Richard Blundell
Encyclopedia
Richard Blundell, CBE
, FBA
(born 1 May 1952) is a British
Economist
and Econometrician.
He is currently the David Ricardo
Professor of Political Economy
at University College London
and Research Director at Institute for Fiscal Studies
. He is also Director of the ESRC Centre for the Microeconomic Analysis of Public Policy at IFS.
He is a Fellow of the Econometric Society
(1991), Fellow of the British Academy
(1996), Honorary Member of the American Economic Association
(2001), Honorary Member American Academy of Arts and Sciences
(2002) and Honorary Fellow of the Institute of Actuaries
(2003).
In 1995, he was the recipient of the Yrjö Jahnsson Award
given every two years to the best young economist in Europe, for his work in microeconometrics and the analysis of labour supply, welfare reform and consumer behaviour. In 2000 he was awarded the Econometric Society
Frisch Medal
awarded every two years for empirical or theoretical applied research published in Econometrica
during the previous five years. In 2008 he was recipient of the Jean-Jacques Laffont Prize 2008 given to an international high level economist whose research combines both the theoretical and applied aspects of economics.
He was co-editor of Econometrica
from 1997-2001 and co-editor of the Journal of Econometrics
from 1992 to 1997.
In 2004 he was President of the European Economic Association
. In 2006 he was President of the Econometric Society
. He is currently President of the Royal Economic Society
.
He received his BSc in Economics and Statistics (1st Class Honours) from University of Bristol
in 1973. He received his Master degree in Econometrics and Mathematical Economics from LSE
in 1975. He was awarded an Honorary Doctorate of the University of St. Gallen
, Switzerland in 2003.
He has published six books and many articles on Econometrics
, Microeconomics
, Consumer Behaviour
, Public Economics and Labour Economics
.
CBE
CBE and C.B.E. are abbreviations for "Commander of the Order of the British Empire", a grade in the Order of the British Empire.Other uses include:* Chemical and Biochemical Engineering...
, FBA
British Academy
The British Academy is the United Kingdom's national body for the humanities and the social sciences. Its purpose is to inspire, recognise and support excellence in the humanities and social sciences, throughout the UK and internationally, and to champion their role and value.It receives an annual...
(born 1 May 1952) is a British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
Economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and Econometrician.
He is currently the David Ricardo
David Ricardo
David Ricardo was an English political economist, often credited with systematising economics, and was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and John Stuart Mill. He was also a member of Parliament, businessman, financier and speculator,...
Professor of Political Economy
Political economy
Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process. Political economy originated in moral philosophy...
at University College London
University College London
University College London is a public research university located in London, United Kingdom and the oldest and largest constituent college of the federal University of London...
and Research Director at Institute for Fiscal Studies
Institute for Fiscal Studies
The Institute for Fiscal Studies is an economic research institute based in London, United Kingdom which specialises in UK taxation and public policy...
. He is also Director of the ESRC Centre for the Microeconomic Analysis of Public Policy at IFS.
He is a Fellow of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
(1991), Fellow of the British Academy
British Academy
The British Academy is the United Kingdom's national body for the humanities and the social sciences. Its purpose is to inspire, recognise and support excellence in the humanities and social sciences, throughout the UK and internationally, and to champion their role and value.It receives an annual...
(1996), Honorary Member of the American Economic Association
American Economic Association
The American Economic Association, or AEA, is a learned society in the field of economics, headquartered in Nashville, Tennessee. It publishes one of the most prestigious academic journals in economics: the American Economic Review...
(2001), Honorary Member American Academy of Arts and Sciences
American Academy of Arts and Sciences
The American Academy of Arts and Sciences is an independent policy research center that conducts multidisciplinary studies of complex and emerging problems. The Academy’s elected members are leaders in the academic disciplines, the arts, business, and public affairs.James Bowdoin, John Adams, and...
(2002) and Honorary Fellow of the Institute of Actuaries
Institute of Actuaries
The Institute of Actuaries was one of the two professional which represented actuaries in the United Kingdom . The Institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland...
(2003).
In 1995, he was the recipient of the Yrjö Jahnsson Award
Yrjö Jahnsson Award
The Yrjö Jahnsson Award is a biennial award given by the Finnish Yrjö Jahnsson Foundation and the European Economic Association to European economists under the age of 45 "who have made a contribution in theoretical and applied research that is significant to the study of economics in Europe." ...
given every two years to the best young economist in Europe, for his work in microeconometrics and the analysis of labour supply, welfare reform and consumer behaviour. In 2000 he was awarded the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
Frisch Medal
Frisch Medal
The Frisch Medal is an award in econometrics given by the Econometric Society. It is awarded every two years for empirical or theoretical applied research published in Econometrica during the previous five years...
awarded every two years for empirical or theoretical applied research published in Econometrica
Econometrica
Econometrica is a peer-reviewed academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell. Econometrica is one of the most highly ranked economics journals in the world...
during the previous five years. In 2008 he was recipient of the Jean-Jacques Laffont Prize 2008 given to an international high level economist whose research combines both the theoretical and applied aspects of economics.
He was co-editor of Econometrica
Econometrica
Econometrica is a peer-reviewed academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell. Econometrica is one of the most highly ranked economics journals in the world...
from 1997-2001 and co-editor of the Journal of Econometrics
Journal of Econometrics
The Journal of Econometrics is a leading scholarly journal in econometrics. It was first published in 1973. Its current editors are A.R. Gallant, J.F. Geweke, C. Hsiao, and P.M...
from 1992 to 1997.
In 2004 he was President of the European Economic Association
European Economic Association
The European Economic Association is a professional academic body which links European economists. It was founded in the mid-1980s. Its first annual congress was in 1986 in Vienna, Austria...
. In 2006 he was President of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
. He is currently President of the Royal Economic Society
Royal Economic Society
The Royal Economic Society is incorporated by a Royal Charter dated 2 December 1902. It is one of the oldest economic associations in the world. Currently it has over 3,300 individual members, of whom 60% live outside the United Kingdom...
.
He received his BSc in Economics and Statistics (1st Class Honours) from University of Bristol
University of Bristol
The University of Bristol is a public research university located in Bristol, United Kingdom. One of the so-called "red brick" universities, it received its Royal Charter in 1909, although its predecessor institution, University College, Bristol, had been in existence since 1876.The University is...
in 1973. He received his Master degree in Econometrics and Mathematical Economics from LSE
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
in 1975. He was awarded an Honorary Doctorate of the University of St. Gallen
University of St. Gallen
The University of St. Gallen is a public research university located in St. Gallen, Switzerland. It is specialized in the fields of business administration, economics, law, and international affairs. The University of St. Gallen is also known as HSG, which is an abbreviation of its former German...
, Switzerland in 2003.
He has published six books and many articles on Econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
, Microeconomics
Microeconomics
Microeconomics is a branch of economics that studies the behavior of how the individual modern household and firms make decisions to allocate limited resources. Typically, it applies to markets where goods or services are being bought and sold...
, Consumer Behaviour
Consumer behaviour
Consumer behaviour is the study of when, why, how, and where people do or do not buy a product. It blends elements from psychology, sociology, social anthropology and economics. It attempts to understand the buyer decision making process, both individually and in groups...
, Public Economics and Labour Economics
Labour economics
Labor economics seeks to understand the functioning and dynamics of the market for labor. Labor markets function through the interaction of workers and employers...
.