Lawrence Klein

Lawrence Klein
Born(1920-09-14)September 14, 1920
DiedOctober 20, 2013(2013-10-20) (aged 93)
Academic career
FieldMacroeconomics
Econometrics
InstitutionUniversity of Pennsylvania
University of Oxford
University of Michigan
NBER
Cowles Commission
University of Chicago
School or
tradition
Neo-Keynesian economics
Alma materMassachusetts Institute of Technology (PhD)
University of California, Berkeley (BA)
Los Angeles City College (AA)
Doctoral
advisor
Paul Samuelson
Doctoral
students
Arthur Goldberger
Bennett Harrison
Ignazio Visco
E. Roy Weintraub
Vishwanath Pandit
InfluencesJan Tinbergen
ContributionsMacroeconometric forecasting models
AwardsJohn Bates Clark Medal (1959)
Nobel Memorial Prize in Economic Sciences (1980)
Information at IDEAS / RePEc

Lawrence Robert Klein (September 14, 1920 – October 20, 2013) was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics in the Department of Economics at the University of Pennsylvania, he was awarded the Nobel Memorial Prize in Economic Sciences in 1980 specifically "for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies." Due to his efforts, such models have become widespread among economists. Harvard University professor Martin Feldstein told the Wall Street Journal that Klein "was the first to create the statistical models that embodied Keynesian economics," tools still used by the Federal Reserve Bank and other central banks.[1]

  1. ^ "Nobel-Winning Economist Applied Forecasting Models to the Real World". Wall Street Journal. October 22, 2013. p. A8.