Free Public Program Features Remarks from Nobel-Prize Recipient | October 6, 2017
Truman Medal for Economic Policy to be Awarded to Robert Shiller
KANSAS CITY, Mo. – The 2017 Truman Medal for Economic Policy will be awarded to economist Robert Shiller in recognition of his accomplished career as an economic policy developer and educator. The award will be presented on Oct. 23, 2017, at the Plaza Branch of the Kansas City Public Library. The free public program begins at 6:30 p.m. with a reception preceding at 6 p.m. The award ceremony will be followed by remarks from Shiller.
The Truman Medal is awarded every two years by the medal’s organizers, which include the Truman Library Institute, the Henry W. Bloch School of Management at UMKC, The Economic Club of Kansas City and the Missouri Council on Economic Education. Past honorees include Alan Greenspan (2005), George P. Schultz (2007), Paul Volcker (2009), Allan Meltzer (2011), Alice Rivlin (2013) and John Taylor (2015).
On behalf of the Truman Medal’s organizers, Esther George, president of the Federal Reserve Bank of Kansas City, will present the award to Shiller in recognition of his career as an educator, researcher and developer of financial and behavioral economic policy and practice. Shiller is one of the creators of the Case-Shiller indices, widely followed measures of U.S. residential real estate prices.
His research on how human psychology drives the economy has enhanced understanding of the financial markets. He has recommended policy changes to lessen the likelihood and severity of asset bubbles which are inherent characteristics of all asset markets. Shiller is the Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management’s International Center for Finance. In 2013, he was awarded the Nobel Prize in Economic Science, along with Eugene Fama and Lars Hansen, for their empirical analysis of asset prices.
In his acceptance remarks Dr. Shiller will talk about the importance of narrative in economic policy.
This event is free, but those planning to attend are encouraged to register in advance at TrumanLibraryInstitute.org/Medal.
The Truman Library Institute is the member-supported, nonprofit partner of the Harry S. Truman Library and Museum, one of 14 presidential libraries of the National Archives. The Truman Library Institute draws on President Truman’s legacy to enrich the public understanding of history, the presidency and America’s unique form of government. This mission is achieved through the development and funding of world-class museum exhibits, a robust international research grant program, public forums and nationally acclaimed education programs serving more than 40,000 students and teachers each year. Learn more at TrumanLibraryInstitute.org.