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June 20, 2002

Media Contact:  Dolores Davies, (858) 534-5994

LEADING UCSD ECONOMIST HONORED 
BY AMERICAN ECONOMIC ASSOCIATION

Clive Granger, a professor of economics at the University of California, San Diego and a world-renowned econometrician, has been honored for his achievements and contributions in the field of economics.

Granger, who helped to create one of the world’s premier centers for the study of econometrics at UCSD, has been chosen as a distinguished fellow of the American Economic Association for 2002.  The American Economic Association established the award in 1965 to recognize economists of high distinction in the United States and Canada.  Granger is one of only two economists – along with Arnold Zeller of the University of Chicago – to receive the prestigious award this year.

Granger has also been honored by The British Academy, which recently selected him as a corresponding fellow.  This fellowship acknowledges scholars residing overseas for attaining ‘high international standing’ in humanities or social sciences. 

Granger is a leading expert on time series econometrics, the statistical analysis of economic data accruing over time, such as stock market prices, electricity use, or consumption expenditures.  A pioneer of modern economics, he has published widely in the areas of statistics and econometrics, forecasting, finance and demographics.  Over his long and productive career, Granger has received numerous awards and honors for his work, including an honorary doctorate degree from his alma mater, the University of Nottingham.

For more than three decades, he has been developing methods that help us understand the properties of time series data.  In the 1960s, he pioneered spectral analysis, a technique for decomposing series into their component parts.  In the 1970s, building upon work in physics, he developed the “Granger test” for causality, a method for identifying ‘what causes what’ when two series move together.  The test is now routinely used by applied economists.  In the 1980s, Granger pioneered cointegration, a methodology which can help us understand the long run relationship between pairs of economic variables, such as changes in the money supply and inflation. 

Granger is the author of ten books on economics including his most recently published book, “Modeling Nonlinear Dynamic Relations” (Oxford University Press, 1993).  He has had over 200 papers selected, published or submitted, has published interviews in the International Journal of Forecasting and Econometric Theory, and has been a featured speaker at academic conferences throughout the world.