Lars Peter Hansen, one of the three winners of this year’s Nobel Prize in Economic Sciences, is to visit Taiwan next year, Chung-Hua Institution for Economic Research (CIER) president Wu Chung-shu (吳中書) said.
Hansen is the son-in-law of Chiang Shou-chieh (蔣碩傑), the institution’s founder and first chairman, Wu added.
The CIER will invite Hansen, a professor at the University of Chicago, to attend a series of activities commemorating the 20th anniversary of Chiang’s death next year, Wu said.
Saying that Hansen has visited the country many times, Wu said that in addition to attending various Taiwan-sponsored international economic forums, the Nobel laureate has come to Taiwan before to see relatives or attend events commemorating his late father-in-law.
Chiang, a renowned economist who was an academic at Academia Sinica and a trusted economic adviser to former president Chiang Ching-kuo (蔣經國), was nominated for the Nobel Prize in Economic Sciences in 1982.
Wu said Hansen winning this year’s prize could be seen as redress for Chiang Shou-chieh not receiving the coveted award.
Hansen is a cofounder of the Becker Friedman Institute at the University of Chicago, which builds on the legacy of Milton Friedman.
The Royal Swedish Academy of Sciences gave the Nobel to Hansen and fellow US economists Eugene Fama and Robert Shiller on Monday for their research on how financial markets work and how assets are priced.
The three economists “laid the foundation for the current understanding of asset prices,” the academy said.
Their work spans almost 50 years, beginning with the finding made by Fama, who is also at the University of Chicago, that it is difficult to predict price movements in the short run. That conclusion forms the basis for the theory that financial markets are efficient and led to the development of stock-index funds.
Wu said that Shiller, 67, a Yale University professor, has also visited Taiwan several times, most recently in May to attend a seminar in Taipei. In November last year, he delivered a keynote speech at a forum sponsored by a local magazine.
Lin Ming-jen (林明仁), an associate professor of economics at National Taiwan University, said that he once attended a class given by Hansen while he was doing a doctorate at the University of Chicago.
“Hansen is a true master in both economics and finance,” Lin said.
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota on Monday said Hansen’s “remarkably general empirical methods free researchers from the need to make a range of empirically implausible statistical assumptions about the data that they are studying.”
Hansen served as Kocherlakota’s adviser at the University of Chicago.
The Ministry of Economic Affairs has fined Taobao NT$1.2 million (US$36,900) for advertisements that exceeded its approved business scope and ordered the Chinese e-commerce platform to make corrections in the first half of this year or its license would be revoked. Lawmakers have called for stricter supervision of Chinese e-commerce platforms and more stringent measures to prevent China from laundering its goods through Taiwan as US President Donald Trump’s administration cracks down on origin laundering. The legislature’s Finance Committee yesterday met to discuss policies to prevent China from dumping goods in Taiwan, inviting government agencies to report on the matter. Democratic Progressive Party
Taiwan and its Pacific ally Tuvalu on Tuesday signed two accords aimed at facilitating bilateral cooperation on labor affairs, according to Taiwan’s Ministry of Foreign Affairs (MOFA). The governments inked two agreements in Taipei, witnessed by Foreign Minister Lin Chia-lung (林佳龍) and visiting Deputy Tuvaluan Prime Minister Panapasi Nelesone, MOFA said in a news release. According to MOFA, the agreements will facilitate cooperation on labor issues and allow the two sides to mutually recognize seafarers’ certificates and related training. Taiwan would also continue to collaborate with Tuvalu across various fields to promote economic prosperity as well as the well-being of their
Taiwan would welcome the return of Honduras as a diplomatic ally if its next president decides to make such a move, Minister of Foreign Affairs Lin Chia-lung (林佳龍) said yesterday. “Of course, we would welcome Honduras if they want to restore diplomatic ties with Taiwan after their elections,” Lin said at a meeting of the legislature’s Foreign Affairs and National Defense Committee, when asked to comment on statements made by two of the three Honduran presidential candidates during the presidential campaign in the Central American country. Taiwan is paying close attention to the region as a whole in the wake of a
The Taipei District Prosecutors’ Office has continued its investigation into allegations of forged signatures in recall efforts today by searching the Chinese Nationalist Party’s (KMT) city chapter and questioning several personnel including the chapter director, according to media reports. Among those questioned and detained were KMT Taipei chapter director Huang Lu Chin-ju (黃呂錦茹), chapter secretary-general Chu Wen-ching (初文卿), chapter secretary Yao Fu-wen (姚富文) and first district committee executive director Tseng Fan-chuan (曾繁川). Prosecutors said they would not confirm reports about who had been summoned. The investigation centers on allegations that the ongoing recall campaigns targeting Democratic Progressive Party legislators Rosalia Wu (吳思瑤)
RSS