Nobel laureate in economics, is Professor of Economics at Yale University and the co-creator of the Case-Shiller Index of US house prices. He is the author of Irrational Exuberance, Phishing for Phools: The Economics of Manipulation and Deception (with George Akerlof), and Narrative Economics: How Stories Go Viral and Drive Major Economic Events.

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  1. Should You Buy a Home in the US?
    shiller130_Jeffrey GreenbergUniversal Images Group via Getty Images_house market Jeffrey GreenbergUniversal Images Group via Getty Images

    Should You Buy a Home in the US?

    Oct 25, 2021 Robert J. Shiller emphasizes the importance of long-term thinking in today’s elevated housing market.

  2. Making Sense of Sky-High Stock Prices
    shiller129_bluebay2014_getty Images_economics arrow bluebay2014_Getty Images

    Making Sense of Sky-High Stock Prices

    Nov 30, 2020 Robert J. Shiller, et al. explain why soaring equity valuations in five world regions may not be as absurd as many people think.

  3. Understanding the Pandemic Stock Market
    shiller128_Drew AngererGetty Images_NYSEUSstockmarket Drew Angerer/Getty Images

    Understanding the Pandemic Stock Market

    Jul 7, 2020 Robert J. Shiller explains why US equity prices remain afloat when cratering demand is dragging down investment and employment.

  4. The Two Pandemics
    shiller127_Artit AungpraphapornchaiGetty Images_coronavirusgraphrecession Artit Aungpraphapornchai/Getty Images

    The Two Pandemics

    Mar 31, 2020 Robert J. Shiller shows how the financial contagion triggered by the COVID-19 crisis has taken on a life of its own.

  5. The Trump Narrative and the Next Recession
    shiller126_ANDREW HARNIKAFPGetty Images_trump g7 summit Andrew Harnik/AFP/Getty Images

    The Trump Narrative and the Next Recession

    Aug 30, 2019 Robert J. Shiller thinks an economic downturn could upend a public story that has persisted and grown for nearly 50 years.

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  1. bildt109_JAAFAR ASHTIYEHAFP via Getty Images_israelpalestinewestbank Jaafar Ashtiyeh/AFP via Getty Images
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    Hell in the Holy Land

    Carl Bildt fears that the stage is set for another major violent conflict between Israelis and Palestinians.
  2. strain11_Chip SomodevillaGetty Images_fed Chip Somodevilla/Getty Images
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    The Fed Must Not Flinch

    Michael R. Strain urges the US central bank to continue raising interest rates, despite signs of financial-sector fragility.
  3. sheng135_Carl CourtGetty Images_maldivesclimatechange Carl Court/Getty Images
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    Reimagining Development

    Andrew Sheng & Xiao Geng argue that grassroots engagement and social enterprise are crucial to achieving countries' aspirations.
  4. goldberg22_ERIC BARADATAFP via Getty Images_world bank ERIC BARADAT/AFP via Getty Images
    1

    What the World Bank Can Do About Climate Change

    Pinelopi Koujianou Goldberg explains how the institution can maximize its contribution to the global net-zero agenda.
  5. GettyImages-1171447879
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    Richard Haass on Russia, Taiwan, and US democracy

    Richard Haass explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
  6. buiter45_Jabin BotsfordThe Washington Post via Getty Image_jeromepowell Jabin Botsford/The Washington Post via Getty Images
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    Price Stability vs. Financial Stability?

    Willem H. Buiter

    If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.

     thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
  7. frankel145_ Richard Baker In Pictures via Getty Images_exchangerates Richard Baker/In Pictures via Getty Images
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    Fifty Years of Floating Currencies

    Jeffrey Frankel

    The half-century since the official demise of the Bretton Woods system of fixed exchange rates has shown the benefits of what replaced it. While some may feel nostalgic for the postwar monetary system, its collapse was inevitable, and what looked like failure has given rise to a remarkably resilient regime.

     explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
  8. harrington34_Drew AngererGetty Images_avril haines Drew Angerer/Getty Images
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    What Do America’s Spies Really Think About China?

    Kent Harrington thinks the intelligence community’s annual threat assessment should have delved deeper on the issue.
  9. grafton2_ SIMON MAINAAFP via Getty Images_water SIMON MAINA/AFP via Getty Images
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    Waking Up to the World’s Water Crisis

    Quentin Grafton, et al. see three overarching priorities for the first global water conference in almost a half-century.

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