Stan Zin
Encyclopedia
Stanley Eugene Zin is a Canadian
economist
. He is currently the William R. Berkley Professor Economics and Business at the Leonard N. Stern School of Business, New York University
. From 1988 to 2009 he was the Richard M. Cyert
and Morris H. DeGroot
Professor of Economics and Statistics at the David A. Tepper School of Business (previously the Graduate School of Industrial Administration)
at Carnegie Mellon University
, and is a Research Associate at the National Bureau of Economic Research
.
Zin received his undergraduate education at the University of Windsor
and his graduate training at Wayne State University
and the University of Toronto
.
His research interests are in the areas of asset pricing, macroeconomics
and computational methods. He is well known for his work on Epstein-Zin preferences
which provide a recursive
specification of a utility function which separates the elasticity of intertemporal substitution
from the coefficient of relative risk aversion. For this contribution he was awarded the Frisch Medal
by the Econometric Society
.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
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...
. He is currently the William R. Berkley Professor Economics and Business at the Leonard N. Stern School of Business, New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
. From 1988 to 2009 he was the Richard M. Cyert
Richard Cyert
Richard Michael Cyert was an American economist and statistician who served as the sixth President of Carnegie Mellon University in Pittsburgh, Pennsylvania, United States.-Early life:...
and Morris H. DeGroot
Morris H. DeGroot
-Biography:Born in Scranton, Pennsylvania, DeGroot graduated from Roosevelt University and earned master's and doctor's degrees from the University of Chicago. DeGroot joined Carnegie Mellon in 1957 and became a University Professor, the school's highest faculty position.He wrote three books,...
Professor of Economics and Statistics at the David A. Tepper School of Business (previously the Graduate School of Industrial Administration)
Tepper School of Business
The Tepper School of Business is a private business school located on Carnegie Mellon University’s campus in Pittsburgh, Pennsylvania, USA.The school consistently ranks highly among the top business schools in the U.S., as well as in a wide range of specializations, such as finance,...
at Carnegie Mellon University
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
, and is a Research Associate at the National Bureau of Economic Research
National Bureau of Economic Research
The National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...
.
Zin received his undergraduate education at the University of Windsor
University of Windsor
The University of Windsor is a public comprehensive and research university in Windsor, Ontario, Canada. It is Canada's southernmost university. It has a student population of approximately 15,000 full-time and part-time undergraduate students and over 1000 graduate students...
and his graduate training at Wayne State University
Wayne State University
Wayne State University is a public research university located in Detroit, Michigan, United States, in the city's Midtown Cultural Center Historic District. Founded in 1868, WSU consists of 13 schools and colleges offering more than 400 major subject areas to over 32,000 graduate and...
and the University of Toronto
University of Toronto
The University of Toronto is a public research university in Toronto, Ontario, Canada, situated on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institution of higher learning in Upper Canada...
.
His research interests are in the areas of asset pricing, macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
and computational methods. He is well known for his work on Epstein-Zin preferences
Epstein-Zin preferences
In economics, Epstein-Zin/Weil preferences is a specification of recursive utility.A recursive utility function can be constructed from two components: a time aggregator that characterizes preferences in the absence of uncertainty and a risk aggregator that defines the certainty equivalent function...
which provide a recursive
Recursive
Recursive may refer to:*Recursion, the technique of functions calling themselves*Recursive function, a total computable function*Recursive language, a language which is decidable...
specification of a utility function which separates the elasticity of intertemporal substitution
Elasticity of intertemporal substitution
Elasticity of intertemporal substitution is a measure of responsiveness of the growth rate of consumption to the real interest rate...
from the coefficient of relative risk aversion. For this contribution he was awarded the 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...
by 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....
.